Manitowoc (NYSE:MTW) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Manitowoc (NYSE:MTW) from a buy rating to a strong-buy rating in a report published on Sunday morning.

A number of other research firms also recently issued reports on MTW. Barclays reaffirmed an “underweight” rating and set a $16.00 price objective (up from $11.00) on shares of Manitowoc in a report on Monday, August 10th. Weiss Ratings raised shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their price target on shares of Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $14.00.

Manitowoc Stock Up 0.1%

MTW stock opened at $20.70 on Friday. The stock’s 50 day simple moving average is $14.04 and its 200 day simple moving average is $13.36. Manitowoc has a fifty-two week low of $9.09 and a fifty-two week high of $21.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 2.11. The company has a market cap of $746.48 million, a P/E ratio of 37.64 and a beta of 1.72.

Manitowoc (NYSE:MTW) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a net margin of 0.87% and a return on equity of 3.86%. The firm had revenue of $594.90 million for the quarter, compared to analyst estimates of $564.00 million. During the same period last year, the firm earned $0.08 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, research analysts expect that Manitowoc will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Manitowoc

In related news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc 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 sale, the director owned 162,672 shares of the company’s stock, 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 can be accessed through this hyperlink. Company insiders own 3.96% of the company’s stock.

Hedge Funds Weigh In On Manitowoc

Several institutional investors and hedge funds have recently bought and sold shares of MTW. Garner Asset Management Corp bought a new stake in Manitowoc in the 4th quarter valued at about $36,000. Quantbot Technologies LP bought a new position in Manitowoc during the third quarter worth about $47,000. Tower Research Capital LLC TRC raised its position in shares of Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares during the period. State of Wyoming bought a new stake in shares of Manitowoc in the first quarter valued at approximately $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Manitowoc during the 2nd quarter valued at approximately $84,000. 78.66% of the stock is owned by 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.