Manitowoc (NYSE:MTW) Hits New 12-Month High After Analyst Upgrade

The Manitowoc Company, Inc. (NYSE:MTW) reached a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $10.00 to $13.00. Barclays currently has an underweight rating on the stock. Manitowoc traded as high as $15.40 and last traded at $15.16, with a volume of 1060709 shares. The stock had previously closed at $14.86.

Other equities analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Manitowoc in a report on Monday, December 22nd. Wall Street Zen raised Manitowoc from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.00.

Institutional Investors Weigh In On Manitowoc

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Manitowoc by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock valued at $21,412,000 after acquiring an additional 6,043 shares in the last quarter. IES Holdings Inc. acquired a new position in Manitowoc during the 4th quarter valued at approximately $14,688,000. First Eagle Investment Management LLC raised its holdings in shares of Manitowoc by 2.0% in the third quarter. First Eagle Investment Management LLC now owns 834,869 shares of the industrial products company’s stock worth $8,357,000 after buying an additional 16,046 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Manitowoc by 0.4% in the second quarter. Geode Capital Management LLC now owns 826,240 shares of the industrial products company’s stock worth $9,934,000 after buying an additional 3,569 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Manitowoc by 1.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 397,798 shares of the industrial products company’s stock worth $3,982,000 after buying an additional 4,743 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Stock Down 7.6%

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 business’s fifty day moving average price is $13.24 and its two-hundred day moving average price is $11.56. The stock has a market capitalization of $488.28 million, a PE ratio of 72.46 and a beta of 1.88.

Manitowoc (NYSE:MTW) last issued its earnings results on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Manitowoc had a net margin of 0.32% and a return on equity of 1.73%. The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. During the same quarter in the prior year, the company earned $0.10 EPS. Manitowoc’s quarterly 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, equities research analysts forecast that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.

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.