Manitowoc (NYSE:MTW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Manitowoc (NYSE:MTW) from a hold rating to a buy rating in a research report released on Saturday.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. Three research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $13.00.

Manitowoc Stock Up 0.7%

MTW opened at $18.95 on Friday. 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 $680.49 million, a price-to-earnings ratio of 34.46 and a beta of 1.72. Manitowoc has a one year low of $9.09 and a one year high of $19.80. The business’s fifty day moving average is $13.39 and its two-hundred day moving average is $13.16.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. The business had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. Manitowoc had a return on equity of 3.88% and a net margin of 0.87%.The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Analysts anticipate that Manitowoc will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the firm’s stock in a transaction 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 owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.96% of the company’s stock.

Institutional Trading of Manitowoc

A number of large investors have recently made changes to their positions in MTW. Garner Asset Management Corp acquired a new position in Manitowoc in the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its stake in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Manitowoc during the third quarter worth about $47,000. State of Wyoming purchased a new stake in shares of Manitowoc during the first quarter worth about $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Manitowoc in the second quarter valued at approximately $84,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

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.