The Manitowoc Company, Inc. (NYSE:MTW) Given Consensus Rating of "Strong Sell" by Brokerages

The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) has been assigned an average rating of "Strong Sell" from the five brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.50.

Several research firms recently issued reports on MTW. Wall Street Zen lowered Manitowoc from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 14th. Weiss Ratings lowered Manitowoc from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, February 20th. Wells Fargo & Company reissued an "underweight" rating and set a $10.00 target price (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Finally, Barclays decreased their target price on Manitowoc from $13.00 to $11.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 1st.

Institutional Investors Weigh In On Manitowoc

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Manitowoc by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company's stock worth $21,412,000 after purchasing an additional 6,043 shares during the period. IES Holdings Inc. purchased a new stake in Manitowoc during the 4th quarter worth about $14,688,000. Charles Schwab Investment Management Inc. increased its holdings in Manitowoc by 28.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company's stock worth $11,975,000 after purchasing an additional 222,858 shares during the period. First Eagle Investment Management LLC increased its holdings in Manitowoc by 2.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 834,869 shares of the industrial products company's stock worth $8,357,000 after purchasing an additional 16,046 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Manitowoc by 40.2% during the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company's stock worth $9,815,000 after purchasing an additional 234,840 shares during the period. Hedge funds and other institutional investors own 78.66% of the company's stock.

Manitowoc Price Performance

MTW opened at $13.32 on Thursday. The stock's 50-day moving average price is $12.89 and its 200 day moving average price is $12.62. Manitowoc has a 12-month low of $7.58 and a 12-month high of $15.56. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The firm has a market cap of $478.14 million, a price-to-earnings ratio of 66.58 and a beta of 1.81.

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

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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