Manitowoc (NYSE:MTW) Stock Rating Lowered by Wall Street Zen

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

Other research analysts have also recently issued reports about the company. Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Manitowoc in a report on Monday, December 22nd. Finally, Barclays raised their price target on Manitowoc from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $11.00.

Manitowoc Stock Up 3.8%

Shares of MTW opened at $14.30 on Friday. Manitowoc has a 1 year low of $7.06 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.14 and a quick ratio of 0.66. The stock has a 50 day simple moving average of $13.28 and a two-hundred day simple moving average of $11.55. The firm has a market cap of $507.22 million, a P/E ratio of 75.27 and a beta of 1.88.

Manitowoc (NYSE:MTW) last announced 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 business had revenue of $677.10 million during the quarter, compared to the consensus estimate of $637.00 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, analysts forecast that Manitowoc will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Several institutional investors and hedge funds have recently bought and sold shares of MTW. Garner Asset Management Corp bought a new stake in shares of Manitowoc in the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC raised 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 valued at $55,000 after acquiring an additional 2,575 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Manitowoc in the third quarter worth $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Manitowoc in the second quarter valued at $84,000. Finally, CWM LLC boosted its holdings in Manitowoc by 669.9% in the second 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. Hedge funds and other institutional investors 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.