Manitowoc (MTW) Stock Price, News & Analysis

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTW, but not buy additional shares or sell existing shares.
View MTW analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12-month target prices for Manitowoc's stock. Their MTW share price targets range from $15.00 to $22.00. On average, they expect the company's share price to reach $17.33 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
View analysts price targets for MTW or view top-rated stocks among Wall Street analysts.

Manitowoc's stock was trading at $16.69 on January 1st, 2024. Since then, MTW shares have decreased by 23.1% and is now trading at $12.83.
View the best growth stocks for 2024 here.

Manitowoc saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 622,300 shares, a drop of 21.8% from the March 15th total of 795,700 shares. Based on an average trading volume of 268,700 shares, the short-interest ratio is currently 2.3 days. Currently, 1.8% of the shares of the company are sold short.
View Manitowoc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MTW earnings forecast.

The Manitowoc Company, Inc. (NYSE:MTW) issued its quarterly earnings data on Thursday, February, 15th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.23 by $0.14. The industrial products company earned $595.80 million during the quarter, compared to analyst estimates of $583.90 million. Manitowoc had a net margin of 1.76% and a trailing twelve-month return on equity of 9.44%. Manitowoc's quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share.

Manitowoc (NYSE:MTW) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 7.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTW will have a dividend payout ratio of 5.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTW.

First Trust Dow Jones Select Microcap Index Fund holds 94,263 shares of MTW stock, representing 1.03% of its portfolio.

Manitowoc's stock reverse split before market open on Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 17th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Manitowoc issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 0.950-1.550 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

28 employees have rated Manitowoc Chief Executive Officer Glen E. Tellock on Glassdoor.com. Glen E. Tellock has an approval rating of 47% among the company's employees. This puts Glen E. Tellock in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitowoc investors own include Welbilt (WBT), Caterpillar (CAT), Gilead Sciences (GILD), Micron Technology (MU), Wells Fargo & Company (WFC), Costco Wholesale (COST), Allergan (AGN), Applied Materials (AMAT), Cisco Systems (CSCO) and Tesla (TSLA).

Manitowoc's stock is owned by a variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Aaron H Ravenscroft, Anne E Belec, Brian P Regan, John Charles Pfeifer, Kenneth W Krueger and Leslie L Middleton.
View institutional ownership trends.

Shares of MTW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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