The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.27 and last traded at $20.25, with a volume of 464862 shares. The stock had previously closed at $19.46.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Manitowoc from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Manitowoc from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, Barclays reiterated an "underweight" rating and issued a $16.00 price objective (up from $11.00) on shares of Manitowoc in a report on Monday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell" and a consensus target price of $13.00.
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Manitowoc Stock Performance
The firm's 50-day moving average price is $13.70 and its two-hundred day moving average price is $13.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10. The stock has a market cap of $730.26 million, a price-to-earnings ratio of 36.82 and a beta of 1.72.
Manitowoc (NYSE:MTW - Get Free Report) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.35. The company had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. Manitowoc's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, analysts expect that The Manitowoc Company, Inc. will post 0.68 EPS for the current fiscal year.
Insider Activity
In other news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the sale, the director owned 162,672 shares of the company's stock, valued at approximately $1,919,529.60. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.96% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Manitowoc
Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in Manitowoc in the 2nd quarter valued at about $1,717,000. Assenagon Asset Management S.A. lifted its position in Manitowoc by 100.2% in the second quarter. Assenagon Asset Management S.A. now owns 126,284 shares of the industrial products company's stock valued at $1,754,000 after buying an additional 63,215 shares during the last quarter. Front Street Capital Management Inc. boosted its stake in Manitowoc by 1.8% during the first quarter. Front Street Capital Management Inc. now owns 3,321,784 shares of the industrial products company's stock worth $38,699,000 after buying an additional 57,761 shares during the period. Royal Bank of Canada boosted its stake in Manitowoc by 55.1% during the first quarter. Royal Bank of Canada now owns 84,508 shares of the industrial products company's stock worth $984,000 after buying an additional 30,019 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Manitowoc by 8.6% during the first quarter. Empowered Funds LLC now owns 224,437 shares of the industrial products company's stock valued at $2,615,000 after acquiring an additional 17,694 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company's stock.
Manitowoc Company Profile
(
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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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