The Manitowoc Company, Inc. (NYSE:MTW) Given Consensus Recommendation of “Reduce” by Analysts

The Manitowoc Company, Inc. (NYSE:MTW) has received a consensus recommendation of “Reduce” from the five ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.00.

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Manitowoc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Barclays lifted their target price on Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 price target (up previously from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd.

Institutional Trading of Manitowoc

A number of large investors have recently modified their holdings of MTW. Franklin Resources Inc. increased 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 worth $277,000 after purchasing an additional 696 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Manitowoc by 0.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 375,209 shares of the industrial products company’s stock worth $4,510,000 after buying an additional 1,900 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Manitowoc by 6.4% during the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock valued at $406,000 after buying an additional 2,025 shares during the period. Intech Investment Management LLC increased its stake in shares of Manitowoc by 20.9% during the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock valued at $138,000 after buying an additional 2,376 shares during the period. Finally, Associated Banc Corp raised its holdings in shares of Manitowoc by 13.6% in the third quarter. Associated Banc Corp now owns 20,302 shares of the industrial products company’s stock valued at $203,000 after acquiring an additional 2,435 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Trading Up 2.2%

MTW stock opened at $14.46 on Friday. Manitowoc has a twelve month low of $7.06 and a twelve month high of $15.56. The stock has a market capitalization of $512.72 million, a price-to-earnings ratio of 76.08 and a beta of 1.88. The company has a quick ratio of 0.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $13.45 and its two-hundred day simple moving average is $11.63.

Manitowoc (NYSE:MTW) last released its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $677.10 million for the quarter, compared to analysts’ expectations of $637.00 million. Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.Manitowoc’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, analysts anticipate that Manitowoc will post 0.5 earnings per share for the current year.

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.