The Manitowoc Company, Inc. (NYSE:MTW) Given Average Rating of “Strong Sell” by Analysts

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have received an average recommendation of “Strong Sell” from the five analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.00.

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Barclays increased their price objective on Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, February 11th. Wells Fargo & Company restated an “underweight” rating and issued a $10.00 price objective (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Finally, Weiss Ratings lowered shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th.

Manitowoc Stock Performance

MTW opened at $14.75 on Friday. The firm’s fifty day simple moving average is $13.62 and its two-hundred day simple moving average is $11.73. Manitowoc has a 52-week low of $7.06 and a 52-week high of $15.56. The company has a market cap of $523.08 million, a price-to-earnings ratio of 77.62 and a beta of 1.88. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last released its earnings results on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $677.10 million for the quarter, compared to analysts’ expectations of $637.00 million. Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities analysts anticipate that Manitowoc will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Manitowoc

A number of hedge funds have recently bought and sold shares of MTW. Franklin Resources Inc. boosted its holdings in shares of Manitowoc by 3.1% during the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 696 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Manitowoc by 0.5% during the second quarter. Gamco Investors INC. ET AL now owns 375,209 shares of the industrial products company’s stock worth $4,510,000 after buying an additional 1,900 shares in the last quarter. Deutsche Bank AG boosted its stake in Manitowoc by 6.4% during the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock worth $406,000 after buying an additional 2,025 shares during the last quarter. Intech Investment Management LLC grew its holdings in Manitowoc by 20.9% in the 3rd quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock valued at $138,000 after buying an additional 2,376 shares in the last quarter. Finally, Associated Banc Corp increased its stake in shares of Manitowoc by 13.6% in the 3rd quarter. Associated Banc Corp now owns 20,302 shares of the industrial products company’s stock worth $203,000 after acquiring an additional 2,435 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

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.