Virginia Retirement Systems ET AL Has $1.24 Million Holdings in Global Brass and Copper Holdings Inc (BRSS)

Virginia Retirement Systems ET AL lessened its stake in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,700 shares of the industrial products company’s stock after selling 11,300 shares during the period. Virginia Retirement Systems ET AL owned about 0.17% of Global Brass and Copper worth $1,240,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BRSS. Tudor Investment Corp ET AL increased its position in shares of Global Brass and Copper by 2.5% during 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 acquiring an additional 316 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Global Brass and Copper by 0.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 161,974 shares of the industrial products company’s stock worth $4,947,000 after acquiring an additional 500 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Global Brass and Copper by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,894 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 645 shares during the period. Summit Global Investments boosted its holdings in shares of Global Brass and Copper by 4.6% in the second quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 700 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Global Brass and Copper by 3.3% in the second quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock worth $727,000 after acquiring an additional 765 shares during the period. Institutional investors own 94.92% of the company’s stock.

Global Brass and Copper Holdings Inc (NYSE BRSS) opened at $33.90 on Thursday. The firm has a market cap of $742.54, a price-to-earnings ratio of 13.19 and a beta of 0.47. The company has a quick ratio of 2.00, a current ratio of 3.26 and a debt-to-equity ratio of 2.19. Global Brass and Copper Holdings Inc has a 1-year low of $28.10 and a 1-year high of $39.85.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.71%. Global Brass and Copper’s payout ratio is currently 9.96%.

BRSS has been the topic of several analyst reports. ValuEngine downgraded Global Brass and Copper from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research cut Global Brass and Copper from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised Global Brass and Copper from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.

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Global Brass and Copper 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 (NYSE:BRSS)

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