November 30, 2016 - By Louis Casey
Equity research analysts at KeyBanc Capital Markets’s equities research division downgraded Global Brass & Copper (NYSE:BRSS)‘s stock rating from “Overweight” to “Sector Weight” on Tuesday morning.
The stock decreased 2.67% or $0.8 on November 29, hitting $29.2. Global Brass and Copper Holdings Inc (NYSE:BRSS) has risen 6.26% since April 27, 2016 and is uptrending. It has outperformed by 1.03% the S&P500.
Analysts await Global Brass and Copper Holdings Inc (NYSE:BRSS) to report earnings on March, 14. They expect $0.41 earnings per share, up 70.83% or $0.17 from last year’s $0.24 per share. BRSS’s profit will be $8.62M for 17.80 P/E if the $0.41 EPS becomes a reality. After $0.71 actual earnings per share reported by Global Brass and Copper Holdings Inc for the previous quarter, Wall Street now forecasts -42.25% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.19, from 1.27 in 2016Q1. The ratio fall, as 10 funds sold all Global Brass and Copper Holdings Inc shares owned while 46 reduced positions. 17 funds bought stakes while 54 increased positions. They now own 20.16 million shares or 2.36% less from 20.64 million shares in 2016Q1.
Piedmont Invest Lc has 0% invested in the company for 33 shares. D E Shaw And Co holds 117,848 shares or 0.01% of its portfolio. Blackrock Japan Co Limited last reported 2,892 shares in the company. Foundry Prtn Ltd Liability Corporation accumulated 215,362 shares or 0.33% of the stock. Brandywine Glob Inv Mgmt Llc has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Blackrock Group holds 29,310 shares or 0% of its portfolio. Art Limited Com last reported 32,478 shares in the company. Wedge Mngmt L L P Nc has 40,000 shares for 0.01% of their US portfolio. Moreover, Bridgeway Mgmt has 0.06% invested in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 146,050 shares. Prudential Financial Incorporated holds 0.02% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 474,576 shares. Metropolitan Life Ins Co holds 15,989 shares or 0% of its portfolio. Chicago Equity Ltd Liability Co holds 0.04% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 48,198 shares. Allianz Asset Mgmt Ag accumulated 0.02% or 1.10 million shares. Kennedy Cap Mngmt last reported 0.14% of its portfolio in the stock. Envestnet Asset Management Inc accumulated 0% or 3,490 shares.
Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 8 insider sales for $1.76 million net activity. $260,061 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) was sold by Hamilton Scott B on Thursday, September 8. $310,007 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) was sold by Micchelli Robert T on Monday, August 29. Another trade for 10,000 shares valued at $287,500 was sold by Denner Devin K. The insider Welch Martin E sold $86,700.
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 has a market cap of $613.77 million. The Firm operates through three divisions: Olin Brass, Chase Brass and A.J. It has a 22.42 P/E ratio. Oster.
According to Zacks Investment Research, “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.”
More notable recent Global Brass and Copper Holdings Inc (NYSE:BRSS) news were published by: Marketwatch.com which released: “Global Brass & Copper upgraded to overweight from sector weight at KeyBanc Capital” on May 25, 2013, also Businesswire.com with their article: “Global Brass and Copper Holdings, Inc. Reports Third Quarter 2016 Financial …” published on November 03, 2016, Nasdaq.com published: “Global Brass and Copper Holdings, Inc. (BRSS) Ex-Dividend Date Scheduled for …” on November 08, 2016. More interesting news about Global Brass and Copper Holdings Inc (NYSE:BRSS) were released by: Businesswire.com and their article: “Global Brass and Copper Holdings, Inc. Announces Date and Time for Release of …” published on October 18, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Global Brass & Copper Holdings Inc.BRSS” with publication date: May 18, 2013.
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By Louis Casey