Manitowoc (NYSE:MTW) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Manitowoc (NYSE:MTW) from a strong-buy rating to a buy rating in a report released on Saturday morning.

A number of other research firms have also recently issued reports on MTW. Barclays boosted their price objective on Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.00.

Manitowoc Price Performance

MTW stock opened at $14.30 on Friday. The stock has a market cap of $507.22 million, a PE ratio of 75.27 and a beta of 1.88. Manitowoc has a 12 month low of $7.06 and a 12 month high of $15.56. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $11.55. 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 (NYSE:MTW) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Manitowoc had a return on equity of 1.73% and a net margin of 0.32%.The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities research analysts anticipate that Manitowoc will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.