The Manitowoc Company, Inc. (NYSE:MTW) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of The Manitowoc Company, Inc. (NYSE:MTW) have received an average rating of “Strong Sell” from the five research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.00.

A number of research firms recently weighed in on MTW. Wall Street Zen lowered shares of Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings downgraded Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Barclays raised their target price on Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd.

Manitowoc Price Performance

NYSE:MTW opened at $12.16 on Wednesday. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $12.07. Manitowoc has a 12 month low of $7.06 and a 12 month high of $15.56. The firm has a market cap of $431.32 million, a P/E ratio of 64.00 and a beta of 1.83. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The firm had revenue of $677.10 million during the quarter, compared to analyst estimates of $637.00 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, analysts expect that Manitowoc will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Manitowoc

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased 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 worth $21,412,000 after purchasing an additional 6,043 shares during the last quarter. IES Holdings Inc. purchased a new position in Manitowoc during the fourth quarter worth about $14,688,000. Charles Schwab Investment Management Inc. increased its position in shares of Manitowoc by 28.7% during 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 acquiring an additional 222,858 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Manitowoc by 2.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 834,869 shares of the industrial products company’s stock valued at $8,357,000 after acquiring an additional 16,046 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Manitowoc by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 826,240 shares of the industrial products company’s stock valued at $9,934,000 after acquiring an additional 3,569 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

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.