Manitowoc (NYSE:MTW) Stock Passes Above 200 Day Moving Average – Here’s Why

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.80 and traded as high as $14.99. Manitowoc shares last traded at $14.85, with a volume of 304,727 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTW shares. Wells Fargo & Company restated an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Barclays increased their target price on shares of Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, February 11th. Wall Street Zen lowered shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings downgraded Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Manitowoc presently has a consensus rating of “Strong Sell” and an average target price of $11.00.

Manitowoc Stock Performance

The firm’s 50-day moving average price is $13.73 and its two-hundred day moving average price is $11.85. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $516.09 million, a PE ratio of 76.58 and a beta of 1.83.

Manitowoc (NYSE:MTW) last posted 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). Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The firm had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. During the same period in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, research analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Several hedge funds have recently bought and sold shares of MTW. AQR Capital Management LLC grew its stake in Manitowoc by 19.0% during the 1st quarter. AQR Capital Management LLC now owns 290,452 shares of the industrial products company’s stock valued at $2,495,000 after acquiring an additional 46,324 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Manitowoc by 26.0% during the first quarter. Goldman Sachs Group Inc. now owns 273,121 shares of the industrial products company’s stock worth $2,346,000 after purchasing an additional 56,336 shares during the period. Caxton Associates LLP purchased a new position in Manitowoc during the first quarter valued at approximately $112,000. Empowered Funds LLC increased its stake in Manitowoc by 7.3% in the 1st quarter. Empowered Funds LLC now owns 190,140 shares of the industrial products company’s stock valued at $1,633,000 after buying an additional 13,001 shares during the period. Finally, AlphaQuest LLC purchased a new stake in Manitowoc in the 2nd quarter worth approximately $105,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

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.