Manitowoc (NYSE:MTW) Reaches New 52-Week High - What's Next?

Key Points

• Manitowoc shares reached a new 52-week high of $23.17 before closing at $22.58, despite trading down 0.8% in the session.
• The company exceeded quarterly expectations, reporting $0.46 in EPS versus the $0.11 consensus estimate and $594.9 million in revenue, up 10.3% year over year.
• Analysts remain cautious: MTW has a consensus “Sell” rating and an average price target of $14, well below its current trading level. Institutional investors own approximately 78.7% of outstanding shares.

The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $23.17 and last traded at $22.5780, with a volume of 407719 shares traded. The stock had previously closed at $22.76.

Analyst Ratings Changes

A number of research analysts have weighed in on MTW shares. Wall Street Zen raised shares of Manitowoc from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Wells Fargo & Company raised their target price on shares of Manitowoc from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Manitowoc from a "sell (d+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, Barclays reaffirmed an "underweight" rating and set a $16.00 price target (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Sell" and an average price target of $14.00.

Manitowoc Stock Down 0.8%

The firm has a market capitalization of $814.16 million, a PE ratio of 41.05 and a beta of 1.77. The firm's 50 day moving average price is $18.09 and its two-hundred day moving average price is $14.52. The company has a quick ratio of 0.75, a current ratio of 2.11 and a debt-to-equity ratio of 0.66.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly 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. The firm 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 3.86%. The firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. As a group, research analysts forecast that The Manitowoc Company, Inc. will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Manitowoc during the second quarter worth approximately $102,000. Squarepoint Ops LLC raised its holdings in Manitowoc by 4.1% in the second quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company's stock valued at $383,000 after acquiring an additional 1,088 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Manitowoc in the second quarter valued at $449,000. Front Street Capital Management Inc. acquired a new stake in Manitowoc in the second quarter valued at $44,547,000. Finally, Bank of New York Mellon Corp bought a new position in Manitowoc during the 2nd quarter valued at $1,717,000. Institutional investors and hedge funds own 78.66% of the company's stock.

About Manitowoc

The Manitowoc Company, Inc NYSE: MTW is a global manufacturer of cranes and related lifting equipment. Its products are used in construction, infrastructure development, energy, industrial, and other applications that require the movement and placement of heavy materials.

The company's product portfolio includes tower cranes, mobile hydraulic cranes, crawler cranes, and boom trucks. Its principal brands include Manitowoc, Potain, Grove, and National Crane. Manitowoc also provides crane parts, maintenance, technical support, and other aftermarket services to help customers operate and maintain their equipment.

Founded in 1902 in Manitowoc, Wisconsin, the company has developed an international presence serving customers through manufacturing, sales, distribution, and service operations across North America, Europe, Asia, and other global markets.

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