Insider Selling: Gene P. Buer Sells 2,240 Shares of Columbus McKinnon Corp. Stock (CMCO)
Columbus McKinnon Corp. (NASDAQ:CMCO) VP Gene P. Buer unloaded 2,240 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.98, for a total value of $55,955.20. Following the completion of the sale, the vice president now directly owns 955 shares in the company, valued at approximately $23,856. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Columbus McKinnon Corp. (NASDAQ:CMCO) traded down 0.04% during mid-day trading on Tuesday, hitting $25.18. The stock had a trading volume of 8,355 shares. Columbus McKinnon Corp. has a one year low of $21.25 and a one year high of $30.98. The stock’s 50-day moving average is $25.92 and its 200-day moving average is $26.56. The company has a market cap of $499.8 million and a P/E ratio of 16.69.
Columbus McKinnon Corp. (NASDAQ:CMCO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.07. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $150.10 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Columbus McKinnon Corp. will post $1.70 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CJS Securities upgraded shares of Columbus McKinnon Corp. from a “market perform” rating to a “market outperform” rating in a research note on Thursday, July 31st. They now have a $34.00 price target on the stock, down previously from $35.00. Separately, analysts at Zacks downgraded shares of Columbus McKinnon Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $32.80 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Columbus McKinnon Corp. in a research note on Thursday, June 19th. They set a “neutral” rating and a $27.00 price target on the stock.
Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, rigging tools, cranes, actuators, and other material handling products serving a range of commercial and industrial end user markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.