Manitowoc (NYSE:MTW) Sets New 1-Year High - Still a Buy?

Key Points

• Manitowoc shares reached a new 52-week high of $24.41, up from the previous close of $23.03, with the stock trading well above its 50-day and 200-day moving averages.
• Despite the rally, analyst sentiment remains cautious: the stock has an average rating of “Sell” and an average price target of $14.00, substantially below its recent trading price.
• Recent operating results were stronger than expected, with quarterly EPS of $0.46 beating estimates of $0.11 and revenue rising 10.3% year over year to $594.9 million. Institutional investors own approximately 78.66% of the company’s shares.

The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) shares reached a new 52-week high on Monday. The company traded as high as $24.41 and last traded at $24.3290, with a volume of 76,865 shares traded. The stock had previously closed at $23.03.

Analyst Upgrades and Downgrades

MTW has been the subject of several analyst reports. Wells Fargo & Company raised their price target 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. Barclays reissued an "underweight" rating and issued a $16.00 price objective (up from $11.00) on shares of Manitowoc in a research note on Monday, August 10th. Weiss Ratings upgraded Manitowoc from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered Manitowoc from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 25th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Sell" and an average price target of $14.00.

Manitowoc Price Performance

The business has a 50 day moving average price of $21.55 and a two-hundred day moving average price of $15.55. The stock has a market cap of $867.78 million, a PE ratio of 43.76 and a beta of 1.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 2.11.

Manitowoc (NYSE:MTW - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.11 by $0.35. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%. The business had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Manitowoc's revenue for the quarter was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Research analysts expect that The Manitowoc Company, Inc. will post 1.00 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Several institutional investors and hedge funds have recently bought and sold shares of MTW. Front Street Capital Management Inc. bought a new position in Manitowoc in the 2nd quarter valued at approximately $44,547,000. Goldstein Advisors LLC boosted its position in Manitowoc by 3,280.8% in the third quarter. Goldstein Advisors LLC now owns 652,493 shares of the industrial products company's stock worth $14,002,000 after purchasing an additional 633,193 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Manitowoc during the 2nd quarter valued at about $1,717,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Manitowoc by 37.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 401,100 shares of the industrial products company's stock valued at $4,673,000 after purchasing an additional 108,347 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Manitowoc by 100.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 126,284 shares of the industrial products company's stock valued at $1,754,000 after purchasing an additional 63,215 shares during the period. 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 cranes and lifting equipment. Its product portfolio includes crawler cranes, tower cranes, mobile telescopic cranes, boom trucks and industrial cranes used in construction, infrastructure, energy and other heavy-lifting applications.

The company markets its equipment under brands including Manitowoc, Potain, Grove, National Crane and Shuttlelift. In addition to new equipment, Manitowoc provides replacement parts, technical support, maintenance services, operator training and other aftermarket solutions intended to support customers throughout the life of their cranes.

Founded in 1902, Manitowoc has historical roots in shipbuilding and marine engineering and later expanded into crane manufacturing and other industrial businesses.

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