The Manitowoc Company, Inc. $MTW Stock: Goldstein Advisors LLC Increases Stake

Goldstein Advisors LLC boosted its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 3,280.8% in the third quarter, Holdings Channel reports. The fund owned 652,493 shares of the industrial products company’s stock after acquiring an additional 633,193 shares during the period. Manitowoc accounts for 1.2% of Goldstein Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Goldstein Advisors LLC’s holdings in Manitowoc were worth $14,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Front Street Capital Management Inc. bought a new position in shares of Manitowoc in the second quarter worth about $44,547,000. Bank of New York Mellon Corp acquired a new position in shares of Manitowoc during the 2nd quarter worth about $1,717,000. Arrowstreet Capital Limited Partnership boosted its stake in Manitowoc by 37.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 401,100 shares of the industrial products company’s stock valued at $4,673,000 after purchasing an additional 108,347 shares during the period. Assenagon Asset Management S.A. boosted its stake in Manitowoc by 100.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 126,284 shares of the industrial products company’s stock valued at $1,754,000 after purchasing an additional 63,215 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Manitowoc by 170.6% during the 4th quarter. Hsbc Holdings PLC now owns 69,393 shares of the industrial products company’s stock valued at $836,000 after purchasing an additional 43,753 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on MTW shares. Wells Fargo & Company raised their target price on Manitowoc from $10.00 to $12.00 and gave the company 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. Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Barclays restated an “underweight” rating and issued a $16.00 price objective (up from $11.00) on shares of Manitowoc in a research note on Monday, August 10th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Manitowoc has an average rating of “Sell” and a consensus target price of $14.00.

Manitowoc Stock Performance

NYSE MTW opened at $22.41 on Friday. The company’s fifty day moving average is $20.97 and its two-hundred day moving average is $15.71. The Manitowoc Company, Inc. has a 52-week low of $9.93 and a 52-week high of $24.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.11 and a quick ratio of 0.75. The firm has a market capitalization of $808.01 million, a price-to-earnings ratio of 40.74 and a beta of 1.74.

Manitowoc (NYSE:MTW) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share 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 business had revenue of $594.90 million during the quarter, compared to analysts’ expectations of $564.00 million. During the same quarter last year, the company earned $0.08 earnings per share. 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 forecast that The Manitowoc Company, Inc. will post 1.00 EPS for the current year.

Manitowoc 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.