Manitowoc (NYSE:MTW) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Manitowoc from buy to hold, adding to a generally bearish analyst backdrop. MarketBeat notes the stock now has a consensus rating of Strong Sell and a consensus target price of $10.50.
• Manitowoc stock fell 3.8% and was trading at $13.11, above its 52-week low of $9.09 but below its high of $15.56. The company has a market cap of about $470.7 million and a high beta of 1.81.
• The company’s latest quarterly results missed earnings and revenue expectations, posting EPS of -$0.13 versus the expected $0.04 and revenue of $494.6 million versus $517 million expected. Manitowoc also issued FY2026 EPS guidance of 0.45 to 0.90.

Manitowoc (NYSE:MTW - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded Manitowoc from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 20th. Wells Fargo & Company restated an "underweight" rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Finally, Barclays reduced their target price on Manitowoc from $13.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Sell" and a consensus target price of $10.50.

Manitowoc Stock Down 3.8%

Shares of NYSE:MTW opened at $13.11 on Friday. Manitowoc has a 1 year low of $9.09 and a 1 year high of $15.56. The company has a market cap of $470.71 million, a PE ratio of 65.54 and a beta of 1.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.84. The stock's 50-day moving average is $12.87 and its 200 day moving average is $12.64.

Manitowoc (NYSE:MTW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.17). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The business had revenue of $494.60 million for the quarter, compared to analysts' expectations of $517.00 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Sell-side analysts anticipate that Manitowoc will post 0.68 EPS for the current year.

Institutional Trading of Manitowoc

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp purchased a new stake in shares of Manitowoc in the 4th quarter worth approximately $36,000. Quantbot Technologies LP purchased a new stake in shares of Manitowoc in the 3rd quarter worth approximately $47,000. Tower Research Capital LLC TRC grew its stake in shares of Manitowoc by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company's stock worth $55,000 after buying an additional 2,575 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Manitowoc in the 2nd quarter worth approximately $84,000. Finally, Caxton Associates LLP purchased a new stake in shares of Manitowoc in the 1st quarter worth approximately $112,000. Hedge funds and other institutional investors own 78.66% of the company's stock.

Manitowoc Company Profile

The Manitowoc Company, Inc NYSE: MTW is a global manufacturer of heavy-lift cranes and lifting equipment. The company's product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.

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