Key Points
- CEO Brett Mcbrayer purchased 7,500 shares on March 19 at $6.67 each (~$50,025), raising his stake to 585,731 shares (a 1.30% increase), according to an SEC filing.
- Ampco-Pittsburgh reported a loss (‑$0.17 EPS last quarter), has negative net margin and ROE, a market cap of about $142 million and a P/E of -2.15, signaling weak recent financial performance.
- Market sentiment is bearish: the consensus rating is "Sell" after downgrades, although hedge funds and institutions own roughly 49% of the stock and several firms have recently increased or initiated positions.
Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) CEO Brett Mcbrayer acquired 7,500 shares of Ampco-Pittsburgh stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $6.67 per share, with a total value of $50,025.00. Following 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 filing with the SEC, which is accessible through this hyperlink.
Ampco-Pittsburgh Stock Performance
NYSE AP opened at $7.00 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.96 and a debt-to-equity ratio of 2.46. The business's 50 day moving average is $7.38 and its two-hundred day moving average is $4.45. Ampco-Pittsburgh Corporation has a 12-month low of $1.75 and a 12-month high of $10.00. The stock has a market capitalization of $142.33 million, a price-to-earnings ratio of -2.15 and a beta of 0.70.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The industrial products company reported ($0.17) EPS for the quarter. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%. The business had revenue of $104.37 million during the quarter.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Ampco-Pittsburgh presently has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on Ampco-Pittsburgh
Hedge Funds Weigh In On Ampco-Pittsburgh
Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Ampco-Pittsburgh during the fourth quarter worth $1,110,000. Informed Momentum Co LLC acquired a new position in shares of Ampco-Pittsburgh during the 4th quarter worth $791,000. Teton Advisors LLC acquired a new position in shares of Ampco-Pittsburgh during the 3rd quarter worth $248,000. Gamco Investors INC. ET AL boosted its position in shares of Ampco-Pittsburgh by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company's stock worth $13,170,000 after buying an additional 86,618 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 buying an additional 38,021 shares in the last quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.
About Ampco-Pittsburgh
(
Get Free Report)
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.
Further Reading
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