Manitowoc (NYSE:MTW) Shares Gap Down – What’s Next?

The Manitowoc Company, Inc. (NYSE:MTW) gapped down prior to trading on Wednesday . The stock had previously closed at $20.19, but opened at $19.30. Manitowoc shares last traded at $19.0540, with a volume of 45,958 shares traded.

Wall Street Analyst Weigh In

MTW has been the topic of several research analyst reports. Weiss Ratings upgraded Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company raised their price target on Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, August 13th. Barclays restated an “underweight” rating and set a $16.00 price objective (up from $11.00) on shares of Manitowoc in a report on Monday, August 10th. Finally, Wall Street Zen upgraded Manitowoc from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $14.00.

Manitowoc Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 2.11 and a quick ratio of 0.75. The stock has a market capitalization of $684.42 million, a price-to-earnings ratio of 34.51 and a beta of 1.72. The stock has a 50 day moving average price of $14.63 and a 200-day moving average price of $13.54.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The company had revenue of $594.90 million for the quarter, compared to analyst estimates of $564.00 million. During the same quarter last year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, analysts forecast that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current year.

Institutional Trading of Manitowoc

Several large investors have recently bought and sold shares of the business. Front Street Capital Management Inc. purchased a new position in Manitowoc in the 2nd quarter worth approximately $44,547,000. IES Holdings Inc. acquired a new position in shares of Manitowoc during the 4th quarter worth approximately $14,688,000. Kennedy Capital Management LLC grew its position in shares of Manitowoc by 40.2% in the fourth quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock valued at $9,815,000 after purchasing an additional 234,840 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Manitowoc by 28.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock valued at $11,975,000 after purchasing an additional 222,858 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased 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 valued at $4,090,000 after purchasing an additional 206,313 shares during the last quarter. 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.