Manitowoc (NYSE:MTW) Sets New 1-Year High – Here’s Why

The Manitowoc Company, Inc. (NYSE:MTW) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $23.17 and last traded at $22.5780, with a volume of 407719 shares changing hands. The stock had previously closed at $22.76.

Analyst Ratings Changes

MTW has been the topic of a number of recent analyst reports. Barclays restated an “underweight” rating and set a $16.00 price target (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company raised their price objective on shares of Manitowoc from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Manitowoc currently has a consensus rating of “Sell” and a consensus price target of $14.00.

Manitowoc Trading Down 4.5%

The business has a fifty day moving average of $18.45 and a 200-day moving average of $14.64. The stock has a market capitalization of $774.14 million, a price-to-earnings ratio of 39.03 and a beta of 1.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.11 and a quick ratio of 0.75.

Manitowoc (NYSE:MTW) last issued 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. Manitowoc had a net margin of 0.87% and a return on equity of 3.86%. The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $564.00 million. During the same period in the prior year, the company earned $0.08 EPS. Manitowoc’s revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, equities analysts anticipate that The Manitowoc Company, Inc. will post 1 earnings per share for the current fiscal year.

Institutional Trading of Manitowoc

Large investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of Manitowoc during the 1st quarter worth $62,000. Integrated Wealth Concepts LLC acquired a new position in shares of Manitowoc in the 2nd quarter valued at $102,000. 9823 Capital L.P. acquired a new position in shares of Manitowoc in the 4th quarter valued at $179,000. Public Employees Retirement System of Ohio increased its stake in Manitowoc by 5.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Manitowoc by 4.1% in the 2nd quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 1,088 shares in the last quarter. 78.66% of the stock is currently owned by institutional investors.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of cranes and related lifting equipment. Its products are used in construction, infrastructure development, energy, industrial, and other applications that require the movement and placement of heavy materials.

The company’s product portfolio includes tower cranes, mobile hydraulic cranes, crawler cranes, and boom trucks. Its principal brands include Manitowoc, Potain, Grove, and National Crane. Manitowoc also provides crane parts, maintenance, technical support, and other aftermarket services to help customers operate and maintain their equipment.

Founded in 1902 in Manitowoc, Wisconsin, the company has developed an international presence serving customers through manufacturing, sales, distribution, and service operations across North America, Europe, Asia, and other global markets.