Voya Investment Management LLC lifted its position in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 533,738 shares of the industrial products company's stock after purchasing an additional 51,217 shares during the period. Voya Investment Management LLC owned 1.52% of Manitowoc worth $4,873,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Front Street Capital Management Inc. lifted its holdings in shares of Manitowoc by 7.8% in the 4th quarter. Front Street Capital Management Inc. now owns 3,369,583 shares of the industrial products company's stock worth $30,764,000 after buying an additional 243,077 shares during the period. Geode Capital Management LLC raised its holdings in shares of Manitowoc by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company's stock valued at $7,643,000 after purchasing an additional 2,224 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Manitowoc by 61.9% in the 4th quarter. Kennedy Capital Management LLC now owns 608,730 shares of the industrial products company's stock valued at $5,558,000 after purchasing an additional 232,744 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Manitowoc by 207.9% in the 4th quarter. First Eagle Investment Management LLC now owns 589,154 shares of the industrial products company's stock valued at $5,379,000 after purchasing an additional 397,837 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Manitowoc by 93.9% during the fourth quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock valued at $4,242,000 after purchasing an additional 225,090 shares in the last quarter. Institutional investors own 78.66% of the company's stock.
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their target price on Manitowoc from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.66.
Check Out Our Latest Analysis on MTW
Manitowoc Stock Up 4.4 %
Shares of MTW stock traded up $0.36 during trading hours on Friday, reaching $8.50. 378,558 shares of the company's stock were exchanged, compared to its average volume of 288,608. The Manitowoc Company, Inc. has a fifty-two week low of $7.06 and a fifty-two week high of $13.46. The stock's 50 day moving average is $8.69 and its 200-day moving average is $9.47. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The company has a market cap of $301.08 million, a price-to-earnings ratio of 5.48 and a beta of 1.79.
Manitowoc (NYSE:MTW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. Analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current fiscal year.
About Manitowoc
(
Free Report)
The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.
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