Foundry Partners LLC Has $10.48 Million Holdings in Global Brass and Copper Holdings Inc (BRSS)

Foundry Partners LLC raised its position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 283,926 shares of the industrial products company’s stock after buying an additional 6,857 shares during the period. Foundry Partners LLC owned about 1.28% of Global Brass and Copper worth $10,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. bought a new position in Global Brass and Copper in the 1st quarter worth $207,000. A.R.T. Advisors LLC bought a new position in Global Brass and Copper in the 1st quarter worth $211,000. Meeder Asset Management Inc. raised its holdings in Global Brass and Copper by 787.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,178 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 6,369 shares in the last quarter. Eqis Capital Management Inc. bought a new position in Global Brass and Copper in the 2nd quarter worth $303,000. Finally, Global X Management Co LLC raised its holdings in Global Brass and Copper by 17.2% in the 2nd quarter. Global X Management Co LLC now owns 10,351 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,520 shares in the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BRSS opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.03 and a quick ratio of 1.69. Global Brass and Copper Holdings Inc has a 12 month low of $27.50 and a 12 month high of $39.05. The firm has a market capitalization of $818.22 million, a price-to-earnings ratio of 12.40 and a beta of 0.28.

Global Brass and Copper (NYSE:BRSS) last issued its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The company had revenue of $459.40 million during the quarter. Global Brass and Copper had a net margin of 3.17% and a return on equity of 42.59%. Equities research analysts expect that Global Brass and Copper Holdings Inc will post 3.09 EPS for the current year.

Several research analysts have commented on BRSS shares. ValuEngine upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of Global Brass and Copper from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Wednesday, August 22nd.

In related news, insider Kevin W. Bense sold 37,126 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $37.72, for a total value of $1,400,392.72. Following the completion of the transaction, the insider now directly owns 53,648 shares in the company, valued at approximately $2,023,602.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.

Global Brass and Copper Profile

Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.

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Institutional Ownership by Quarter for Global Brass and Copper (NYSE:BRSS)

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