Manitowoc (NYSE:MTW) Stock Crosses Above 200-Day Moving Average – What’s Next?

The Manitowoc Company, Inc. (NYSE:MTW) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.13 and traded as high as $12.38. Manitowoc shares last traded at $12.1040, with a volume of 186,038 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on MTW. Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Weiss Ratings downgraded Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wall Street Zen cut Manitowoc from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Barclays raised their price target on Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $11.00.

Manitowoc Trading Up 0.4%

The firm’s 50 day moving average price is $13.60 and its 200-day moving average price is $12.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.23 and a quick ratio of 0.84. The stock has a market cap of $434.63 million, a P/E ratio of 63.71 and a beta of 1.83.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MTW. Vanguard Group Inc. boosted its position in shares of Manitowoc by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock valued at $21,412,000 after buying an additional 6,043 shares during the last quarter. IES Holdings Inc. purchased a new position in Manitowoc in the 4th quarter worth about $14,688,000. Charles Schwab Investment Management Inc. raised its position in Manitowoc by 28.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after buying an additional 222,858 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Manitowoc by 2.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 834,869 shares of the industrial products company’s stock valued at $8,357,000 after acquiring an additional 16,046 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Manitowoc by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 826,240 shares of the industrial products company’s stock valued at $9,934,000 after acquiring an additional 3,569 shares during the period. 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.