Ampco-Pittsburgh (AP)

• Market cap: $39.8M
• 1 day: 1.54%
• 5 days: -1.00%
• 1 month: 13.14%
• 3 months: -6.16%
• 6 months: 142.94%
• Year to date: -29.03%
• 1 year: -26.67%
• 5 years: -35.29%
• 10 years: -89.01%
• Sector: Industrials
• Industry: Pumps & Pumping Equipment

About: Ampco-Pittsburgh Corp is a U.S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the United States and other countries.

Employees: 1,697

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

146% more capital invested

Capital invested by funds: $6.76M [Q2] → $16.6M (+$9.85M) [Q3]

2.64% less ownership

Funds ownership: 44.19% [Q2] → 41.56% (-2.64%) [Q3]

24% less funds holding

Funds holding: 42 [Q2] → 32 (-10) [Q3]

58% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 12

77% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 13