Manitowoc Company Inc (NYSE:MTW) SVP Thomas G. Musial sold 4,476 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $33.84, for a total value of $151,467.84. Following the sale, the senior vice president now owns 54,319 shares in the company, valued at $1,838,154.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Manitowoc Company Inc (MTW) traded up $0.50 during mid-day trading on Wednesday, reaching $34.45. The company had a trading volume of 426,049 shares, compared to its average volume of 728,360. Manitowoc Company Inc has a 1-year low of $21.00 and a 1-year high of $44.03. The company has a market capitalization of $1,203.28, a PE ratio of 165.24 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.67.
Manitowoc (NYSE:MTW) last announced its earnings results on Thursday, February 8th. The industrial products company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). Manitowoc had a net margin of 0.59% and a negative return on equity of 1.59%. The company had revenue of $481.50 million during the quarter, compared to the consensus estimate of $423.27 million. During the same quarter in the previous year, the company earned ($0.24) earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. sell-side analysts predict that Manitowoc Company Inc will post 0.54 earnings per share for the current year.
Several research firms have recently weighed in on MTW. Deutsche Bank reduced their price target on Manitowoc from $44.00 to $36.00 and set a “hold” rating on the stock in a report on Monday. Credit Suisse Group boosted their price target on Manitowoc from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday. Stifel Nicolaus reduced their price target on Manitowoc from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut Manitowoc from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $30.00 to $29.00 in a report on Monday. Finally, SunTrust Banks upped their target price on Manitowoc to $37.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Manitowoc currently has a consensus rating of “Hold” and an average target price of $39.92.
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The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.
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