Manitowoc (NYSE:MTW) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Manitowoc (NYSE:MTW) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Manitowoc currently has a consensus rating of “Strong Sell” and an average target price of $10.33.

Manitowoc Trading Up 32.6%

NYSE:MTW opened at $18.84 on Friday. The company has a market cap of $676.47 million, a P/E ratio of 34.25 and a beta of 1.72. Manitowoc has a twelve month low of $9.09 and a twelve month high of $19.80. The business has a 50 day moving average price of $13.24 and a two-hundred day moving average price of $13.13. The company has a quick ratio of 0.72, a current ratio of 2.10 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. The company had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. As a group, analysts expect that Manitowoc will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total value 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 trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Garner Asset Management Corp bought a new position in Manitowoc during the fourth quarter worth $36,000. Tower Research Capital LLC TRC raised its position in shares of Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Manitowoc during the 3rd quarter worth about $47,000. State of Wyoming acquired a new stake in shares of Manitowoc during the 1st quarter worth about $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Manitowoc during the 2nd quarter worth about $84,000. 78.66% of the stock is owned by institutional investors and hedge funds.

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.