Manitowoc (NYSE:MTW) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Manitowoc (NYSE:MTW) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Several other equities analysts have also recently issued reports on MTW. Weiss Ratings restated a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Barclays raised their price target on shares of Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price objective (up previously from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $11.00.

Manitowoc Price Performance

MTW opened at $14.30 on Friday. The company has a fifty day simple moving average of $13.32 and a 200 day simple moving average of $11.56. The firm has a market cap of $507.22 million, a price-to-earnings ratio of 75.27 and a beta of 1.88. Manitowoc has a twelve month low of $7.06 and a twelve month high of $15.56. The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data 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 firm had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 1.73% and a net margin of 0.32%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities research analysts expect that Manitowoc will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Several large investors have recently made changes to their positions in MTW. IES Holdings Inc. acquired a new position in shares of Manitowoc during the fourth quarter worth approximately $14,688,000. Kennedy Capital Management LLC raised its stake in Manitowoc by 40.2% during the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock valued at $9,815,000 after acquiring an additional 234,840 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Manitowoc by 28.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after acquiring an additional 222,858 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Manitowoc by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock worth $4,090,000 after purchasing an additional 206,313 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Manitowoc by 86.2% during the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock valued at $3,844,000 after purchasing an additional 177,823 shares during the period. 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.