Global Brass and Copper (BRSS) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Global Brass and Copper (NYSE:BRSS) from a buy rating to a hold rating in a report published 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. “

A number of other equities research analysts also recently weighed in on BRSS. BidaskClub raised Global Brass and Copper from a strong sell rating to a sell rating in a report on Thursday, September 28th. ValuEngine downgraded Global Brass and Copper from a buy rating to a hold rating in a report on Saturday, November 4th.

Shares of Global Brass and Copper (NYSE BRSS) opened at $32.70 on Wednesday. The firm has a market capitalization of $717.35, a price-to-earnings ratio of 13.57 and a beta of 0.47. Global Brass and Copper has a twelve month low of $28.10 and a twelve month high of $39.85. 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 (NYSE:BRSS) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $378.60 million for the quarter, compared to the consensus estimate of $376.00 million. Global Brass and Copper had a return on equity of 47.75% and a net margin of 3.61%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. equities research analysts expect that Global Brass and Copper will post 2.47 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its holdings in shares of Global Brass and Copper by 2.5% in the 2nd quarter. Tudor Investment Corp ET AL now owns 12,742 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 316 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Global Brass and Copper by 0.3% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 161,974 shares of the industrial products company’s stock valued at $4,947,000 after purchasing an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Global Brass and Copper by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,894 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 645 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Global Brass and Copper by 4.6% in the 2nd quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 700 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Global Brass and Copper by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after acquiring an additional 765 shares during the last quarter. 94.92% of the stock is currently owned by hedge funds and other institutional investors.

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Global Brass and Copper 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.

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