Wall Street Zen upgraded shares of Manitowoc (NYSE:MTW – Free Report) from a buy rating to a strong-buy rating in a report released on Sunday morning.
A number of other equities analysts have also weighed in on MTW. Wells Fargo & Company upped their target price on Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, August 13th. Weiss Ratings raised shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Barclays reissued an “underweight” rating and issued a $16.00 price target (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $14.00.
Check Out Our Latest Analysis on Manitowoc
Manitowoc Stock Performance
Manitowoc (NYSE:MTW – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. The business had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, equities research analysts predict that Manitowoc will post 0.68 EPS for the current fiscal year.
Institutional Trading of Manitowoc
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Garner Asset Management Corp purchased a new stake in shares of Manitowoc in the fourth quarter worth approximately $36,000. Quantbot Technologies LP purchased a new position in shares of Manitowoc during the third quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted its position in shares of Manitowoc by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after buying an additional 2,575 shares during the last quarter. State of Wyoming bought a new stake in Manitowoc during the first quarter worth $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Manitowoc during the second quarter worth $84,000. 78.66% of the stock is 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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