NYSE:MTWManitowoc Stock Price, Forecast & News

Manitowoc's stock was trading at $10.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MTW stock has decreased by 7.0% and is now trading at $9.75. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Manitowoc.

Manitowoc is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Manitowoc.

Manitowoc Company Inc (NYSE:MTW) released its quarterly earnings results on Thursday, May, 7th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.10) by $0.08. The industrial products company had revenue of $329.20 million for the quarter, compared to the consensus estimate of $353.73 million. Manitowoc had a return on equity of 9.41% and a net margin of 3.75%. The company's revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. View Manitowoc's earnings history.

Manitowoc shares reverse split on the morning of Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, November 17th 2017. An investor that had 100 shares of Manitowoc stock prior to the reverse split would have 25 shares after the split.

9 analysts have issued 12 month price targets for Manitowoc's stock. Their forecasts range from $10.00 to $20.00. On average, they expect Manitowoc's stock price to reach $14.17 in the next twelve months. This suggests a possible upside of 45.3% from the stock's current price. View analysts' price targets for Manitowoc.

News coverage about MTW stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Manitowoc earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutManitowoc.

Manitowoc saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,510,000 shares, an increase of 7.9% from the April 30th total of 1,400,000 shares. Based on an average daily trading volume, of 631,800 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.4% of the shares of the stock are sold short. View Manitowoc's Current Options Chain.

Some companies that are related to Manitowoc include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Meritor (MTOR), Alamo Group (ALG) and Terex (TEX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitowoc investors own include Welbilt (WBT), Caterpillar (CAT), Gilead Sciences (GILD), Allergan (AGN), Costco Wholesale (COST), Micron Technology (MU), Applied Materials (AMAT), Cisco Systems (CSCO), General Electric (GE) and AT&T (T).

Manitowoc trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTW."

Manitowoc's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.14%), Towle & Co. (4.46%), State Street Corp (2.40%), Schneider Capital Management Corp (1.57%), Geode Capital Management LLC (1.44%) and Morgan Stanley (0.98%). Company insiders that own Manitowoc stock include Aaron H Ravenscroft, Barry Pennypacker, David J Antoniuk and Kenneth W Krueger. View institutional ownership trends for Manitowoc.

MTW stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Deutsche Bank AG, Lodge Hill Capital LLC, Wells Fargo & Company MN, UBS Group AG, Russell Investments Group Ltd., Bank of New York Mellon Corp, and KBC Group NV. View insider buying and selling activity for Manitowoc.

MTW stock was bought by a variety of institutional investors in the last quarter, including Towle & Co., Morgan Stanley, Morgan Stanley, State Street Corp, Fuller & Thaler Asset Management Inc., BNP Paribas Arbitrage SA, Dynamic Technology Lab Private Ltd, and Squarepoint Ops LLC. Company insiders that have bought Manitowoc stock in the last two years include Barry Pennypacker, and Kenneth W Krueger. View insider buying and selling activity for Manitowoc.

Shares of MTW 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.

One share of MTW stock can currently be purchased for approximately $9.75.

Manitowoc has a market capitalization of $336.46 million and generates $1.83 billion in revenue each year. The industrial products company earns $46.60 million in net income (profit) each year or $1.89 on an earnings per share basis. Manitowoc employs 4,900 workers across the globe.

The official website for Manitowoc is www.manitowoccranes.com.

Manitowoc's mailing address is 11270 West Park Place Suite 1000, Milwaukee WI, 53224. The industrial products company can be reached via phone at 414-760-4600 or via email at [email protected]