Manitowoc (NYSE:MTW) Hits New 52-Week High – What’s Next?

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price reached a new 52-week high on Thursday . The company traded as high as $20.27 and last traded at $20.25, with a volume of 464862 shares. The stock had previously closed at $19.46.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays reissued an “underweight” rating and issued a $16.00 target price (up from $11.00) on shares of Manitowoc in a research report on Monday. Wall Street Zen upgraded Manitowoc from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $13.00.

Manitowoc Stock Up 4.1%

The company has a quick ratio of 0.72, a current ratio of 2.10 and a debt-to-equity ratio of 0.64. The stock has a market cap of $730.26 million, a price-to-earnings ratio of 36.82 and a beta of 1.72. The business’s fifty day moving average is $13.70 and its two-hundred day moving average is $13.25.

Manitowoc (NYSE:MTW) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. The company had revenue of $594.90 million for the quarter, compared to analyst estimates of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.08 EPS. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Equities analysts forecast that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Manitowoc

In other news, Director Kenneth W. Krueger sold 9,000 shares of the 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 sale, the director directly owned 162,672 shares in the company, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.96% of the company’s stock.

Institutional Investors Weigh In On Manitowoc

Several large investors have recently bought and sold shares of MTW. Garner Asset Management Corp purchased a new stake in shares of Manitowoc during the fourth quarter worth approximately $36,000. Quantbot Technologies LP purchased a new position in Manitowoc in the third quarter worth approximately $47,000. Tower Research Capital LLC TRC lifted its stake in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 2,575 shares during the last quarter. State of Wyoming acquired a new position in Manitowoc during the 1st quarter worth approximately $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Manitowoc during the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

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.