Manitowoc (NYSE:MTW) Rating Lowered to Buy at Wall Street Zen

Manitowoc (NYSE:MTW) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the company. Wells Fargo & Company lifted their target price on Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, August 13th. Weiss Ratings upgraded Manitowoc from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Barclays restated an “underweight” rating and issued a $16.00 price target (up from $11.00) on shares of Manitowoc in a report on Monday, August 10th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Sell” and a consensus target price of $14.00.

Manitowoc Trading Down 0.3%

Shares of NYSE MTW opened at $21.48 on Friday. The company’s fifty day moving average is $21.02 and its 200-day moving average is $15.78. The stock has a market cap of $774.64 million, a price-to-earnings ratio of 39.06 and a beta of 1.74. Manitowoc has a twelve month low of $9.93 and a twelve month high of $24.00. The company has a quick ratio of 0.75, a current ratio of 2.11 and a debt-to-equity ratio of 0.66.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share (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 company had revenue of $594.90 million during the quarter, compared to analyst estimates of $564.00 million. During the same quarter in the previous year, the business earned $0.08 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Equities research analysts predict that Manitowoc will post 1.00 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its holdings in shares of Manitowoc by 38.2% in the third quarter. SummerHaven Investment Management LLC now owns 75,200 shares of the industrial products company’s stock valued at $1,614,000 after buying an additional 20,797 shares during the period. Goldstein Advisors LLC increased its position in shares of Manitowoc by 3,280.8% during the third quarter. Goldstein Advisors LLC now owns 652,493 shares of the industrial products company’s stock worth $14,002,000 after acquiring an additional 633,193 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Manitowoc during the second quarter worth $102,000. Squarepoint Ops LLC raised its holdings in shares of Manitowoc by 4.1% during the second quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 1,088 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Manitowoc during the second quarter worth $449,000. Institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of lifting equipment used in construction, infrastructure development, energy, and industrial applications. The company designs and produces a broad range of cranes, including mobile hydraulic cranes, crawler cranes, tower cranes, boom trucks, and related lifting solutions.

Manitowoc markets its products under well-known brands such as Manitowoc, Grove, Potain, National Crane, and Shuttlelift. Its offerings include cranes for assembling and servicing buildings, bridges, power facilities, industrial plants, and other large-scale projects.