Manitowoc (NYSE:MTW) Director Sells $106,200.00 in Stock

The Manitowoc Company, Inc. (NYSE:MTW) Director Kenneth Krueger sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total value of $106,200.00. Following the completion of the transaction, the director directly owned 162,672 shares in the company, valued at approximately $1,919,529.60. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Manitowoc Stock Performance

Shares of MTW stock opened at $11.58 on Friday. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $12.72. The company has a market cap of $415.66 million, a price-to-earnings ratio of 57.88 and a beta of 1.81. The Manitowoc Company, Inc. has a 12-month low of $9.09 and a 12-month high of $15.56.

Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The business had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $517.00 million. During the same quarter last year, the firm earned ($0.16) earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities analysts forecast that The Manitowoc Company, Inc. will post 0.68 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on MTW. Wall Street Zen downgraded Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday. Finally, Barclays reduced their target price on Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $10.33.

Hedge Funds Weigh In On Manitowoc

Several hedge funds have recently bought and sold shares of the company. Front Street Capital Management Inc. increased its stake in Manitowoc by 1.8% in the 1st quarter. Front Street Capital Management Inc. now owns 3,321,784 shares of the industrial products company’s stock valued at $38,699,000 after purchasing an additional 57,761 shares in the last quarter. Vanguard Group Inc. increased its stake in Manitowoc by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock valued at $21,412,000 after purchasing an additional 6,043 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Manitowoc by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,938,750 shares of the industrial products company’s stock worth $22,586,000 after buying an additional 12,863 shares in the last quarter. IES Holdings Inc. purchased a new position in Manitowoc during the fourth quarter worth $14,688,000. Finally, Charles Schwab Investment Management Inc. increased its position in Manitowoc by 28.7% during the fourth 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 in the last quarter. 78.66% of the stock is owned by hedge funds and other institutional investors.

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.