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NASDAQ:CMCO

Columbus McKinnon Stock Forecast, Price & News

$32.92
+0.34 (+1.04 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$32.30
Now: $32.92
$33.22
50-Day Range
$32.06
MA: $35.83
$37.51
52-Week Range
$19.20
Now: $32.92
$42.33
Volume52,170 shs
Average Volume128,582 shs
Market Capitalization$786.20 million
P/E Ratio20.70
Dividend Yield0.74%
Beta1.51
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products 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 overhead steel jib and gantry cranes, and overhead aluminum light rail workstations under the CES, Abell-Howe, and Washington Equipment brands. Further, the company provides DC high-performance elevator drives, AC drives, and regenerative controls; and tire shredders. The company sells its products through its sales force and independent distributors. Columbus McKinnon Corporation was founded in 1875 and is headquartered in Getzville, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.94 out of 5 stars


Industry, Sector and Symbol

Industry Construction machinery
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:CMCO
CUSIP19933310
Phone716-689-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$809.16 million
Cash Flow$4.00 per share
Book Value$19.56 per share

Profitability

Net Income$59.67 million

Miscellaneous

Employees2,997
Market Cap$786.20 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$32.92
+0.34 (+1.04 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Columbus McKinnon (NASDAQ:CMCO) Frequently Asked Questions

How has Columbus McKinnon's stock price 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. Since then, CMCO shares have increased by 19.2% and is now trading at $32.92.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Columbus McKinnon?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Columbus McKinnon
.

When is Columbus McKinnon's next earnings date?

Columbus McKinnon is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Columbus McKinnon
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Corp. (NASDAQ:CMCO) posted its quarterly earnings data on Thursday, July, 30th. The industrial products company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.00 by $0.07. The industrial products company earned $139.07 million during the quarter, compared to analyst estimates of $135.09 million. Columbus McKinnon had a net margin of 5.18% and a return on equity of 10.35%.
View Columbus McKinnon's earnings history
.

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

Columbus McKinnon announced a quarterly dividend on Monday, July 20th. Investors of record on Friday, August 7th will be paid a dividend of $0.06 per share on Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 6th.
View Columbus McKinnon's dividend history
.

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

Columbus McKinnon issued an update on its second quarter 2021 Pre-Market earnings guidance on Thursday, July, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $150-160 million, compared to the consensus revenue estimate of $154.85 million.

What price target have analysts set for CMCO?

6 brokers have issued 1-year price targets for Columbus McKinnon's stock. Their forecasts range from $35.00 to $42.00. On average, they expect Columbus McKinnon's share price to reach $38.50 in the next year. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Columbus McKinnon
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a decline in short interest in August. As of August 14th, there was short interest totaling 332,000 shares, a decline of 12.6% from the July 30th total of 379,800 shares. Based on an average daily trading volume, of 120,700 shares, the short-interest ratio is presently 2.8 days. Currently, 1.5% of the company's stock are sold short.
View Columbus McKinnon's Short Interest
.

Who are some of Columbus McKinnon's key competitors?

What other stocks do shareholders of Columbus McKinnon own?

Who are Columbus McKinnon's key executives?

Columbus McKinnon's management team includes the following people:
  • Mr. Mark D. Morelli, Pres, CEO & Director (Age 55)
  • Mr. Gregory P. Rustowicz, VP of Fin. & CFO (Age 59)
  • Mr. Alan S. Korman, VP of Corp. Devel., Gen. Counsel & CHRO (Age 58)
  • Mr. Jon Adams, Treasurer

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.83%), Goldman Sachs Group Inc. (4.20%), FMR LLC (4.04%), Nuveen Asset Management LLC (1.24%), Victory Capital Management Inc. (1.11%) and Principal Financial Group Inc. (1.03%). 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 Goldman Sachs Group Inc., Marshall Wace LLP, Foundry Partners LLC, Nuveen Asset Management LLC, New York State Common Retirement Fund, Vanguard Group Inc., Skylands Capital LLC, and AQR Capital Management LLC. Company insiders that have sold Columbus McKinnon company stock in the last year include Alan S Korman, Kurt F Wozniak, Mark D Morelli, Mark R Paradowski, and Peter M Mccormick.
View insider buying and selling activity for Columbus McKinnon
.

Which institutional investors are buying Columbus McKinnon stock?

CMCO stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of Montreal Can, FMR LLC, Euclidean Technologies Management LLC, Charles Schwab Investment Management Inc., First Republic Investment Management Inc., Bank of America Corp DE, and Swiss National Bank.
View insider buying and selling activity for Columbus McKinnon
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Columbus McKinnon's stock price today?

One share of CMCO stock can currently be purchased for approximately $32.92.

How big of a company is Columbus McKinnon?

Columbus McKinnon has a market capitalization of $786.20 million 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. 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.

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 9/27/2020 by MarketBeat.com Staff

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