Global Brass and Copper (NYSE:BRSS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, January 3rd.

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 analysts have 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 cut 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 (BRSS) opened at $32.75 on Wednesday. Global Brass and Copper has a 52-week low of $28.10 and a 52-week high of $39.85. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.00 and a current ratio of 3.26. The company has a market capitalization of $715.16, a PE ratio of 12.70 and a beta of 0.47.

Global Brass and Copper (NYSE:BRSS) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $378.60 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. equities analysts forecast that Global Brass and Copper will post 2.47 earnings per share for the current year.

A number of large investors have recently bought and sold shares of BRSS. Schwab Charles Investment Management Inc. grew its position in shares of Global Brass and Copper by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 224,510 shares of the industrial products company’s stock valued at $6,859,000 after purchasing an additional 1,060 shares in the last quarter. Rhumbline Advisers grew its position 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 valued at $727,000 after purchasing an additional 765 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Global Brass and Copper by 388.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 3,574 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Global Brass and Copper by 23.5% in the second quarter. Victory Capital Management Inc. now owns 34,686 shares of the industrial products company’s stock valued at $1,059,000 after purchasing an additional 6,611 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Global Brass and Copper by 60.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,720 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 5,523 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

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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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