Global Brass and Copper Holdings, Inc. (NYSE:BRSS) Director Martin E. Welch sold 3,708 shares of Global Brass and Copper Holdings stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.08, for a total value of $107,828.64. Following the sale, the director now directly owns 21,686 shares of the company’s stock, valued at approximately $630,628.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Global Brass and Copper Holdings, Inc. (BRSS) traded up 1.74% during midday trading on Monday, hitting $29.20. The company had a trading volume of 64,766 shares. The company has a market cap of $639.60 million, a price-to-earnings ratio of 14.31 and a beta of 0.44. Global Brass and Copper Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $39.85. The firm has a 50-day moving average price of $31.01 and a 200-day moving average price of $32.70.

Global Brass and Copper Holdings (NYSE:BRSS) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $377.40 million for the quarter, compared to the consensus estimate of $398.45 million. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Equities analysts anticipate that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a yield of 0.82%. Global Brass and Copper Holdings’s payout ratio is currently 11.82%.

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Separately, Zacks Investment Research downgraded Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a report on Thursday, May 11th.

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Global Brass and Copper Holdings during the first quarter worth $108,000. BNP Paribas Arbitrage SA increased its stake in shares of Global Brass and Copper Holdings by 388.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock worth $137,000 after buying an additional 3,574 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of Global Brass and Copper Holdings by 10.2% in the first quarter. 1st Global Advisors Inc. now owns 6,641 shares of the industrial products company’s stock worth $228,000 after buying an additional 616 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Global Brass and Copper Holdings during the first quarter worth approximately $229,000. Finally, KCG Holdings Inc. acquired a new stake in shares of Global Brass and Copper Holdings during the first quarter worth approximately $230,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Global Brass and Copper Holdings (NYSE:BRSS)

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