Manitowoc Company Inc (MTW) CFO David J. Antoniuk Purchases 7,000 Shares
Manitowoc Company Inc (NYSE:MTW) CFO David J. Antoniuk bought 7,000 shares of Manitowoc stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average cost of $30.33 per share, for a total transaction of $212,310.00. Following the acquisition, the chief financial officer now owns 31,886 shares of the company’s stock, valued at $967,102.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Manitowoc Company Inc (MTW) traded down $1.14 during mid-day trading on Wednesday, reaching $28.86. 504,986 shares of the company’s stock were exchanged, compared to its average volume of 950,103. The company has a current ratio of 1.76, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. Manitowoc Company Inc has a 12 month low of $21.00 and a 12 month high of $44.03. The firm has a market capitalization of $1,020.00, a PE ratio of 20.04 and a beta of 1.67.
Manitowoc (NYSE:MTW) last released its quarterly earnings data on Thursday, February 8th. The industrial products company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). Manitowoc had a negative return on equity of 1.54% and a net margin of 0.59%. The company had revenue of $481.50 million for the quarter, compared to analyst estimates of $423.27 million. During the same period in the previous year, the business posted ($0.24) EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. equities analysts predict that Manitowoc Company Inc will post 0.51 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new stake in Manitowoc during the fourth quarter worth approximately $129,000. Jefferies Group LLC acquired a new position in shares of Manitowoc in the 4th quarter valued at $225,000. Allianz Asset Management GmbH acquired a new position in shares of Manitowoc in the 4th quarter valued at $227,000. AMP Capital Investors Ltd acquired a new position in shares of Manitowoc in the 4th quarter valued at $252,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Manitowoc in the 4th quarter valued at $448,000. 79.26% of the stock is currently owned by institutional investors.
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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.
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