Kennedy Capital Management LLC Has $9.82 Million Stake in The Manitowoc Company, Inc. $MTW

Kennedy Capital Management LLC raised its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 40.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 818,618 shares of the industrial products company’s stock after purchasing an additional 234,840 shares during the period. Kennedy Capital Management LLC owned approximately 2.31% of Manitowoc worth $9,815,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in Manitowoc during the 4th quarter valued at about $36,000. Quantbot Technologies LP acquired a new position in Manitowoc during the 3rd quarter valued at about $47,000. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 2,575 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Manitowoc during the 2nd quarter valued at about $84,000. Finally, Caxton Associates LLP acquired a new position in Manitowoc during the 1st quarter valued at about $112,000. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Trading Down 0.0%

Shares of MTW stock opened at $12.46 on Monday. The company’s fifty day simple moving average is $12.49 and its two-hundred day simple moving average is $12.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.72. The Manitowoc Company, Inc. has a 1 year low of $9.09 and a 1 year high of $15.56. The stock has a market capitalization of $447.26 million, a price-to-earnings ratio of 62.28 and a beta of 1.75.

Manitowoc (NYSE:MTW) last issued its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $517.00 million. During the same period in the previous year, the firm earned ($0.16) EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, analysts anticipate that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current year.

Insider Transactions at Manitowoc

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the business’s 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 sale, the director owned 162,672 shares of the company’s stock, valued at $1,919,529.60. The trade was a 5.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MTW has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. Wall Street Zen downgraded Manitowoc from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Barclays cut their target price on Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $10.33.

Manitowoc Profile

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.