Manitowoc (NYSE:MTW) Shares Gap Down – What’s Next?

The Manitowoc Company, Inc. (NYSE:MTW) shares gapped down prior to trading on Wednesday . The stock had previously closed at $20.19, but opened at $19.30. Manitowoc shares last traded at $19.0540, with a volume of 45,958 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on MTW shares. Barclays reissued an “underweight” rating and issued a $16.00 price target (up from $11.00) on shares of Manitowoc in a research note on Monday, August 10th. Weiss Ratings raised Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Wells Fargo & Company lifted their price target on shares of Manitowoc from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $14.00.

Manitowoc Stock Performance

The company has a quick ratio of 0.75, a current ratio of 2.11 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $14.35 and its two-hundred day moving average is $13.45. The firm has a market capitalization of $692.03 million, a price-to-earnings ratio of 34.82 and a beta of 1.72.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Manitowoc by 19.0% during the 1st quarter. AQR Capital Management LLC now owns 290,452 shares of the industrial products company’s stock worth $2,495,000 after purchasing an additional 46,324 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Manitowoc by 26.0% during the first quarter. Goldman Sachs Group Inc. now owns 273,121 shares of the industrial products company’s stock worth $2,346,000 after purchasing an additional 56,336 shares during the period. Caxton Associates LLP acquired a new stake in shares of Manitowoc in the first quarter valued at approximately $112,000. Empowered Funds LLC boosted its stake in shares of Manitowoc by 7.3% in the first quarter. Empowered Funds LLC now owns 190,140 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 13,001 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Manitowoc by 49.4% during the second quarter. JPMorgan Chase & Co. now owns 364,915 shares of the industrial products company’s stock worth $4,386,000 after buying an additional 120,658 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

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.