Cambridge Investment Research Advisors Inc. grew its position in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,431 shares of the industrial products company’s stock after buying an additional 2,720 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Manitowoc Company, Inc. (The) were worth $207,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Manitowoc Company, Inc. (The) by 33.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after buying an additional 1,771,886 shares during the last quarter. Stifel Financial Corp bought a new position in Manitowoc Company, Inc. (The) during the 1st quarter worth approximately $213,000. Ameriprise Financial Inc. lifted its holdings in Manitowoc Company, Inc. (The) by 8.7% during the 1st quarter. Ameriprise Financial Inc. now owns 26,318 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,117 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Manitowoc Company, Inc. (The) by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 729,204 shares of the industrial products company’s stock worth $4,155,000 after buying an additional 45,461 shares during the last quarter. Finally, Invictus RG bought a new position in Manitowoc Company, Inc. (The) during the 1st quarter worth approximately $190,000. 80.98% of the stock is currently owned by institutional investors.

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MTW has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $9.50 target price (up previously from $8.00) on shares of Manitowoc Company, Inc. (The) in a report on Wednesday, August 9th. BidaskClub raised Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, September 11th. TheStreet raised Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a report on Monday, August 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $6.25 target price on shares of Manitowoc Company, Inc. (The) in a report on Tuesday, July 4th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.35.

Shares of Manitowoc Company, Inc. (NYSE MTW) opened at 8.35 on Friday. The firm’s 50-day moving average price is $7.78 and its 200 day moving average price is $6.33. The company’s market cap is $1.17 billion. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $8.43.

Manitowoc Company, Inc. (The) (NYSE:MTW) last released its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $396.44 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was down 13.8% compared to the same quarter last year. On average, equities analysts predict that Manitowoc Company, Inc. will post ($0.14) EPS for the current fiscal year.

Manitowoc Company, Inc. (The) Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

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