Manitowoc (NYSE:MTW) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of The Manitowoc Company, Inc. (NYSE:MTW) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.13 and traded as high as $12.38. Manitowoc shares last traded at $12.1040, with a volume of 186,038 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Manitowoc from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, February 11th. Weiss Ratings downgraded shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Wall Street Zen cut Manitowoc from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Manitowoc currently has a consensus rating of “Strong Sell” and a consensus target price of $11.00.

Manitowoc Stock Up 0.4%

The company’s 50-day simple moving average is $13.60 and its two-hundred day simple moving average is $12.13. The firm has a market capitalization of $434.63 million, a P/E ratio of 63.71 and a beta of 1.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.23 and a quick ratio of 0.84.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.26 earnings per share (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 1.71%. The business had revenue of $677.10 million for the quarter, compared to the consensus estimate of $637.00 million. During the same period in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, research analysts expect that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of Manitowoc

A number of hedge funds and other institutional investors have recently bought and sold shares of MTW. Garner Asset Management Corp bought a new position in shares of Manitowoc in the fourth quarter worth about $36,000. Quantbot Technologies LP bought a new position in shares of Manitowoc during the 3rd quarter valued at approximately $47,000. Tower Research Capital LLC TRC grew its stake in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 2,575 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Manitowoc in the 2nd quarter worth approximately $84,000. Finally, Caxton Associates LLP bought a new stake in Manitowoc during the 1st quarter worth approximately $112,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

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.