Key Points
- CEO Brett Mcbrayer bought 3,300 shares of Ampco-Pittsburgh stock at an average price of $9.03, for a total of $29,799. After the purchase, he held 557,694 shares worth about $5.04 million.
- This was not Mcbrayer’s only recent buy; in March, he also purchased 7,500 shares for $50,025, showing continued insider buying activity.
- Operational and sentiment backdrop remains mixed: the company recently missed EPS estimates even as revenue topped expectations, and analysts currently rate the stock an average of “Sell.”
Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) CEO Brett Mcbrayer acquired 3,300 shares of the company's stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $9.03 per share, for a total transaction of $29,799.00. Following the completion of the purchase, the chief executive officer owned 557,694 shares of the company's stock, valued at approximately $5,035,976.82. This represents a 0.60% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Brett Mcbrayer also recently made the following trade(s):
- On Thursday, March 19th, Brett Mcbrayer acquired 7,500 shares of Ampco-Pittsburgh stock. The shares were acquired at an average price of $6.67 per share, for a total transaction of $50,025.00.
Ampco-Pittsburgh Price Performance
NYSE AP opened at $9.55 on Thursday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.01 and a current ratio of 1.75. The firm's 50 day moving average price is $8.97 and its 200-day moving average price is $6.48. Ampco-Pittsburgh Corporation has a 52-week low of $1.75 and a 52-week high of $12.30. The company has a market cap of $194.11 million, a PE ratio of -2.84 and a beta of 1.25.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%. The business had revenue of $103.13 million for the quarter, compared to the consensus estimate of $84.90 million.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Teton Advisors LLC bought a new stake in Ampco-Pittsburgh in the third quarter worth about $248,000. Gamco Investors INC. ET AL raised its position in Ampco-Pittsburgh by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company's stock worth $13,170,000 after acquiring an additional 86,618 shares in the last quarter. Gabelli Funds LLC raised its position in Ampco-Pittsburgh by 1.7% in the fourth quarter. Gabelli Funds LLC now owns 1,404,300 shares of the industrial products company's stock worth $7,485,000 after acquiring an additional 23,500 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Ampco-Pittsburgh in the first quarter worth about $130,000. Finally, Sei Investments Co. raised its position in Ampco-Pittsburgh by 104.1% in the first quarter. Sei Investments Co. now owns 184,336 shares of the industrial products company's stock worth $1,239,000 after acquiring an additional 94,002 shares in the last quarter. Hedge funds and other institutional investors own 49.16% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on AP shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Ampco-Pittsburgh in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".
Get Our Latest Stock Report on AP
Ampco-Pittsburgh Company Profile
(
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.
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