Manitowoc (NYSE:MTW) Stock Rating Upgraded by Wall Street Zen

Manitowoc (NYSE:MTW) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Several other research analysts have also commented on the company. Wells Fargo & Company boosted their price objective on Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, August 13th. Barclays reaffirmed an “underweight” rating and issued a $16.00 target price (up from $11.00) on shares of Manitowoc in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $14.00.

Manitowoc Trading Down 2.6%

Shares of MTW stock opened at $20.15 on Friday. The company has a market capitalization of $726.61 million, a PE ratio of 36.64 and a beta of 1.72. Manitowoc has a 52-week low of $9.15 and a 52-week high of $21.34. The business’s fifty day moving average is $14.21 and its 200 day moving average is $13.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 2.11.

Manitowoc (NYSE:MTW) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.11 by $0.35. The business had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, equities research analysts anticipate that Manitowoc will post 0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Institutional investors have recently bought and sold shares of the stock. Front Street Capital Management Inc. grew its position in Manitowoc by 1.8% during the 1st quarter. Front Street Capital Management Inc. now owns 3,321,784 shares of the industrial products company’s stock worth $38,699,000 after acquiring an additional 57,761 shares during the last quarter. Vanguard Group Inc. increased its stake in Manitowoc by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock worth $21,412,000 after purchasing an additional 6,043 shares during the period. Dimensional Fund Advisors LP lifted its position in Manitowoc by 0.7% in the first 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 during the last quarter. IES Holdings Inc. bought a new stake in Manitowoc in the fourth quarter valued at approximately $14,688,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Manitowoc by 28.7% during the fourth 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 during the period. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

About Manitowoc

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.