ClariVest Asset Management LLC increased its position in Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 380,022 shares of the industrial products company’s stock after buying an additional 52,327 shares during the period. ClariVest Asset Management LLC’s holdings in Global Brass and Copper Holdings were worth $11,609,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BRSS. Prudential Financial Inc. increased its stake in shares of Global Brass and Copper Holdings by 3.9% in the first quarter. Prudential Financial Inc. now owns 567,116 shares of the industrial products company’s stock worth $19,509,000 after buying an additional 21,270 shares in the last quarter. Hancock Holding Co. increased its stake in shares of Global Brass and Copper Holdings by 12.4% in the first quarter. Hancock Holding Co. now owns 41,570 shares of the industrial products company’s stock worth $1,430,000 after buying an additional 4,583 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Global Brass and Copper Holdings during the fourth quarter worth about $262,000. Teachers Advisors LLC increased its stake in shares of Global Brass and Copper Holdings by 78.1% in the fourth quarter. Teachers Advisors LLC now owns 103,500 shares of the industrial products company’s stock worth $3,550,000 after buying an additional 45,392 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Global Brass and Copper Holdings during the first quarter worth about $891,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) opened at 28.70 on Friday. 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 $628.64 million, a P/E ratio of 14.06 and a beta of 0.44. The company’s 50-day moving average price is $31.05 and its 200-day moving average price is $32.73.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Monday, August 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a yield of 0.84%. Global Brass and Copper Holdings’s payout ratio is currently 11.82%.

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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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