Global Brass and Copper Holdings, Inc. (NYSE:BRSS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “Global Brass & Copper Holdings, Inc. is a converter, fabricator, distributor and processor of copper and brass products primarily in North America. The Company’s product include sheet, strip, foil, rod, tube and fabricated metal component that it sells under the Olin Brass, Chase Brass and A.J. Oster brand names. It also engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products. The company serves building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer end markets. Global Brass & Copper Holdings, Inc. is headquartered in Schaumburg, United States. “

Separately, BidaskClub upgraded shares of Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.

Shares of Global Brass and Copper Holdings (NYSE BRSS) traded down 0.15% during mid-day trading on Wednesday, hitting $34.05. The stock had a trading volume of 47,004 shares. The stock’s 50-day moving average price is $30.50 and its 200-day moving average price is $31.68. The stock has a market capitalization of $745.83 million, a price-to-earnings ratio of 16.68 and a beta of 0.48. Global Brass and Copper Holdings has a 12-month low of $22.75 and a 12-month high of $39.85.

Global Brass and Copper Holdings (NYSE:BRSS) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The business had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $398.45 million. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Global Brass and Copper Holdings will post $2.66 EPS for the current fiscal year.

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In related news, Director Martin E. Welch sold 3,708 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $29.08, for a total value of $107,828.64. Following the completion of the sale, the director now owns 21,686 shares in the company, valued at approximately $630,628.88. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BRSS. American Century Companies Inc. boosted its stake in Global Brass and Copper Holdings by 21.9% in the 2nd 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 period. Vanguard Group Inc. boosted its stake in Global Brass and Copper Holdings by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,122,515 shares of the industrial products company’s stock worth $64,843,000 after purchasing an additional 141,301 shares during the period. LSV Asset Management boosted its stake in Global Brass and Copper Holdings by 12.6% in the 2nd quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock worth $31,308,000 after purchasing an additional 114,791 shares during the period. AJO LP boosted its stake in Global Brass and Copper Holdings by 107.0% in the 2nd quarter. AJO LP now owns 168,982 shares of the industrial products company’s stock worth $5,162,000 after purchasing an additional 87,337 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Global Brass and Copper Holdings by 10.4% in the 2nd quarter. Renaissance Technologies LLC now owns 903,729 shares of the industrial products company’s stock worth $27,609,000 after purchasing an additional 84,929 shares during the period. 95.61% of the stock is owned by hedge funds and other institutional investors.

About Global Brass and Copper Holdings

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.

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