Manitowoc (NYSE:MTW) Issues Quarterly Earnings Results

Manitowoc (NYSE:MTW) released its earnings results on Monday. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), FiscalAI reports. Manitowoc had a net margin of 2.63% and a return on equity of 0.87%. The company had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. During the same quarter 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 updated its FY 2026 guidance to 0.450-0.900 EPS.

Manitowoc Trading Down 1.1%

Shares of Manitowoc stock opened at $14.86 on Tuesday. The company’s 50-day moving average price is $13.06 and its 200-day moving average price is $11.50. The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Manitowoc has a 12-month low of $7.06 and a 12-month high of $15.20. The company has a market cap of $527.08 million, a price-to-earnings ratio of 9.35 and a beta of 1.88.

Institutional Trading of Manitowoc

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Manitowoc by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock valued at $21,412,000 after purchasing an additional 6,043 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Manitowoc by 1.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 397,798 shares of the industrial products company’s stock worth $3,982,000 after buying an additional 4,743 shares in the last quarter. AQR Capital Management LLC boosted its stake in Manitowoc by 35.7% during the second quarter. AQR Capital Management LLC now owns 394,281 shares of the industrial products company’s stock valued at $4,739,000 after buying an additional 103,829 shares during the period. UBS Group AG grew its position in Manitowoc by 86.2% during the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock worth $3,844,000 after buying an additional 177,823 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Manitowoc by 56.4% in the 2nd quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company’s stock worth $4,465,000 after acquiring an additional 134,013 shares during the last quarter. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price target (up previously from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Manitowoc currently has a consensus rating of “Reduce” and a consensus target price of $10.50.

About Manitowoc

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.