Manitowoc (NYSE:MTW) Director Kenneth Krueger Sells 9,000 Shares

The Manitowoc Company, Inc. (NYSE:MTW) Director Kenneth Krueger sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the sale, the director owned 162,672 shares in the company, valued at $1,919,529.60. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Manitowoc Stock Performance

Shares of Manitowoc stock opened at $11.71 on Friday. The Manitowoc Company, Inc. has a fifty-two week low of $9.09 and a fifty-two week high of $15.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.72. The firm has a market capitalization of $420.58 million, a P/E ratio of 58.56 and a beta of 1.81. The company’s 50 day moving average price is $12.49 and its two-hundred day moving average price is $12.73.

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

Hedge Funds Weigh In On Manitowoc

Hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in Manitowoc during the third quarter worth $982,000. Tudor Investment Corp ET AL raised its stake in Manitowoc by 67.2% during the third quarter. Tudor Investment Corp ET AL now owns 203,758 shares of the industrial products company’s stock worth $2,040,000 after buying an additional 81,864 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Manitowoc during the third quarter worth $1,351,000. Principal Financial Group Inc. bought a new position in Manitowoc during the third quarter worth $390,000. Finally, CSM Advisors LLC raised its stake in Manitowoc by 69.5% during the third quarter. CSM Advisors LLC now owns 143,065 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 58,660 shares during the last quarter. Institutional investors own 78.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTW. Wells Fargo & Company restated an “underweight” rating and issued a $10.00 target price (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Wall Street Zen lowered shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays cut their price target on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Manitowoc currently has a consensus rating of “Strong Sell” and an average price target of $10.33.

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.