Manitowoc (NYSE:MTW) Shares Gap Down Following Weak Earnings

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $14.86, but opened at $13.23. Manitowoc shares last traded at $14.73, with a volume of 343,414 shares traded.

The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 0.87% and a net margin of 2.63%.Manitowoc’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS.

Analyst Ratings Changes

MTW has been the subject of a number of analyst reports. Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $10.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Garner Asset Management Corp acquired a new position in Manitowoc in the 4th quarter worth $36,000. Quantbot Technologies LP acquired a new position in shares of Manitowoc during the third quarter worth about $47,000. Tower Research Capital LLC TRC grew its holdings in shares of Manitowoc by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after buying an additional 2,575 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Manitowoc in the 2nd quarter valued at approximately $84,000. Finally, CWM LLC lifted its stake in Manitowoc by 669.9% in the 2nd quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 6,377 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Price Performance

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 company has a 50 day simple moving average of $13.06 and a 200 day simple moving average of $11.50. The stock has a market cap of $522.65 million, a P/E ratio of 9.26 and a beta of 1.88.

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.