Global Brass and Copper Holdings, Inc. (BRSS) Stake Lowered by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 944,932 shares of the industrial products company’s stock after selling 58,011 shares during the quarter. American Century Companies Inc. owned 4.31% of Global Brass and Copper Holdings worth $31,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Global Brass and Copper Holdings by 7.1% during the second 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 in the last quarter. LSV Asset Management grew its position in Global Brass and Copper Holdings by 12.6% during 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 in the last quarter. JPMorgan Chase & Co. grew its position in Global Brass and Copper Holdings by 5.2% during the second quarter. JPMorgan Chase & Co. now owns 951,048 shares of the industrial products company’s stock worth $29,055,000 after buying an additional 46,827 shares in the last quarter. Renaissance Technologies LLC grew its position in Global Brass and Copper Holdings by 10.4% during the second quarter. Renaissance Technologies LLC now owns 903,729 shares of the industrial products company’s stock worth $27,609,000 after buying an additional 84,929 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Global Brass and Copper Holdings by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 823,321 shares of the industrial products company’s stock worth $25,152,000 after buying an additional 68,617 shares in the last quarter. 93.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at $33.35 on Tuesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.00 and a current ratio of 3.26. The firm has a market capitalization of $751.30, a P/E ratio of 13.35 and a beta of 0.49. Global Brass and Copper Holdings, Inc. has a 1-year low of $28.00 and a 1-year high of $39.85.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, November 10th. Global Brass and Copper Holdings’s payout ratio is 9.96%.

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A number of equities research analysts have weighed in on BRSS shares. Zacks Investment Research downgraded Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine downgraded Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, BidaskClub raised Global Brass and Copper Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 13th.

Global Brass and Copper Holdings 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 Holdings (NYSE:BRSS)

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