NASDAQ:CMCO

Columbus McKinnon Stock Forecast, Price & News

$53.88
+1.06 (+2.01 %)
(As of 04/15/2021 12:00 AM ET)
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Today's Range
$52.54
Now: $53.88
$54.16
50-Day Range
$49.40
MA: $52.49
$54.31
52-Week Range
$21.52
Now: $53.88
$57.06
Volume71,227 shs
Average Volume101,523 shs
Market Capitalization$1.29 billion
P/E Ratio73.81
Dividend Yield0.45%
Beta1.51
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys. The company also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices. In addition, it offers power and motion control systems, which comprise AC and DC drive systems, radio remote controls, push button pendant stations, brakes, collision avoidance, and power delivery subsystems, as well as AC and DC digital motion control systems for underground coal mining equipment; industrial components, including mechanical and electromechanical actuators and rotary unions; and DC high-performance elevator drives, AC drives, and regenerative controls. Further, the company offers automated workstation crane under the ProPath brand name. Columbus McKinnon Corporation distributes its products through its sales force and independent distributors. The company was founded in 1875 and is headquartered in Getzville, New York.
Columbus McKinnon logo

Industry, Sector and Symbol

Industry Construction machinery
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:CMCO
CUSIP19933310
Phone716-689-5400
Employees2,997
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$809.16 million
Cash Flow$5.51 per share
Book Value$19.56 per share

Profitability

Net Income$59.67 million

Miscellaneous

Market Cap$1.29 billion
Next Earnings Date5/26/2021 (Estimated)
OptionableOptionable

Headlines

Columbus McKinnon (NASDAQ:CMCO) Shares Gap Up to $51.12
March 31, 2021 |  americanbankingnews.com
Top Ranked Momentum Stocks to Buy for March 15th
March 15, 2021 |  finance.yahoo.com
Columbus McKinnon: Making Progress
March 11, 2021 |  seekingalpha.com
Columbus McKinnon to buy Wisconsin company
March 2, 2021 |  bizjournals.com
EQT Private Equity To Sell Dorner To Columbus McKinnon For $485 Mln
March 1, 2021 |  markets.businessinsider.com
See More Headlines

MarketRank

Overall MarketRank

1.80 out of 5 stars

Industrial Products Sector

70th out of 398 stocks

Construction Machinery Industry

3rd out of 11 stocks

Analyst Opinion: 1.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$53.88
+1.06 (+2.01 %)
(As of 04/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Columbus McKinnon (NASDAQ:CMCO) Frequently Asked Questions

Is Columbus McKinnon a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Columbus McKinnon stock.
View analyst ratings for Columbus McKinnon
or view top-rated stocks.

What stocks does MarketBeat like better than Columbus McKinnon?

Wall Street analysts have given Columbus McKinnon a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Columbus McKinnon wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Columbus McKinnon's next earnings date?

Columbus McKinnon is scheduled to release its next quarterly earnings announcement on Wednesday, May 26th 2021.
View our earnings forecast for Columbus McKinnon
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) announced its quarterly earnings results on Wednesday, January, 27th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.10. The industrial products company had revenue of $166.55 million for the quarter, compared to analysts' expectations of $157.30 million. Columbus McKinnon had a trailing twelve-month return on equity of 8.20% and a net margin of 2.54%.
View Columbus McKinnon's earnings history
.

How has Columbus McKinnon's stock been impacted by Coronavirus (COVID-19)?

Columbus McKinnon's stock was trading at $27.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CMCO stock has increased by 95.1% and is now trading at $53.88.
View which stocks have been most impacted by COVID-19
.

How often does Columbus McKinnon pay dividends? What is the dividend yield for Columbus McKinnon?

Columbus McKinnon declared a quarterly dividend on Monday, March 22nd. Investors of record on Monday, May 3rd will be given a dividend of $0.06 per share on Thursday, May 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, April 30th.
View Columbus McKinnon's dividend history
.

