Manitowoc (NYSE:MTW) Announces Earnings Results

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

Manitowoc Price Performance

Shares of NYSE:MTW traded up $4.63 during trading on Friday, reaching $18.84. The company had a trading volume of 1,344,994 shares, compared to its average volume of 219,409. The company has a fifty day moving average of $13.24 and a two-hundred day moving average of $13.13. The stock has a market capitalization of $676.47 million, a P/E ratio of 34.25 and a beta of 1.72. Manitowoc has a 12 month low of $9.09 and a 12 month high of $19.80. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the sale, the director directly owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.96% of the company’s stock.

Institutional Investors Weigh In On Manitowoc

A number of large investors have recently added to or reduced their stakes in the company. IES Holdings Inc. purchased a new stake in Manitowoc during the fourth quarter worth $14,688,000. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 222,858 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Manitowoc by 154.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock worth $4,090,000 after acquiring an additional 206,313 shares in the last quarter. UBS Group AG raised its position in shares of Manitowoc by 86.2% in the 3rd quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock worth $3,844,000 after acquiring an additional 177,823 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Manitowoc by 56.4% during the 2nd quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company’s stock worth $4,465,000 after purchasing an additional 134,013 shares during the last quarter. Hedge funds and other institutional investors 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.