Ampco-Pittsburgh Corp. (AP) to Issue Quarterly Dividend of $0.09 on October 28th
Ampco-Pittsburgh Corp. (NYSE:AP) announced a quarterly dividend on Friday, September 23rd. Stockholders of record on Friday, October 14th will be given a dividend of 0.09 per share on Friday, October 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, October 12th.
Shares of Ampco-Pittsburgh Corp. (NYSE:AP) opened at 11.11 on Friday. Ampco-Pittsburgh Corp. has a 12-month low of $8.88 and a 12-month high of $19.22. The stock’s 50 day moving average price is $11.01 and its 200 day moving average price is $13.43. The company’s market capitalization is $136.32 million.
Ampco-Pittsburgh Corp. (NYSE:AP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.53) earnings per share for the quarter. The firm had revenue of $93.30 million for the quarter, compared to the consensus estimate of $60 million. Ampco-Pittsburgh Corp. had a negative return on equity of 4.01% and a negative net margin of 2.80%. On average, equities research analysts forecast that Ampco-Pittsburgh Corp. will post $3.43 earnings per share for the current year.
Separately, Canaccord Genuity reiterated a “hold” rating on shares of Ampco-Pittsburgh Corp. in a research note on Monday, June 20th.
A number of hedge funds have recently modified their holdings of AP. Teachers Advisors Inc. bought a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter worth about $153,000. KCG Holdings Inc. bought a new stake in shares of Ampco-Pittsburgh Corp. during the second quarter worth about $238,000. Menta Capital LLC boosted its stake in shares of Ampco-Pittsburgh Corp. by 5.0% in the second quarter. Menta Capital LLC now owns 21,681 shares of the company’s stock worth $245,000 after buying an additional 1,030 shares during the period. BlackRock Investment Management LLC boosted its stake in shares of Ampco-Pittsburgh Corp. by 2,528.6% in the second quarter. BlackRock Investment Management LLC now owns 33,962 shares of the company’s stock worth $384,000 after buying an additional 32,670 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Ampco-Pittsburgh Corp. by 13.7% in the second quarter. Ancora Advisors LLC now owns 58,069 shares of the company’s stock worth $657,000 after buying an additional 7,000 shares during the period. 54.35% of the stock is currently owned by institutional investors and hedge funds.
Ampco-Pittsburgh Corp. Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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