Ampco-Pittsburgh Corporation (AP)

Ampco-Pittsburgh's stock has experienced positive momentum, reaching a new 52-week high of $12.29 as of May 8, 2026. The stock was up 62.5% in April 2026 and 104.88% year-to-date as of April 30, 2026. The company exited its loss-making UK cast roll business, which is expected to positively impact adjusted EBITDA. Ampco-Pittsburgh announced a 38% increase in overall order activity in the first two months of 2026, with the Air and Liquid Processing segment seeing a 73% year-over-year increase. In Q4 2025, net sales increased, but the company reported a net loss due to costs related to exiting the UK business and an asbestos revaluation charge. CEO Brett McBrayer purchased 7,500 shares of common stock in March 2026.

Demand for Ampco-Pittsburgh's products is influenced by cyclical trends in the industrial manufacturing sector and specific industry demands. Demand for forged and cast rolls is driven by recurring replacement in the steel and aluminum industries. The Air and Liquid Processing segment has shown strong and sustained demand, particularly from the nuclear, military, pharmaceutical, and data center sectors.

Ampco-Pittsburgh Corporation is a manufacturing company specializing in engineered metal products and customized equipment for industrial use. The company operates through two segments: Forged and Cast Engineered Products (FCEP), which produces forged hardened steel rolls, cast rolls, and open-die forged products; and Air and Liquid Processing (ALP), which includes Aerofin, Buffalo Air Handling, and Buffalo Pumps, producing heat exchange coils, air handling systems, and centrifugal pumps.

Ampco-Pittsburgh Corporation has a global presence with manufacturing facilities in the United States, Sweden, and Slovenia, and participates in joint ventures in China. The company has sales offices across North America, Asia, Europe, and the Middle East. The company previously had operations in England, but its U.K. cast roll subsidiary was exited in late 2025.

Ampco-Pittsburgh's brand reputation has been positively influenced by its strategic turnaround efforts and strong performance in certain segments. The divestiture of its UK cast roll operations is expected to generate annual savings. The Air and Liquid Processing segment has seen record sales and order intake, particularly from the nuclear, military, and pharmaceutical sectors. The company achieved an improvement in operating income due to strategic actions and new equipment, contributing to a more positive perception of the company's financial health and operational efficiency.

Ampco-Pittsburgh Corporation's ownership is a mix of institutional, insider, and individual investors. As of July 18, 2025, institutional investors held 47.51% of the company's stock, while insider ownership accounted for 25.82%. More recent data from May 8, 2026, indicates that institutional investors hold approximately 42.78% of shares. Major institutional shareholders include GAMCO Investors, Inc., The Louis Berkman Investment Company, and The Vanguard Group, Inc. Key individual insider shareholders include Mr. J. Brett McBrayer, Mr. Michael G. McAuley, and Mr. Samuel C. Lyon.