Tudor Investment Corp ET AL Raises Holdings in The Manitowoc Company, Inc. $MTW

Tudor Investment Corp ET AL boosted its position in The Manitowoc Company, Inc. (NYSE:MTW) by 67.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,758 shares of the industrial products company’s stock after acquiring an additional 81,864 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Manitowoc were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of Manitowoc by 1.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 397,798 shares of the industrial products company’s stock worth $3,982,000 after purchasing an additional 4,743 shares during the period. Numerai GP LLC purchased a new stake in shares of Manitowoc during the 3rd quarter worth about $182,000. Brevan Howard Capital Management LP purchased a new stake in shares of Manitowoc during the 3rd quarter worth about $441,000. CSM Advisors LLC increased its position in Manitowoc by 69.5% during the 3rd quarter. CSM Advisors LLC now owns 143,065 shares of the industrial products company’s stock worth $1,433,000 after purchasing an additional 58,660 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its position in Manitowoc by 175.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 15,344 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 9,778 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Wall Street Analysts Forecast Growth

MTW has been the topic of a number of recent research reports. Weiss Ratings cut shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Wall Street Zen lowered shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Wells Fargo & Company reissued an “underweight” rating and issued a $10.00 target price (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Finally, Barclays lifted their target price on shares of Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $11.00.

Manitowoc Price Performance

MTW stock opened at $11.62 on Friday. The firm has a market cap of $417.07 million, a P/E ratio of 61.13 and a beta of 1.83. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 2.23. The Manitowoc Company, Inc. has a 1 year low of $7.06 and a 1 year high of $15.56. The stock has a 50-day simple moving average of $13.52 and a 200-day simple moving average of $12.15.

Manitowoc (NYSE:MTW) last released its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $677.10 million for the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The business’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current fiscal year.

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.