Metropolitan Life Insurance Co. NY held its position in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,989 shares of the industrial products company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Global Brass and Copper Holdings were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. LSV Asset Management increased its position in shares of Global Brass and Copper Holdings by 19.5% in the first quarter. LSV Asset Management now owns 910,045 shares of the industrial products company’s stock worth $31,305,000 after buying an additional 148,529 shares during the period. American Century Companies Inc. increased its position in shares of Global Brass and Copper Holdings by 14.1% in the first quarter. American Century Companies Inc. now owns 822,459 shares of the industrial products company’s stock worth $28,293,000 after buying an additional 101,626 shares during the period. Bank of America Corp DE increased its position in shares of Global Brass and Copper Holdings by 68.1% in the first quarter. Bank of America Corp DE now owns 179,760 shares of the industrial products company’s stock worth $6,184,000 after buying an additional 72,849 shares during the period. First Trust Advisors LP increased its position in shares of Global Brass and Copper Holdings by 51.2% in the first quarter. First Trust Advisors LP now owns 209,934 shares of the industrial products company’s stock worth $7,222,000 after buying an additional 71,063 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Global Brass and Copper Holdings by 8.2% in the first quarter. Renaissance Technologies LLC now owns 818,800 shares of the industrial products company’s stock worth $28,167,000 after buying an additional 61,900 shares during the period. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) traded down 0.7082% during trading on Thursday, reaching $29.4301. The company’s stock had a trading volume of 28,026 shares. Global Brass and Copper Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $39.85. The firm has a market cap of $644.64 million, a PE ratio of 14.4195 and a beta of 0.44. The stock’s 50 day moving average price is $31.13 and its 200-day moving average price is $32.78.

Global Brass and Copper Holdings (NYSE:BRSS) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The firm had revenue of $377.40 million for the quarter, compared to analysts’ expectations of $398.45 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. This is a boost from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. Global Brass and Copper Holdings’s dividend payout ratio (DPR) is currently 7.39%.

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Separately, Zacks Investment Research downgraded Global Brass and Copper Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th.

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

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