Insider Selling: Manitowoc (NYSE:MTW) Director Sells 9,000 Shares of Stock

The Manitowoc Company, Inc. (NYSE:MTW) Director Kenneth Krueger sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the sale, the director directly owned 162,672 shares in the company, valued at $1,919,529.60. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Manitowoc Price Performance

Manitowoc stock traded up $0.04 during trading hours on Thursday, hitting $11.71. 165,978 shares of the stock were exchanged, compared to its average volume of 255,379. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10. The stock has a market capitalization of $420.58 million, a P/E ratio of 58.56 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. The business’s 50-day moving average is $12.52 and its two-hundred day moving average is $12.72.

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

Analyst Ratings Changes

MTW has been the topic of several research analyst reports. Barclays decreased their price target on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Wall Street Zen cut shares of Manitowoc from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and an average target price of $10.33.

Hedge Funds Weigh In On Manitowoc

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Manitowoc by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 696 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Manitowoc by 5.2% in the first quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 1,594 shares during the last quarter. Deutsche Bank AG boosted its stake in Manitowoc by 6.4% in the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock valued at $406,000 after acquiring an additional 2,025 shares during the last quarter. Intech Investment Management LLC boosted its stake in Manitowoc by 20.9% in the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock valued at $138,000 after acquiring an additional 2,376 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 acquiring an additional 2,575 shares during the last quarter. 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.