CSM Advisors LLC Purchases 58,660 Shares of The Manitowoc Company, Inc. $MTW

CSM Advisors LLC grew its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 69.5% in the third quarter, Holdings Channel reports. The firm owned 143,065 shares of the industrial products company’s stock after purchasing an additional 58,660 shares during the period. CSM Advisors LLC’s holdings in Manitowoc were worth $1,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTW. Y Intercept Hong Kong Ltd bought a new position in Manitowoc in the 3rd quarter worth about $982,000. Brandywine Global Investment Management LLC bought a new stake in shares of Manitowoc during the 2nd quarter valued at about $748,000. Vise Technologies Inc. bought a new stake in shares of Manitowoc during the 2nd quarter valued at about $335,000. Jefferies Financial Group Inc. purchased a new position in shares of Manitowoc during the third quarter worth about $1,351,000. Finally, Fisher Asset Management LLC increased its position in shares of Manitowoc by 38.7% in the second quarter. Fisher Asset Management LLC now owns 163,163 shares of the industrial products company’s stock worth $1,961,000 after purchasing an additional 45,523 shares during the last quarter. Institutional investors own 78.66% of the company’s stock.

Wall Street Analysts Forecast Growth

MTW has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 target price (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Barclays boosted their price target on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. Wall Street Zen cut shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings downgraded shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Manitowoc has an average rating of “Strong Sell” and a consensus target price of $11.00.

Manitowoc Trading Up 0.1%

Shares of MTW opened at $12.20 on Tuesday. The stock has a market capitalization of $432.77 million, a P/E ratio of 64.21 and a beta of 1.83. The Manitowoc Company, Inc. has a twelve month low of $7.06 and a twelve month high of $15.56. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $13.84 and a two-hundred day simple moving average of $12.05.

Manitowoc (NYSE:MTW) last released its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. Manitowoc had a net margin of 0.32% and a return on equity of 1.71%. Manitowoc’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, research analysts anticipate that The Manitowoc Company, Inc. will post 0.5 EPS for the current year.

Manitowoc 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.