Manitowoc (NYSE:MTW) Shares Pass Above 200-Day Moving Average – Here’s What Happened

The Manitowoc Company, Inc. (NYSE:MTW) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.01 and traded as high as $14.31. Manitowoc shares last traded at $13.9180, with a volume of 257,993 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTW. Wall Street Zen cut Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. Finally, Barclays decreased their price objective on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus target price of $10.33.

Manitowoc Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10. The stock has a market cap of $499.80 million, a PE ratio of 69.59 and a beta of 1.75. The company’s 50-day moving average price is $12.70 and its two-hundred day moving average price is $13.01.

Manitowoc (NYSE:MTW) last announced its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.17). The company had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $517.00 million. Manitowoc had a return on equity of 1.85% and a net margin of 0.33%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities research analysts forecast that The Manitowoc Company, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Manitowoc

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Manitowoc

A number of large investors have recently modified their holdings of MTW. Franklin Resources Inc. lifted its position in Manitowoc by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock worth $277,000 after buying an additional 696 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Manitowoc by 5.2% during the first quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 1,594 shares during the last quarter. Deutsche Bank AG grew its position in Manitowoc by 6.4% during the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock valued at $406,000 after acquiring an additional 2,025 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Manitowoc by 20.9% during the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 2,376 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Manitowoc by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 2,575 shares in the last quarter. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Company 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.