Manitowoc (NYSE:MTW) Downgraded by Wall Street Zen to Buy

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

A number of other research firms have also recently weighed in on MTW. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Manitowoc in a report on Monday, December 22nd. Barclays raised their target price on Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 price target (up previously from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Manitowoc has a consensus rating of “Reduce” and an average target price of $11.00.

Manitowoc Trading Up 3.8%

Shares of NYSE:MTW opened at $14.30 on Friday. The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Manitowoc has a 12-month low of $7.06 and a 12-month high of $15.56. The business has a 50 day moving average of $13.28 and a two-hundred day moving average of $11.56. The company has a market capitalization of $507.24 million, a PE ratio of 75.27 and a beta of 1.88.

Manitowoc (NYSE:MTW) last posted its earnings results on Monday, February 9th. The industrial products company reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $637.00 million. During the same period last year, the firm earned $0.10 earnings per share. Manitowoc’s revenue for the quarter was up 13.6% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, analysts forecast that Manitowoc will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new stake in Manitowoc in the 3rd quarter worth about $982,000. Acadian Asset Management LLC raised its holdings in shares of Manitowoc by 55.7% during the second quarter. Acadian Asset Management LLC now owns 389,510 shares of the industrial products company’s stock valued at $4,678,000 after acquiring an additional 139,423 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Manitowoc in the second quarter valued at approximately $371,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Manitowoc in the second quarter worth approximately $748,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Manitowoc in the second quarter worth approximately $335,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

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.