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

The Manitowoc Company, Inc. (NYSE:MTWGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $15.40 and last traded at $15.16, with a volume of 1060709 shares changing hands. The stock had previously closed at $14.86.

Manitowoc News Summary

Here are the key news stories impacting Manitowoc this week:

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, 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 report on Friday, January 23rd. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $10.50.

Read Our Latest Report on MTW

Manitowoc Trading Up 2.0%

The firm has a market capitalization of $537.74 million, a price-to-earnings ratio of 79.79 and a beta of 1.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 2.14. The business has a fifty day moving average price of $13.14 and a 200 day moving average price of $11.52.

Manitowoc (NYSE:MTWGet Free Report) last released 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 1.73% and a net margin of 0.32%.The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, equities analysts forecast that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Manitowoc

Large investors have recently made changes to their positions in the business. Garner Asset Management Corp purchased a new position in shares of Manitowoc in the 4th quarter valued at $36,000. Quantbot Technologies LP purchased a new stake in Manitowoc during the 3rd quarter worth $47,000. Tower Research Capital LLC TRC increased its holdings in Manitowoc by 131.0% in 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Manitowoc in the second quarter valued at about $84,000. Finally, CWM LLC raised its position in Manitowoc by 669.9% in the second quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 6,377 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

About Manitowoc

(Get Free Report)

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.

Further Reading

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