Manitowoc (NYSE:MTW) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded Manitowoc from “hold” to “buy,” though Weiss Ratings maintained a “sell (D+)” view. Overall analyst sentiment remains “Strong Sell,” with a consensus price target of $10.33.
• Manitowoc reported quarterly EPS of $0.46, beating the $0.11 estimate, while revenue rose 10.3% year over year to $594.9 million, above expectations.
• Shares opened at $18.84, near the company’s 12-month high of $19.80; institutional investors own 78.66% of the stock, while a director recently sold 9,000 shares.

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

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Manitowoc in a report on Wednesday, May 20th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Strong Sell" and a consensus price target of $10.33.

Manitowoc Stock Performance

Shares of NYSE:MTW opened at $18.84 on Friday. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $13.24 and a 200-day moving average price of $13.13. The company has a market cap of $676.47 million, a price-to-earnings ratio of 34.25 and a beta of 1.72. Manitowoc has a 12 month low of $9.09 and a 12 month high of $19.80.

Manitowoc (NYSE:MTW - Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.35. Manitowoc had a return on equity of 3.88% and a net margin of 0.87%.The company had revenue of $594.90 million for the quarter, compared to analysts' expectations of $564.00 million. During the same period last year, the firm earned $0.08 earnings per share. Manitowoc's quarterly revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. As a group, equities analysts anticipate that Manitowoc will post 0.68 EPS for the current year.

Insider Transactions at Manitowoc

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total value of $106,200.00. Following the completion of the transaction, the director owned 162,672 shares in the company, valued at approximately $1,919,529.60. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.96% of the company's stock.

Institutional Trading of Manitowoc

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Garner Asset Management Corp purchased a new position in Manitowoc during the 4th quarter valued at about $36,000. Quantbot Technologies LP purchased a new stake in Manitowoc in the third quarter worth about $47,000. Tower Research Capital LLC TRC grew its holdings in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company's stock worth $55,000 after purchasing an additional 2,575 shares during the period. State of Wyoming bought a new position in Manitowoc during the 1st quarter valued at approximately $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Manitowoc during the second quarter valued at $84,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

About Manitowoc

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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