Manitowoc (NYSE:MTW) Stock Moved Down to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Manitowoc from “strong buy” to “buy,” while the broader analyst consensus remains “sell,” with a $14.00 price target.
• Manitowoc shares recently traded around $21.48, down 4.2%, near the upper end of their 52-week range of $9.93 to $24.00.
• The company exceeded quarterly expectations, reporting $0.46 in earnings per share versus the $0.11 consensus estimate and $594.9 million in revenue, up 10.3% year over year.

Manitowoc (NYSE:MTW - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company raised their price target on Manitowoc from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, August 13th. Barclays reissued an "underweight" rating and issued a $16.00 price objective (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Manitowoc from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Sell" and a consensus price target of $14.00.

Manitowoc Trading Down 4.2%

Shares of NYSE:MTW opened at $21.48 on Friday. The stock's 50-day simple moving average is $21.02 and its two-hundred day simple moving average is $15.75. The stock has a market capitalization of $774.64 million, a price-to-earnings ratio of 39.06 and a beta of 1.74. Manitowoc has a 52-week low of $9.93 and a 52-week high of $24.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 2.11.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.35. The business had revenue of $594.90 million during the quarter, compared to analyst estimates of $564.00 million. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%. Manitowoc's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Analysts expect that Manitowoc will post 1.00 EPS for the current year.

Hedge Funds Weigh In On Manitowoc

A number of institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC grew its holdings in Manitowoc by 4.1% during the second quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company's stock worth $383,000 after acquiring an additional 1,088 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Manitowoc by 5.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company's stock valued at $375,000 after purchasing an additional 1,594 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Manitowoc by 5.1% during the 1st quarter. Sei Investments Co. now owns 56,581 shares of the industrial products company's stock valued at $659,000 after purchasing an additional 2,733 shares in the last quarter. Strong Tower Advisory Services increased its holdings in shares of Manitowoc by 3.2% during the 1st quarter. Strong Tower Advisory Services now owns 95,015 shares of the industrial products company's stock valued at $1,107,000 after purchasing an additional 2,981 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Manitowoc by 10.2% in the 1st quarter. Quantinno Capital Management LP now owns 54,639 shares of the industrial products company's stock valued at $637,000 after purchasing an additional 5,058 shares during the period. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Company Profile

The Manitowoc Company, Inc NYSE: MTW is a global manufacturer of lifting equipment used in construction, infrastructure development, energy, and industrial applications. The company designs and produces a broad range of cranes, including mobile hydraulic cranes, crawler cranes, tower cranes, boom trucks, and related lifting solutions.

Manitowoc markets its products under well-known brands such as Manitowoc, Grove, Potain, National Crane, and Shuttlelift. Its offerings include cranes for assembling and servicing buildings, bridges, power facilities, industrial plants, and other large-scale projects.

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