LSV Asset Management Has $365,000 Stake in The Manitowoc Company, Inc. (NYSE:MTW)

LSV Asset Management decreased its holdings in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 69.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the industrial products company's stock after selling 89,700 shares during the quarter. LSV Asset Management owned about 0.11% of Manitowoc worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in shares of Manitowoc by 207.9% in the fourth quarter. First Eagle Investment Management LLC now owns 589,154 shares of the industrial products company's stock worth $5,379,000 after buying an additional 397,837 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Manitowoc by 93.9% in the fourth quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock worth $4,242,000 after buying an additional 225,090 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Manitowoc by 84.5% in the fourth quarter. JPMorgan Chase & Co. now owns 228,645 shares of the industrial products company's stock worth $2,088,000 after purchasing an additional 104,709 shares during the period. State Street Corp increased its stake in Manitowoc by 8.1% in the 3rd quarter. State Street Corp now owns 852,093 shares of the industrial products company's stock worth $8,197,000 after buying an additional 64,101 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in Manitowoc in the 4th quarter worth approximately $497,000. Institutional investors own 78.66% of the company's stock.

Manitowoc Price Performance

Shares of MTW traded down $0.23 during mid-day trading on Monday, hitting $7.36. 16,618 shares of the company were exchanged, compared to its average volume of 285,079. The stock has a market cap of $260.85 million, a price-to-earnings ratio of 4.76 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97. The Manitowoc Company, Inc. has a 1-year low of $7.06 and a 1-year high of $13.46. The company has a 50 day moving average of $9.32 and a 200-day moving average of $9.58.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. Analysts expect that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price target on Manitowoc from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Manitowoc currently has an average rating of "Hold" and a consensus target price of $10.66.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.