Manitowoc (NYSE:MTW) Shares Cross Above 200-Day Moving Average – Time to Sell?

The Manitowoc Company, Inc. (NYSE:MTW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.02 and traded as high as $13.85. Manitowoc shares last traded at $13.6640, with a volume of 206,370 shares changing hands.

Analysts Set New Price Targets

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

Manitowoc Price Performance

The stock has a 50 day moving average of $12.59 and a 200-day moving average of $13.02. 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 company has a market cap of $490.67 million, a PE ratio of 68.32 and a beta of 1.72.

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

Insider Activity at Manitowoc

In related news, Director Kenneth W. Krueger sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total value of $106,200.00. Following the sale, the director owned 162,672 shares in the company, valued at $1,919,529.60. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Manitowoc

Institutional investors have recently bought and sold shares of the business. Garner Asset Management Corp acquired a new stake in Manitowoc during the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC increased its stake in shares of Manitowoc by 131.0% in 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 during the period. Quantbot Technologies LP acquired a new stake in shares of Manitowoc in the third quarter worth $47,000. State of Wyoming purchased a new position in shares of Manitowoc during the first quarter worth $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Manitowoc during the second quarter worth $84,000. 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.