Manitowoc (NYSE:MTW) Reaches New 1-Year High Following Strong Earnings

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $19.15 and last traded at $18.6170, with a volume of 127790 shares changing hands. The stock had previously closed at $14.21.

The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The business had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS.

Analysts Set New Price Targets

A number of brokerages recently commented on MTW. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Manitowoc presently has an average rating of “Strong Sell” and a consensus price target of $10.33.

Insiders Place Their Bets

In related news, Director Kenneth W. Krueger sold 9,000 shares of the company’s 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 transaction, the director owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.96% of the company’s stock.

Hedge Funds Weigh In On Manitowoc

A number of hedge funds have recently made changes to their positions in MTW. Tudor Investment Corp ET AL raised its stake in Manitowoc by 67.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 203,758 shares of the industrial products company’s stock valued at $2,040,000 after purchasing an additional 81,864 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Manitowoc by 37.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 401,100 shares of the industrial products company’s stock worth $4,673,000 after acquiring an additional 108,347 shares during the last quarter. Hsbc Holdings PLC grew its stake in Manitowoc by 170.6% during the fourth quarter. Hsbc Holdings PLC now owns 69,393 shares of the industrial products company’s stock valued at $836,000 after acquiring an additional 43,753 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Manitowoc by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock valued at $9,815,000 after acquiring an additional 234,840 shares during the last quarter. Finally, Front Street Capital Management Inc. increased its holdings in Manitowoc by 1.8% in the 1st quarter. Front Street Capital Management Inc. now owns 3,321,784 shares of the industrial products company’s stock valued at $38,699,000 after acquiring an additional 57,761 shares during the last quarter. Institutional investors own 78.66% of the company’s stock.

Manitowoc Stock Performance

The firm has a market cap of $684.55 million, a PE ratio of 94.09 and a beta of 1.72. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $13.09.

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.