Global Brass and Copper (NYSE:BRSS) insider Kevin W. Bense sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $34.45, for a total transaction of $103,350.00. Following the completion of the sale, the insider now owns 42,195 shares in the company, valued at approximately $1,453,617.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
BRSS stock opened at $32.30 on Friday. The company has a market capitalization of $732.54, a price-to-earnings ratio of 11.94 and a beta of 0.38. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.78 and a quick ratio of 1.63. Global Brass and Copper has a 12-month low of $27.50 and a 12-month high of $36.50.
Global Brass and Copper (NYSE:BRSS) last announced its earnings results on Thursday, March 1st. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The firm had revenue of $411.50 million for the quarter, compared to the consensus estimate of $412.10 million. Global Brass and Copper had a net margin of 3.26% and a return on equity of 46.79%. research analysts expect that Global Brass and Copper will post 3.26 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Global Brass and Copper during the 3rd quarter valued at about $160,000. Macquarie Group Ltd. bought a new position in Global Brass and Copper during the 4th quarter valued at about $164,000. Teacher Retirement System of Texas bought a new position in shares of Global Brass and Copper in the fourth quarter worth about $249,000. Voya Investment Management LLC raised its stake in shares of Global Brass and Copper by 29.8% in the second quarter. Voya Investment Management LLC now owns 9,409 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 2,161 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in shares of Global Brass and Copper by 36.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 9,147 shares of the industrial products company’s stock worth $309,000 after acquiring an additional 2,445 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.
Separately, Zacks Investment Research cut shares of Global Brass and Copper from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
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Global Brass and Copper Company 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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