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NASDAQ:CMCOColumbus McKinnon Stock Price, Forecast & News

$30.34
+2.26 (+8.05 %)
(As of 05/27/2020 12:00 PM ET)
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Compare
Today's Range
$29.69
Now: $30.34
$30.85
50-Day Range
$20.09
MA: $25.15
$29.09
52-Week Range
$19.20
Now: $30.34
$43.09
Volume4,871 shs
Average Volume131,519 shs
Market Capitalization$719.06 million
P/E Ratio10.35
Dividend Yield0.91%
Beta1.55
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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Columbus McKinnon logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.22 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$876.28 million
Cash Flow$4.95 per share
Book Value$18.46 per share

Profitability

Net Income$42.58 million

Miscellaneous

Employees3,128
Market Cap$719.06 million
Next Earnings Date5/27/2020 (Confirmed)
OptionableOptionable

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Columbus McKinnon (NASDAQ:CMCO) Frequently Asked Questions

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

Columbus McKinnon's stock was trading at $27.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CMCO shares have increased by 9.8% and is now trading at $30.34. View which stocks have been most impacted by Coronavirus.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last year. There are currently 2 hold ratings and 3 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 Wednesday, May 27th 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 results on Tuesday, February, 4th. The industrial products company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The industrial products company earned $199.36 million during the quarter, compared to analyst estimates of $201.24 million. Columbus McKinnon had a return on equity of 15.06% and a net margin of 8.39%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. View Columbus McKinnon's earnings history.

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

Columbus McKinnon declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Monday, May 4th will be given a dividend of $0.06 per share on Thursday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, May 1st. View Columbus McKinnon's dividend history.

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

Columbus McKinnon updated its first quarter 2021 Pre-Market earnings guidance on Wednesday, May, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $149.23 million.

What price target have analysts set for CMCO?

5 brokerages have issued 1-year target prices for Columbus McKinnon's stock. Their forecasts range from $34.00 to $55.00. On average, they anticipate Columbus McKinnon's stock price to reach $41.25 in the next twelve months. This suggests a possible upside of 36.0% from the stock's current price. View analysts' price targets for Columbus McKinnon.

Has Columbus McKinnon been receiving favorable news coverage?

News articles about CMCO stock have been trending very negative on Wednesday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Columbus McKinnon earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutColumbus McKinnon.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 347,000 shares, a decrease of 16.1% from the April 15th total of 413,700 shares. Based on an average trading volume of 137,300 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the company's stock are short sold. View Columbus McKinnon's Current Options Chain.

Who are some of Columbus McKinnon's key competitors?

What other stocks do shareholders of Columbus McKinnon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbus McKinnon investors own include Sangamo Therapeutics (SGMO), Comcast (CMCSA), NVIDIA (NVDA), Verizon Communications (VZ), Advanced Micro Devices (AMD), Alibaba Group (BABA), CenterPoint Energy (CNP), General Motors (GM), IBM (IBM) and Owens-Illinois (OI).

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 BlackRock Inc. (6.99%), Franklin Resources Inc. (3.52%), Aristotle Capital Boston LLC (2.54%), Neumeier Poma Investment Counsel LLC (2.32%), Granahan Investment Management Inc. MA (2.25%) and Systematic Financial Management LP (2.01%). 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 Silvercrest Asset Management Group LLC, Deutsche Bank AG, Neumeier Poma Investment Counsel LLC, Skylands Capital LLC, Bank of New York Mellon Corp, BlackRock Inc., Russell Investments Group Ltd., and JPMorgan Chase & Co.. Company insiders that have sold Columbus McKinnon company stock in the last year include Alan S Korman, Benjamin Auyeung, Gregory P Rustowicz, 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 Franklin Resources Inc., Invesco Ltd., Nuveen Asset Management LLC, Lord Abbett & CO. LLC, Morgan Stanley, Morgan Stanley, BNP Paribas Arbitrage SA, and Ziegler Capital Management LLC. 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 $30.34.

How big of a company is Columbus McKinnon?

Columbus McKinnon has a market capitalization of $719.06 million and generates $876.28 million in revenue each year. The industrial products company earns $42.58 million in net income (profit) each year or $2.74 on an earnings per share basis. Columbus McKinnon employs 3,128 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 5/27/2020 by MarketBeat.com Staff

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