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Global Brass and Copper Holdings (NASDAQ:BRSS) announced a quarterly dividend on Friday, May 23rd, ARN reports. Shareholders of record on Tuesday, June 3rd will be paid a dividend of 0.0375 per share on Friday, June 13th. This represents a $0.15 annualized dividend and a dividend yield of 1.01%.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Global Brass and Copper Holdings from a “neutral” rating to an “underperform” rating in a research note on Friday, May 16th. They now have a $14.30 price target on the stock. Analysts at Morgan Stanley raised their price target on shares of Global Brass and Copper Holdings from $2.00 to $21.00 in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.65.

Shares of Global Brass and Copper Holdings (NASDAQ:BRSS) opened at 15.01 on Friday. Global Brass and Copper Holdings has a 1-year low of $12.59 and a 1-year high of $21.45. The stock has a 50-day moving average of $15.67 and a 200-day moving average of $16.6. The company has a market cap of $320.3 million and a P/E ratio of 36.21.

Global Brass and Copper Holdings (NASDAQ:BRSS) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.05. On average, analysts predict that Global Brass and Copper Holdings will post $2.08 earnings per share for the current fiscal year.

In other Global Brass and Copper Holdings news, CFO Robert Micchelli bought 15,000 shares of Global Brass and Copper Holdings stock on the open market in a transaction dated Monday, May 12th. The stock was purchased at an average price of $14.98 per share, with a total value of $224,700.00. Following the completion of the purchase, the chief financial officer now directly owns 43,870 shares of the company’s stock, valued at approximately $657,173. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Global Brass and Copper Holdings, Inc is a converter, fabricator, distributor and processor of specialized copper and brass products in North America.

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