Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) - Equities research analysts at DA Davidson issued their FY2027 earnings estimates for Columbus McKinnon in a research note issued on Friday, May 30th. DA Davidson analyst M. Summerville expects that the industrial products company will earn $2.85 per share for the year. DA Davidson currently has a "Neutral" rating and a $35.00 price target on the stock. The consensus estimate for Columbus McKinnon's current full-year earnings is $2.69 per share.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The company had revenue of $248.00 million for the quarter, compared to the consensus estimate of $250.05 million. Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. Columbus McKinnon's revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share.
Separately, Wall Street Zen lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.
Get Our Latest Research Report on CMCO
Columbus McKinnon Trading Down 0.2%
Shares of CMCO stock traded down $0.03 during mid-day trading on Monday, reaching $14.85. The company's stock had a trading volume of 655,687 shares, compared to its average volume of 370,436. The company's 50 day simple moving average is $15.19 and its 200-day simple moving average is $25.08. Columbus McKinnon has a 12-month low of $11.78 and a 12-month high of $41.05. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $425.19 million, a PE ratio of 45.00 and a beta of 1.33.
Columbus McKinnon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were given a $0.07 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.89%. Columbus McKinnon's dividend payout ratio is presently -164.71%.
Insider Activity at Columbus McKinnon
In other news, Director Kathryn V. Bohl acquired 2,819 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the transaction, the director now directly owns 14,812 shares in the company, valued at $266,467.88. This trade represents a 23.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 4,819 shares of company stock worth $79,634 in the last ninety days. 1.98% of the stock is owned by insiders.
Institutional Trading of Columbus McKinnon
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its position in shares of Columbus McKinnon by 177.5% in the first quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company's stock worth $21,388,000 after acquiring an additional 808,110 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Columbus McKinnon in the fourth quarter valued at approximately $26,416,000. Heartland Advisors Inc. lifted its stake in Columbus McKinnon by 477.4% in the first quarter. Heartland Advisors Inc. now owns 577,375 shares of the industrial products company's stock valued at $9,775,000 after acquiring an additional 477,375 shares during the last quarter. Palogic Value Management L.P. lifted its stake in Columbus McKinnon by 514.8% in the first quarter. Palogic Value Management L.P. now owns 501,585 shares of the industrial products company's stock valued at $8,492,000 after acquiring an additional 420,000 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Columbus McKinnon by 117.8% in the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after acquiring an additional 398,826 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.
About Columbus McKinnon
(
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Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.
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