Fmr LLC Acquires 200,508 Shares of Global Brass and Copper Holdings Inc (BRSS)

Fmr LLC raised its holdings in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 51.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 587,556 shares of the industrial products company’s stock after buying an additional 200,508 shares during the period. Fmr LLC owned about 2.65% of Global Brass and Copper worth $14,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in shares of Global Brass and Copper during the fourth quarter valued at about $36,000. Murphy Pohlad Asset Management LLC bought a new position in shares of Global Brass and Copper during the fourth quarter valued at about $108,000. Acadian Asset Management LLC bought a new position in shares of Global Brass and Copper during the third quarter valued at about $135,000. O Shaughnessy Asset Management LLC lifted its position in shares of Global Brass and Copper by 150.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,370 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Global Brass and Copper by 366.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,614 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 5,980 shares in the last quarter. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

BRSS opened at $31.96 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.90 and a current ratio of 3.27. Global Brass and Copper Holdings Inc has a fifty-two week low of $24.06 and a fifty-two week high of $39.05. The stock has a market cap of $699.32 million, a P/E ratio of 10.24 and a beta of 1.11.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 19th were given a dividend of $0.09 per share. This is a positive change from Global Brass and Copper’s previous quarterly dividend of $0.04. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, February 15th. Global Brass and Copper’s dividend payout ratio (DPR) is presently 11.54%.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st.

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Global Brass and Copper Profile

Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.

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

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