Cornerstone Capital Management Holdings LLC. Sells 16,500 Shares of Global Brass and Copper Holdings Inc (BRSS)

Cornerstone Capital Management Holdings LLC. reduced its position in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 10.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 145,474 shares of the industrial products company’s stock after selling 16,500 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.66% of Global Brass and Copper worth $4,916,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of Global Brass and Copper by 305.4% during the 3rd quarter. Wells Fargo & Company MN now owns 578,115 shares of the industrial products company’s stock worth $19,541,000 after purchasing an additional 435,499 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Global Brass and Copper by 21.9% during 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Global Brass and Copper 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 buying an additional 141,301 shares in the last quarter. LSV Asset Management boosted its position in shares of Global Brass and Copper 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 buying an additional 114,791 shares in the last quarter. Finally, AJO LP boosted its position in shares of Global Brass and Copper 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 buying an additional 87,337 shares in the last quarter. 94.92% of the stock is currently owned by institutional investors.

Global Brass and Copper Holdings Inc (NYSE:BRSS) opened at $34.20 on Friday. The stock has a market cap of $730.49, a PE ratio of 12.98 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 earnings results on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $378.60 million for the quarter, compared to analyst estimates of $376.00 million. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Global Brass and Copper Holdings Inc will post 2.47 earnings per share for the current 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, November 10th. Global Brass and Copper’s dividend payout ratio is currently 9.96%.

Several research firms recently commented on BRSS. ValuEngine lowered shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. BidaskClub upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research lowered shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th.

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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.

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

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