Manitowoc (NYSE:MTW) Rating Lowered to “Buy” at Wall Street Zen

Manitowoc (NYSE:MTW) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on MTW. Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Finally, Barclays lifted their target price on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Manitowoc has a consensus rating of “Reduce” and a consensus price target of $11.00.

Manitowoc Price Performance

Shares of MTW opened at $14.30 on Friday. The company has a 50 day moving average of $13.28 and a two-hundred day moving average of $11.56. The company has a quick ratio of 0.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.70. Manitowoc has a twelve month low of $7.06 and a twelve month high of $15.56. The company has a market cap of $507.24 million, a price-to-earnings ratio of 75.27 and a beta of 1.88.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results 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 business had revenue of $677.10 million for the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 1.73% and a net margin of 0.32%.The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, analysts predict that Manitowoc will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

A number of large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Manitowoc in the 3rd quarter valued at $982,000. Acadian Asset Management LLC raised its holdings in shares of Manitowoc by 55.7% during the second quarter. Acadian Asset Management LLC now owns 389,510 shares of the industrial products company’s stock worth $4,678,000 after purchasing an additional 139,423 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Manitowoc during the second quarter valued at $371,000. Brandywine Global Investment Management LLC purchased a new stake in Manitowoc in the second quarter valued at $748,000. Finally, Vise Technologies Inc. purchased a new stake in Manitowoc in the second quarter valued at $335,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Company 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.