The Manitowoc Company, Inc. (NYSE:MTW) Receives Consensus Recommendation of “Strong Sell” from Brokerages

The Manitowoc Company, Inc. (NYSE:MTW) has earned a consensus recommendation of “Strong Sell” from the five research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.50.

MTW has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 price objective (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Weiss Ratings downgraded shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wall Street Zen downgraded shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Barclays cut their price objective on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new position in Manitowoc in the 3rd quarter worth approximately $982,000. Jefferies Financial Group Inc. bought a new position in Manitowoc in the 3rd quarter worth approximately $1,351,000. Principal Financial Group Inc. bought a new position in Manitowoc in the 3rd quarter worth approximately $390,000. CSM Advisors LLC boosted its holdings in Manitowoc by 69.5% in the 3rd quarter. CSM Advisors LLC now owns 143,065 shares of the industrial products company’s stock worth $1,433,000 after buying an additional 58,660 shares during the period. Finally, Skylands Capital LLC bought a new position in Manitowoc in the 3rd quarter worth approximately $432,000. 78.66% of the stock is owned by institutional investors.

Manitowoc Stock Up 0.7%

Manitowoc stock opened at $13.11 on Friday. Manitowoc has a twelve month low of $7.26 and a twelve month high of $15.56. The firm has a 50 day moving average price of $13.29 and a 200-day moving average price of $12.29. The company has a market capitalization of $470.78 million, a P/E ratio of 69.00 and a beta of 1.82. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64.

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