Key Points
- Director Kenneth Krueger sold 9,000 shares of Manitowoc stock on May 19 at an average price of $11.80, totaling $106,200. After the sale, he still owned 162,672 shares valued at about $1.92 million.
- Manitowoc shares rose 0.4% and opened at $11.71, while the stock continues to trade below both its 50-day and 200-day moving averages.
- Analysts remain cautious on MTW after the company missed quarterly earnings and revenue expectations; the stock currently carries a consensus rating of “Strong Sell” with an average price target of $10.33.
The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) Director Kenneth Krueger sold 9,000 shares of Manitowoc stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the sale, the director directly owned 162,672 shares of the company's stock, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Manitowoc Trading Up 0.4%
MTW opened at $11.71 on Friday. The Manitowoc Company, Inc. has a 1-year low of $9.09 and a 1-year high of $15.56. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The company has a market cap of $420.58 million, a P/E ratio of 58.56 and a beta of 1.81. The company has a fifty day moving average price of $12.49 and a two-hundred day moving average price of $12.73.
Manitowoc (NYSE:MTW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.17). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The company had revenue of $494.60 million during the quarter, compared to the consensus estimate of $517.00 million. During the same period last year, the firm posted ($0.16) earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Analysts predict that The Manitowoc Company, Inc. will post 0.68 EPS for the current fiscal year.
Institutional Investors Weigh In On Manitowoc
Several hedge funds and other institutional investors have recently made changes to their positions in MTW. Franklin Resources Inc. boosted its holdings in Manitowoc by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company's stock worth $277,000 after purchasing an additional 696 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Manitowoc by 5.2% during the first quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company's stock worth $375,000 after purchasing an additional 1,594 shares during the last quarter. Deutsche Bank AG boosted its holdings in Manitowoc by 6.4% during the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company's stock worth $406,000 after purchasing an additional 2,025 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Manitowoc by 20.9% during the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company's stock worth $138,000 after purchasing an additional 2,376 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in 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 worth $55,000 after purchasing an additional 2,575 shares during the last quarter. 78.66% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on MTW. Wells Fargo & Company reissued an "underweight" rating and set a $10.00 target price (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Barclays decreased their target price on shares of Manitowoc from $13.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday, April 1st. Wall Street Zen downgraded shares of Manitowoc from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Manitowoc in a research report on Wednesday. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Strong Sell" and a consensus price target of $10.33.
View Our Latest Research Report on MTW
About Manitowoc
(
Get Free Report)
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.
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