Key Points
- CEO Brett Mcbrayer bought 19,000 shares on Dec. 1 at $2.58 each for $49,020, raising his direct stake to 448,631 shares (a 4.42% increase) worth about $1.16M per the SEC filing.
- Ampco‑Pittsburgh opened at $2.75 and was recently up ~10.9%, with a market cap of $55.91M and a 52‑week range of $1.75–$3.99.
- About 49.16% of the stock is institutionally owned and analysts have a consensus "Sell" rating; the company reported $0.04 EPS for the quarter with a negative net margin of 1.24% on $108.01M revenue.
Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) CEO Brett Mcbrayer acquired 19,000 shares of the stock in a transaction on Monday, December 1st. The shares were purchased at an average price of $2.58 per share, for a total transaction of $49,020.00. Following the transaction, the chief executive officer directly owned 448,631 shares in the company, valued at approximately $1,157,467.98. This trade represents a 4.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Ampco-Pittsburgh Stock Up 10.9%
Shares of NYSE AP opened at $2.75 on Wednesday. The stock has a market capitalization of $55.91 million, a P/E ratio of -11.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.96 and a current ratio of 1.84. Ampco-Pittsburgh Corporation has a 52 week low of $1.75 and a 52 week high of $3.99. The stock's fifty day moving average is $2.28 and its 200 day moving average is $2.78.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last issued its earnings results on Wednesday, November 12th. The industrial products company reported $0.04 earnings per share for the quarter. Ampco-Pittsburgh had a positive return on equity of 5.15% and a negative net margin of 1.24%.The firm had revenue of $108.01 million for the quarter.
Institutional Investors Weigh In On Ampco-Pittsburgh
Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings 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 acquiring an additional 33,950 shares during the last quarter. Vanguard Group Inc. increased its holdings in Ampco-Pittsburgh by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company's stock worth $1,529,000 after acquiring an additional 38,021 shares in the last quarter. Geode Capital Management LLC increased its stake in Ampco-Pittsburgh by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company's stock worth $480,000 after buying an additional 4,339 shares in the last quarter. Teton Advisors LLC bought a new stake in Ampco-Pittsburgh during the 3rd quarter valued at approximately $248,000. Finally, Citadel Advisors LLC bought a new stake in Ampco-Pittsburgh in the 3rd quarter valued at $72,000. 49.16% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Ampco-Pittsburgh in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".
Read Our Latest Research Report on AP
Ampco-Pittsburgh Company Profile
(
Get Free Report)
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.
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