Hsbc Holdings PLC Boosts Holdings in The Manitowoc Company, Inc. $MTW

Hsbc Holdings PLC lifted its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 170.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,393 shares of the industrial products company’s stock after purchasing an additional 43,753 shares during the period. Hsbc Holdings PLC owned about 0.20% of Manitowoc worth $836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MTW. IES Holdings Inc. acquired a new stake in Manitowoc during the 4th quarter valued at $14,688,000. Kennedy Capital Management LLC lifted its holdings in Manitowoc by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock worth $9,815,000 after buying an additional 234,840 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Manitowoc by 28.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock valued at $11,975,000 after buying an additional 222,858 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Manitowoc by 154.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock valued at $4,090,000 after buying an additional 206,313 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Manitowoc by 86.2% during the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock valued at $3,844,000 after acquiring an additional 177,823 shares in the last quarter. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a research report on Wednesday, May 20th. Barclays reduced their price target on Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Finally, Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Sell” and an average price target of $10.33.

Insider Activity at Manitowoc

In other news, Director Kenneth W. Krueger sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the transaction, the director directly owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.96% of the company’s stock.

Manitowoc Trading Up 0.3%

Manitowoc stock opened at $12.76 on Wednesday. The Manitowoc Company, Inc. has a 1 year low of $9.09 and a 1 year high of $15.56. The firm’s 50-day moving average is $12.58 and its 200-day moving average is $12.99. 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 company has a market cap of $458.10 million, a P/E ratio of 63.79 and a beta of 1.72.

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

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.