Skylands Capital LLC Makes New Investment in The Manitowoc Company, Inc. $MTW

Skylands Capital LLC acquired a new stake in The Manitowoc Company, Inc. (NYSE:MTWFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,115 shares of the industrial products company’s stock, valued at approximately $432,000. Skylands Capital LLC owned 0.12% of Manitowoc at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Manitowoc in the third quarter valued at about $982,000. Acadian Asset Management LLC raised its holdings in Manitowoc by 55.7% in the 2nd quarter. Acadian Asset Management LLC now owns 389,510 shares of the industrial products company’s stock valued at $4,678,000 after acquiring an additional 139,423 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Manitowoc in the 2nd quarter worth approximately $371,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Manitowoc during the 2nd quarter worth approximately $748,000. Finally, Vise Technologies Inc. acquired a new stake in Manitowoc during the second quarter worth $335,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Price Performance

Shares of Manitowoc stock opened at $14.96 on Thursday. The stock has a market capitalization of $530.49 million, a price-to-earnings ratio of 78.72 and a beta of 1.88. The firm’s 50-day moving average price is $13.20 and its two-hundred day moving average price is $11.54. The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The Manitowoc Company, Inc. has a 1-year low of $7.06 and a 1-year high of $15.56.

Manitowoc (NYSE:MTWGet Free Report) last announced its 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). Manitowoc had a return on equity of 1.73% and a net margin of 0.32%.The business had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MTW. Barclays increased their price objective on shares of Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $11.00.

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Manitowoc Profile

(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.

See Also

Institutional Ownership by Quarter for Manitowoc (NYSE:MTW)

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