Ampco-Pittsburgh (NYSE:AP) CEO Brett Mcbrayer Buys 7,500 Shares

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer bought 7,500 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of $6.67 per share, with a total value of $50,025.00. Following the purchase, the chief executive officer owned 585,731 shares of the company’s stock, valued at $3,906,825.77. This represents a 1.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ampco-Pittsburgh Trading Up 6.9%

Shares of AP stock traded up $0.44 on Thursday, hitting $6.79. 344,915 shares of the company’s stock traded hands, compared to its average volume of 312,634. The stock has a market capitalization of $138.02 million, a price-to-earnings ratio of -2.06 and a beta of 0.70. The company’s fifty day simple moving average is $7.35 and its 200 day simple moving average is $4.44. Ampco-Pittsburgh Corporation has a one year low of $1.75 and a one year high of $10.00. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.96 and a current ratio of 1.84.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, March 16th. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $104.37 million for the quarter. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of large investors have recently made changes to their positions in AP. Geode Capital Management LLC boosted its holdings in Ampco-Pittsburgh by 2.8% in the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 4,339 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Ampco-Pittsburgh in the 2nd quarter worth about $30,000. Ameriprise Financial Inc. boosted its stake in shares of Ampco-Pittsburgh by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock valued at $3,433,000 after purchasing an additional 33,950 shares in the last quarter. Group One Trading LLC bought a new stake in shares of Ampco-Pittsburgh during the 2nd quarter valued at about $43,000. Finally, Vanguard Group Inc. increased its position in shares of Ampco-Pittsburgh by 6.0% during the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after buying an additional 38,021 shares during the period. 49.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Ampco-Pittsburgh presently has a consensus rating of “Sell”.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.