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

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

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

Manitowoc Price Performance

NYSE MTW opened at $22.29 on Friday. The company has a market cap of $803.81 million, a PE ratio of 40.53 and a beta of 1.74. The firm’s 50 day moving average price is $21.25 and its 200-day moving average price is $15.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 2.11. Manitowoc has a 52-week low of $9.93 and a 52-week high of $24.00.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.86%. Manitowoc’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Sell-side analysts forecast that Manitowoc will post 1.00 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MTW. Front Street Capital Management Inc. purchased a new stake in Manitowoc in the second quarter valued at about $44,547,000. Dimensional Fund Advisors LP grew its stake in shares of Manitowoc by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,938,750 shares of the industrial products company’s stock worth $22,586,000 after acquiring an additional 12,863 shares during the last quarter. Goldstein Advisors LLC grew its stake 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Manitowoc by 37.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 401,100 shares of the industrial products company’s stock worth $4,673,000 after acquiring an additional 108,347 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Manitowoc by 8.6% during the first quarter. Empowered Funds LLC now owns 224,437 shares of the industrial products company’s stock valued at $2,615,000 after acquiring an additional 17,694 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of cranes and lifting equipment. Its product portfolio includes crawler cranes, tower cranes, mobile telescopic cranes, boom trucks and industrial cranes used in construction, infrastructure, energy and other heavy-lifting applications.

The company markets its equipment under brands including Manitowoc, Potain, Grove, National Crane and Shuttlelift. In addition to new equipment, Manitowoc provides replacement parts, technical support, maintenance services, operator training and other aftermarket solutions intended to support customers throughout the life of their cranes.

Founded in 1902, Manitowoc has historical roots in shipbuilding and marine engineering and later expanded into crane manufacturing and other industrial businesses.