Manitowoc (NYSE:MTW) Announces Earnings Results

Manitowoc (NYSE:MTW) released its quarterly earnings data on Thursday. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.35, Zacks reports. The firm had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. Manitowoc updated its FY 2026 guidance to 0.800-1.200 EPS.

Manitowoc Stock Performance

MTW stock traded up $4.63 during midday trading on Friday, reaching $18.84. The stock had a trading volume of 1,344,994 shares, compared to its average volume of 219,409. The firm has a fifty day simple moving average of $13.24 and a two-hundred day simple moving average of $13.13. The stock has a market cap of $676.47 million, a PE ratio of 34.25 and a beta of 1.72. Manitowoc has a 52-week low of $9.09 and a 52-week high of $19.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10.

Insider Buying and Selling at Manitowoc

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total value of $106,200.00. Following the sale, 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 this link. 3.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its position in shares of Manitowoc by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after buying an additional 696 shares during the last quarter. Deutsche Bank AG lifted its position 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 in the last quarter. 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Manitowoc by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,179 shares of the industrial products company’s stock worth $578,000 after purchasing an additional 2,741 shares during the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTW shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Manitowoc from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Sell” and an average target price of $10.33.

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.