The Manitowoc Company, Inc. (NYSE:MTW – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.01 and traded as high as $14.31. Manitowoc shares last traded at $13.9180, with a volume of 257,993 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MTW. Barclays reduced their price objective on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a research report on Wednesday, May 20th. Finally, Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One 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 presently has a consensus rating of “Strong Sell” and an average price target of $10.33.
Get Our Latest Report on Manitowoc
Manitowoc Stock Performance
Manitowoc (NYSE:MTW – Get Free Report) last issued its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.17). The firm had revenue of $494.60 million during the quarter, compared to analyst estimates of $517.00 million. Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, equities analysts anticipate that The Manitowoc Company, Inc. will post 0.68 EPS for the current year.
Insider Activity
In other 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 sale, the director owned 162,672 shares in the company, valued at $1,919,529.60. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.96% of the stock is currently owned by insiders.
Institutional Trading of Manitowoc
Several hedge funds have recently made changes to their positions in MTW. Franklin Resources Inc. raised its holdings in Manitowoc by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 696 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Manitowoc by 5.2% in the first quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,594 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Manitowoc by 6.4% during the 4th quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 2,025 shares during the period. Intech Investment Management LLC lifted its holdings in Manitowoc by 20.9% during the 3rd quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 2,376 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Manitowoc by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares during the period. 78.66% of the stock is currently owned by 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.
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