Ampco-Pittsburgh (NYSE:AP) CEO Brett Mcbrayer Buys 3,300 Shares

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer purchased 3,300 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $9.03 per share, with a total value of $29,799.00. Following the completion of the transaction, the chief executive officer owned 557,694 shares of the company’s stock, valued at approximately $5,035,976.82. This trade represents a 0.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Brett Mcbrayer also recently made the following trade(s):

• On Thursday, March 19th, Brett Mcbrayer purchased 7,500 shares of Ampco-Pittsburgh stock. The shares were acquired at an average price of $6.67 per share, with a total value of $50,025.00.

Ampco-Pittsburgh Stock Performance

NYSE AP opened at $9.55 on Thursday. The company has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $6.48. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42. Ampco-Pittsburgh Corporation has a 12-month low of $1.75 and a 12-month high of $12.30. The firm has a market cap of $194.11 million, a price-to-earnings ratio of -2.84 and a beta of 1.25.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $103.13 million for the quarter, compared to analysts’ expectations of $84.90 million. Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%.

Wall Street Analysts Forecast Growth

AP has been the subject of several research analyst reports. Wall Street Zen lowered shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Ampco-Pittsburgh presently has a consensus rating of “Sell”.

Institutional Trading of Ampco-Pittsburgh

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Ampco-Pittsburgh by 815.6% during the 1st quarter. Bank of America Corp DE now owns 20,280 shares of the industrial products company’s stock valued at $136,000 after buying an additional 18,065 shares in the last quarter. Empowered Funds LLC bought a new position in Ampco-Pittsburgh in the 1st quarter worth about $315,000. OMERS ADMINISTRATION Corp bought a new position in Ampco-Pittsburgh in the 1st quarter worth about $130,000. Gamco Investors INC. ET AL grew its stake in Ampco-Pittsburgh by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,491,957 shares of the industrial products company’s stock worth $16,746,000 after acquiring an additional 21,129 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Ampco-Pittsburgh by 104.1% in the 1st 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.

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.