Martingale Asset Management L P raised its position in Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,938 shares of the industrial products company’s stock after buying an additional 200 shares during the period. Martingale Asset Management L P owned approximately 0.60% of Global Brass and Copper Holdings worth $4,031,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Global Brass and Copper Holdings by 65.8% in the 2nd quarter. Wells Fargo & Company MN now owns 142,616 shares of the industrial products company’s stock valued at $4,357,000 after purchasing an additional 56,622 shares in the last quarter. LSV Asset Management raised its stake in shares of Global Brass and Copper Holdings by 12.6% in the 2nd quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock valued at $31,308,000 after purchasing an additional 114,791 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Global Brass and Copper Holdings by 5.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 951,048 shares of the industrial products company’s stock valued at $29,055,000 after purchasing an additional 46,827 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Global Brass and Copper Holdings by 5.0% in the 2nd quarter. Principal Financial Group Inc. now owns 206,278 shares of the industrial products company’s stock valued at $6,302,000 after purchasing an additional 9,844 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new stake in shares of Global Brass and Copper Holdings in the 2nd quarter valued at about $420,000. 95.61% of the stock is owned by institutional investors.

In other Global Brass and Copper Holdings news, Director Martin E. Welch sold 3,708 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $29.08, for a total value of $107,828.64. Following the sale, the director now directly owns 21,686 shares in the company, valued at approximately $630,628.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

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Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at 29.90 on Friday. Global Brass and Copper Holdings, Inc. has a 1-year low of $22.75 and a 1-year high of $39.85. The company’s 50-day moving average is $29.68 and its 200 day moving average is $32.00. The firm has a market cap of $654.93 million, a price-to-earnings ratio of 14.65 and a beta of 0.46.

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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $377.40 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts expect that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.80%. This is a positive change from Global Brass and Copper Holdings’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, August 10th. Global Brass and Copper Holdings’s dividend payout ratio (DPR) is currently 11.82%.

Global Brass and Copper Holdings 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.

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

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