Is Columbus McKinnon a good dividend stock?

Columbus McKinnon pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.45%. Columbus McKinnon does not yet have a strock track record of dividend growth. The dividend payout ratio of Columbus McKinnon is 8.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Columbus McKinnon will have a dividend payout ratio of 12.70% next year. This indicates that Columbus McKinnon will be able to sustain or increase its dividend.
View Columbus McKinnon's dividend history.

What guidance has Columbus McKinnon issued on next quarter's earnings?

Columbus McKinnon issued an update on its fourth quarter 2021 Pre-Market earnings guidance on Thursday, January, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $175-180 million, compared to the consensus revenue estimate of $165.77 million.

What price target have analysts set for CMCO?

3 analysts have issued twelve-month target prices for Columbus McKinnon's stock. Their forecasts range from $49.00 to $67.00. On average, they anticipate Columbus McKinnon's stock price to reach $56.50 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Columbus McKinnon
or view top-rated stocks among Wall Street analysts.

Who are Columbus McKinnon's key executives?

Columbus McKinnon's management team includes the following people:
  • Mr. Gregory P. Rustowicz, VP of Fin., Treasurer & CFO (Age 61, Pay $808.04k)
  • Mr. Alan S. Korman, VP of Corp. Devel., Gen. Counsel, Corp. Sec. & CHRO (Age 60, Pay $640.5k)
  • Mr. Peter M. McCormick, VP of Crane Solutions (Age 61, Pay $628.96k)
  • Mr. David J. Wilson, Pres, CEO & Director (Age 52)
  • Ms. Lynn Bostrom, Director of Global Marketing
  • Mr. Appal Chintapalli, VP of Engineered Products

What is David J. Wilson's approval rating as Columbus McKinnon's CEO?

2 employees have rated Columbus McKinnon CEO David J. Wilson on Glassdoor.com. David J. Wilson has an approval rating of 50% among Columbus McKinnon's employees. This puts David J. Wilson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Columbus McKinnon's key competitors?

What other stocks do shareholders of Columbus McKinnon own?

What is Columbus McKinnon's stock symbol?

Columbus McKinnon trades on the NASDAQ under the ticker symbol "CMCO."

Who are Columbus McKinnon's major shareholders?

Columbus McKinnon's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.02%). Company insiders that own Columbus McKinnon stock include Alan S Korman, Benjamin Auyeung, Gregory P Rustowicz, Kurt F Wozniak, Mark D Morelli, Mark R Paradowski and Peter M Mccormick.
View institutional ownership trends for Columbus McKinnon
.

Which institutional investors are selling Columbus McKinnon stock?

CMCO stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have sold Columbus McKinnon company stock in the last year include Gregory P Rustowicz, Mark R Paradowski, and Peter M Mccormick.
View insider buying and selling activity for Columbus McKinnon
or view top insider-selling stocks.

How do I buy shares of Columbus McKinnon?

Shares of CMCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Columbus McKinnon's stock price today?

One share of CMCO stock can currently be purchased for approximately $53.88.

How much money does Columbus McKinnon make?

Columbus McKinnon has a market capitalization of $1.29 billion and generates $809.16 million in revenue each year. The industrial products company earns $59.67 million in net income (profit) each year or $2.78 on an earnings per share basis.

How many employees does Columbus McKinnon have?

Columbus McKinnon employs 2,997 workers across the globe.

What is Columbus McKinnon's official website?

The official website for Columbus McKinnon is www.cmworks.com.

Where are Columbus McKinnon's headquarters?

Columbus McKinnon is headquartered at 205 CROSSPOINT PARKWAY, GETZVILLE NY, 14068.

How can I contact Columbus McKinnon?

Columbus McKinnon's mailing address is 205 CROSSPOINT PARKWAY, GETZVILLE NY, 14068. The industrial products company can be reached via phone at 716-689-5400 or via email at [email protected]


This page was last updated on 4/16/2021 by MarketBeat.com Staff
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