Manitowoc (NYSE:MTW) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Manitowoc (NYSE:MTW) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other research firms also recently issued reports on MTW. Weiss Ratings downgraded shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Wells Fargo & Company reiterated an “underweight” rating and set a $10.00 target price (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Barclays dropped their target price on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Manitowoc currently has an average rating of “Strong Sell” and an average target price of $10.50.

Manitowoc Stock Down 3.8%

Shares of NYSE MTW opened at $13.11 on Friday. The company has a market capitalization of $470.71 million, a P/E ratio of 65.54 and a beta of 1.81. Manitowoc has a 52-week low of $9.09 and a 52-week high of $15.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 2.10. The company’s 50 day moving average price is $12.87 and its 200-day moving average price is $12.64.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17). Manitowoc had a return on equity of 1.85% and a net margin of 0.33%.The firm had revenue of $494.60 million during the quarter, compared to analyst estimates of $517.00 million. During the same quarter last year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities analysts forecast that Manitowoc will post 0.68 earnings per share for the current year.

Institutional Trading of Manitowoc

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Manitowoc by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock valued at $21,412,000 after purchasing an additional 6,043 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Manitowoc by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,938,750 shares of the industrial products company’s stock valued at $22,586,000 after purchasing an additional 12,863 shares in the last quarter. IES Holdings Inc. bought a new stake in Manitowoc during the 4th quarter valued at $14,688,000. Charles Schwab Investment Management Inc. increased its stake in Manitowoc by 28.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock valued at $11,975,000 after purchasing an additional 222,858 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Manitowoc by 2.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 834,869 shares of the industrial products company’s stock valued at $8,357,000 after purchasing an additional 16,046 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.