Manitowoc (NYSE:MTW) Announces Earnings Results

Manitowoc (NYSE:MTW) announced its earnings results on Thursday. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.35, Zacks reports. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The business had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Manitowoc updated its FY 2026 guidance to 0.800-1.200 EPS.

Manitowoc Trading Up 32.6%

NYSE:MTW traded up $4.63 during midday trading on Friday, hitting $18.84. The stock had a trading volume of 1,344,994 shares, compared to its average volume of 219,409. The stock has a 50-day moving average of $13.24 and a 200 day moving average of $13.13. The company has a market capitalization of $676.47 million, a price-to-earnings ratio of 34.25 and a beta of 1.72. Manitowoc has a one year low of $9.09 and a one year high of $19.80. The company has a quick ratio of 0.72, a current ratio of 2.10 and a debt-to-equity ratio of 0.64.

Analyst Ratings Changes

A number of equities analysts recently commented on MTW shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Manitowoc from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Manitowoc currently has an average rating of “Strong Sell” and a consensus target price of $10.33.

Insiders Place Their Bets

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total value of $106,200.00. Following the completion of the sale, the director directly owned 162,672 shares in the company, valued at approximately $1,919,529.60. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.96% of the stock is currently owned by company insiders.

Institutional Trading of Manitowoc

Several institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Manitowoc by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 696 shares during the last quarter. Deutsche Bank AG grew its position in Manitowoc by 6.4% during the 4th quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 2,025 shares during the last quarter. Intech Investment Management LLC grew its position in Manitowoc by 20.9% during the 3rd quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 2,376 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in 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 valued at $55,000 after purchasing an additional 2,575 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Manitowoc by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,179 shares of the industrial products company’s stock valued at $578,000 after purchasing an additional 2,741 shares in the last quarter. 78.66% of the stock is currently owned by 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.