Global Brass and Copper Holdings, Inc. (NYSE:BRSS) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also issued reports on BRSS. BidaskClub raised Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th.

Global Brass and Copper Holdings (NYSE:BRSS) traded down $2.50 during trading hours on Friday, reaching $32.65. 126,792 shares of the company traded hands, compared to its average volume of 57,890. The stock has a market cap of $792.92 million, a price-to-earnings ratio of 13.71 and a beta of 0.49. The company has a quick ratio of 1.75, a current ratio of 2.76 and a debt-to-equity ratio of 2.42.

Global Brass and Copper Holdings (NYSE:BRSS) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The company had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $376.00 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. research analysts forecast that Global Brass and Copper Holdings will post 2.53 earnings per share for the current year.

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In other news, 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 transaction of $107,828.64. Following the sale, the director now directly owns 21,686 shares of the company’s stock, valued at $630,628.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL increased its holdings in Global Brass and Copper Holdings by 2.5% in the second quarter. Tudor Investment Corp ET AL now owns 12,742 shares of the industrial products company’s stock valued at $389,000 after buying an additional 316 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in Global Brass and Copper Holdings by 0.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 161,974 shares of the industrial products company’s stock valued at $4,947,000 after buying an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Global Brass and Copper Holdings by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,894 shares of the industrial products company’s stock valued at $516,000 after buying an additional 645 shares during the last quarter. Summit Global Investments increased its holdings in Global Brass and Copper Holdings by 4.6% in the second quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock valued at $483,000 after buying an additional 700 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Global Brass and Copper Holdings by 3.3% in the second quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after buying an additional 765 shares during the last quarter. 94.95% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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