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

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer bought 7,500 shares of Ampco-Pittsburgh stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 585,731 shares of the company’s stock, valued at $3,906,825.77. This trade represents a 1.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ampco-Pittsburgh Trading Down 0.9%

Shares of Ampco-Pittsburgh stock opened at $6.84 on Friday. The firm has a market capitalization of $139.06 million, a PE ratio of -2.10 and a beta of 0.70. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.84 and a quick ratio of 0.96. The company’s fifty day moving average price is $7.41 and its two-hundred day moving average price is $4.48. Ampco-Pittsburgh Corporation has a 52-week low of $1.75 and a 52-week high of $10.00.

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

Analyst Ratings Changes

A number of research analysts have commented on AP shares. Wall Street Zen cut shares of 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 research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of institutional investors and hedge funds have recently made changes to their positions in AP. Gamco Investors INC. ET AL lifted its stake in shares of Ampco-Pittsburgh by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company’s stock valued at $13,170,000 after acquiring an additional 86,618 shares during the period. Gabelli Funds LLC raised its holdings in Ampco-Pittsburgh by 1.7% during the 4th quarter. Gabelli Funds LLC now owns 1,404,300 shares of the industrial products company’s stock worth $7,485,000 after purchasing an additional 23,500 shares during the last quarter. Ameriprise Financial Inc. lifted its position in 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 during the period. Vanguard Group Inc. lifted its position in Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after purchasing an additional 38,021 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Ampco-Pittsburgh in the 4th quarter valued at about $1,110,000. Institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

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.