Manitowoc (NYSE:MTW) Sets New 1-Year High – Still a Buy?

The Manitowoc Company, Inc. (NYSE:MTW)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $21.50 and last traded at $21.40, with a volume of 304043 shares. The stock had previously closed at $20.45.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTW. Weiss Ratings raised shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company upped their price objective on shares of Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, August 13th. Barclays restated an “underweight” rating and set a $16.00 target price (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Manitowoc from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus target price of $14.00.

Manitowoc Price Performance

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 stock has a market capitalization of $771.68 million, a PE ratio of 38.91 and a beta of 1.77. The stock’s 50 day moving average is $15.93 and its two-hundred day moving average is $13.90.

Manitowoc (NYSE:MTW) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. The business had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, equities analysts anticipate that The Manitowoc Company, Inc. will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTW. Garner Asset Management Corp acquired a new stake in shares of Manitowoc during the 4th quarter worth approximately $36,000. Quantbot Technologies LP acquired a new position in shares of Manitowoc in the 3rd quarter worth approximately $47,000. Tower Research Capital LLC TRC boosted its position in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares during the period. State of Wyoming acquired a new stake in Manitowoc in the 1st quarter valued at approximately $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Manitowoc in the 2nd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About Manitowoc

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.