Worth Watching: After Touching All Time High, Is Global Brass and Copper Holdings Inc’s Near-Term Analysis Positive?

Worth Watching: After Touching All Time High, Is Global Brass and Copper Holdings Inc's Near Term Analysis Positive?

The stock of Global Brass and Copper Holdings Inc (NYSE:BRSS) reached all time high today, Oct, 17 and still has $50.96 target or 66.00% above today’s $30.70 share price. This indicates more upside for the $670.61M company. This technical setup was reported by Barchart.com. If the $50.96 PT is reached, the company will be worth $442.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 76,901 shares traded hands. Global Brass and Copper Holdings Inc (NYSE:BRSS) has risen 23.83% since March 14, 2016 and is uptrending. It has outperformed by 18.22% the S&P500.

Analysts await Global Brass and Copper Holdings Inc (NYSE:BRSS) to report earnings on November, 7. They expect $0.82 EPS, up 64.00% or $0.32 from last year’s $0.5 per share. BRSS’s profit will be $17.91M for 9.36 P/E if the $0.82 EPS becomes a reality. After $0.35 actual EPS reported by Global Brass and Copper Holdings Inc for the previous quarter, Wall Street now forecasts 134.29% EPS growth.

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.”

Insitutional Activity: The institutional sentiment increased to 1.27 in Q2 2016. Its up 0.30, from 0.97 in 2016Q1. The ratio increased, 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.
Clark Mgmt Grp Inc Incorporated has invested 0.04% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Metropolitan Life Insur Ny has 15,989 shares for 0% of their US portfolio. Columbia L L C Mgmt owns 75,426 shares or 0.15% of their US portfolio. Envestnet Asset Management has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Sawgrass Asset Limited Liability Company last reported 54,790 shares in the company. Denver Advsr Limited Liability Co last reported 0.45% of its portfolio in the stock. Schroder Investment Mngmt last reported 0% of its portfolio in the stock. Piedmont Investment Advsr Ltd Liability owns 33 shares or 0% of their US portfolio. Blackrock Advsr Llc last reported 215,187 shares in the company. Globeflex Cap Lp holds 0% or 36 shares in its portfolio. Teachers Advisors holds 36,194 shares or 0% of its portfolio. Blackrock Institutional Trust Na last reported 743,835 shares in the company. Jacobs Levy Equity has invested 0.02% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Allianz Asset Mngmt Ag, a Germany-based fund reported 1.10M shares. Great West Life Assurance Can last reported 2,948 shares in the company.

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 4 sales for $972,453 net activity. On Wednesday, September 7 Micchelli Robert T sold $315,685 worth of the stock or 10,900 shares. Shares for $86,700 were sold by Welch Martin E. 8,808 shares were sold by Hamilton Scott B, worth $260,061.

More notable recent Global Brass and Copper Holdings Inc (NYSE:BRSS) news were published by: Marketwatch.com which released: “Global Brass & Copper Holdings Inc.” on May 25, 2013, also Businesswire.com with their article: “Global Brass and Copper Holdings, Inc. Reports Second Quarter 2016 Financial …” published on August 04, 2016, Businesswire.com published: “Global Brass and Copper Holdings, Inc. Announces Date and Time for Release of …” on July 11, 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. Reports Temporary Disruption to a …” published on May 18, 2016 as well as Businesswire.com‘s news article titled: “Global Brass and Copper Holdings, Inc. Reports Fourth Quarter 2015 and Fiscal …” with publication date: March 08, 2016.

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