Tudor Investment Corp ET AL Boosts Stake in The Manitowoc Company, Inc. $MTW

Tudor Investment Corp ET AL raised its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 67.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,758 shares of the industrial products company’s stock after buying an additional 81,864 shares during the quarter. Tudor Investment Corp ET AL owned about 0.57% of Manitowoc worth $2,040,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MTW. Arrowstreet Capital Limited Partnership raised its holdings in shares of Manitowoc by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock worth $4,090,000 after acquiring an additional 206,313 shares during the last quarter. UBS Group AG boosted its stake in shares of Manitowoc by 86.2% during the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock valued at $3,844,000 after acquiring an additional 177,823 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Manitowoc during the 3rd quarter worth about $1,351,000. Marshall Wace LLP increased its position in Manitowoc by 56.4% during the 2nd quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company’s stock worth $4,465,000 after purchasing an additional 134,013 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Manitowoc by 49.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 364,915 shares of the industrial products company’s stock valued at $4,386,000 after purchasing an additional 120,658 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Weiss Ratings lowered 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. Finally, Barclays boosted their price target on Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Manitowoc currently has a consensus rating of “Strong Sell” and an average target price of $11.00.

Manitowoc Trading Down 3.0%

NYSE MTW opened at $11.62 on Friday. The company has a market cap of $417.07 million, a P/E ratio of 61.13 and a beta of 1.83. The Manitowoc Company, Inc. has a 12 month low of $7.06 and a 12 month high of $15.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.23 and a quick ratio of 0.84. The company has a 50-day moving average of $13.52 and a 200-day moving average of $12.15.

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

Manitowoc 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.