Heartland Advisors Inc. lifted its position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 477.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 577,375 shares of the industrial products company's stock after buying an additional 477,375 shares during the quarter. Heartland Advisors Inc. owned approximately 2.02% of Columbus McKinnon worth $9,775,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Columbus McKinnon during the 4th quarter worth $14,799,000. Bernzott Capital Advisors increased its stake in shares of Columbus McKinnon by 315.0% during the first quarter. Bernzott Capital Advisors now owns 419,670 shares of the industrial products company's stock worth $7,105,000 after buying an additional 318,537 shares during the period. Invesco Ltd. increased its stake in shares of Columbus McKinnon by 207.9% during the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock worth $16,952,000 after buying an additional 307,355 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Columbus McKinnon by 37.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock worth $16,513,000 after buying an additional 266,020 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Columbus McKinnon by 13.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company's stock worth $57,646,000 after buying an additional 184,615 shares during the period. Hedge funds and other institutional investors own 95.96% of the company's stock.
Columbus McKinnon Stock Up 1.2%
CMCO stock opened at $16.17 on Friday. The company's 50 day moving average price is $15.67 and its 200 day moving average price is $19.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.04 and a current ratio of 1.81. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The firm has a market capitalization of $463.92 million, a price-to-earnings ratio of -95.12 and a beta of 1.28.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its 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. Columbus McKinnon had a negative net margin of 0.53% and a positive return on equity of 8.13%. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $250.05 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The business's quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.
Columbus McKinnon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. Columbus McKinnon's dividend payout ratio is currently -164.71%.
Columbus McKinnon Company Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Columbus McKinnon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbus McKinnon wasn't on the list.
While Columbus McKinnon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
