Sei Investments Co. reduced its holdings in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 28.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,491 shares of the industrial products company’s stock after selling 16,392 shares during the quarter. Sei Investments Co. owned approximately 0.18% of Global Brass and Copper worth $1,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Global Brass and Copper by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,122,515 shares of the industrial products company’s stock worth $64,843,000 after buying an additional 141,301 shares during the period. LSV Asset Management increased its holdings in shares of Global Brass and Copper by 12.6% in the second quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock worth $31,308,000 after buying an additional 114,791 shares during the period. American Century Companies Inc. grew its stake in shares of Global Brass and Copper by 21.9% in the second quarter. American Century Companies Inc. now owns 1,002,943 shares of the industrial products company’s stock worth $30,640,000 after purchasing an additional 180,484 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Global Brass and Copper by 5.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 951,048 shares of the industrial products company’s stock valued at $29,055,000 after acquiring an additional 46,827 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Global Brass and Copper by 10.4% during the 2nd quarter. Renaissance Technologies LLC now owns 903,729 shares of the industrial products company’s stock valued at $27,609,000 after acquiring an additional 84,929 shares in the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

Shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) opened at $33.90 on Thursday. The company has a market capitalization of $742.54, a PE ratio of 13.19 and a beta of 0.47. The company has a current ratio of 3.26, a quick ratio of 2.00 and a debt-to-equity ratio of 2.19. Global Brass and Copper Holdings Inc has a 1 year low of $28.10 and a 1 year high of $39.85.

Global Brass and Copper (NYSE:BRSS) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The business had revenue of $378.60 million for the quarter, compared to analyst estimates of $376.00 million. Global Brass and Copper had a return on equity of 47.75% and a net margin of 3.61%. Global Brass and Copper’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. research analysts forecast that Global Brass and Copper Holdings Inc will post 2.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. Global Brass and Copper’s payout ratio is presently 9.96%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Global Brass and Copper from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, November 7th. ValuEngine cut shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Finally, BidaskClub upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 13th.

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Global Brass and Copper Company Profile

Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.

Institutional Ownership by Quarter for Global Brass and Copper (NYSE:BRSS)

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