Manitowoc (NYSE:MTW) Sets New 1-Year High – Should You Buy?

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price hit a new 52-week high during mid-day trading on Friday. The company traded as high as $23.56 and last traded at $23.1740, with a volume of 28042 shares trading hands. The stock had previously closed at $22.40.

Analyst Ratings Changes

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

Manitowoc Stock Performance

The stock’s 50-day moving average is $19.32 and its 200-day moving average is $14.96. The firm has a market capitalization of $834.50 million, a price-to-earnings ratio of 42.12 and a beta of 1.74. The company has a current ratio of 2.11, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.11 by $0.35. Manitowoc had a net margin of 0.87% and a return on equity of 3.86%. The business had revenue of $594.90 million during the quarter, compared to the consensus estimate of $564.00 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, analysts predict that The Manitowoc Company, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Manitowoc during the 2nd quarter worth $102,000. Squarepoint Ops LLC increased its holdings in Manitowoc by 4.1% in the 2nd quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 1,088 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Manitowoc in the second quarter valued at about $449,000. Front Street Capital Management Inc. bought a new position in Manitowoc in the second quarter valued at about $44,547,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Manitowoc during the second quarter valued at about $1,717,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of cranes and related lifting equipment. Its products are used in construction, infrastructure development, energy, industrial, and other applications that require the movement and placement of heavy materials.

The company’s product portfolio includes tower cranes, mobile hydraulic cranes, crawler cranes, and boom trucks. Its principal brands include Manitowoc, Potain, Grove, and National Crane. Manitowoc also provides crane parts, maintenance, technical support, and other aftermarket services to help customers operate and maintain their equipment.

Founded in 1902 in Manitowoc, Wisconsin, the company has developed an international presence serving customers through manufacturing, sales, distribution, and service operations across North America, Europe, Asia, and other global markets.