DA Davidson Reaffirms Neutral Rating for Columbus McKinnon (NASDAQ:CMCO)

Columbus McKinnon (NASDAQ:CMCO)‘s stock had its “neutral” rating reissued by equities researchers at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They presently have a $15.00 target price on the industrial products company’s stock. DA Davidson’s price target points to a potential downside of 35.54% from the stock’s current price.

Several other brokerages have also issued reports on CMCO. Wall Street Zen lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. CJS Securities upgraded Columbus McKinnon to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.00.

Columbus McKinnon Stock Up 1.5%

Shares of NASDAQ CMCO opened at $23.27 on Tuesday. Columbus McKinnon has a 12 month low of $11.78 and a 12 month high of $24.40. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $668.78 million, a price-to-earnings ratio of 110.81 and a beta of 1.33. The business has a 50-day moving average of $19.35 and a 200-day moving average of $16.57.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Monday, February 9th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Columbus McKinnon had a net margin of 0.60% and a return on equity of 7.41%. The business had revenue of $258.66 million for the quarter, compared to the consensus estimate of $241.60 million. During the same period last year, the firm posted $0.56 earnings per share. Columbus McKinnon’s quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts expect that Columbus McKinnon will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Columbus McKinnon

Several institutional investors and hedge funds have recently bought and sold shares of CMCO. Vanguard Group Inc. increased its stake in shares of Columbus McKinnon by 3.4% in the third quarter. Vanguard Group Inc. now owns 1,873,995 shares of the industrial products company’s stock worth $26,873,000 after buying an additional 62,267 shares during the period. Invesco Ltd. increased its position in shares of Columbus McKinnon by 22.6% in the third quarter. Invesco Ltd. now owns 1,451,885 shares of the industrial products company’s stock valued at $20,820,000 after acquiring an additional 267,585 shares during the period. Millennium Management LLC raised its stake in shares of Columbus McKinnon by 80.3% during the third quarter. Millennium Management LLC now owns 850,951 shares of the industrial products company’s stock valued at $12,203,000 after acquiring an additional 379,096 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Columbus McKinnon by 100.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 829,875 shares of the industrial products company’s stock worth $11,900,000 after purchasing an additional 415,275 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Columbus McKinnon by 3.6% in the second quarter. Segall Bryant & Hamill LLC now owns 814,202 shares of the industrial products company’s stock worth $12,433,000 after purchasing an additional 28,049 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

More Columbus McKinnon News

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: Q3 results beat expectations: revenue and EPS topped estimates and sales were up ~10% year-over-year, giving evidence of top-line recovery and supporting near-term momentum. Read More.
• Positive Sentiment: Order backlog and acquisitions cited as drivers of growth in recent company commentary and analyst write-ups — these factors support revenue visibility despite margin pressure. Read More.
• Positive Sentiment: Analyst/coverage commentary highlights “green shoots” for the business, signaling improving fundamentals though management still faces execution work ahead. Read More.
• Neutral Sentiment: Company released its earnings call transcript and presentation for investors to review details and management commentary (useful for due diligence but informational). Read More.
• Neutral Sentiment: Reported short-interest data for February shows zero shares (likely a data/reporting anomaly) — no clear signal of increased short pressure based on the published figures.
• Negative Sentiment: Margin pressures flagged in analyst write-ups and the company’s commentary could compress near-term profitability even as revenue rises, a potential drag on multiple expansion. Read More.
• Negative Sentiment: Debt covenant risk highlighted by analysts may limit financial flexibility and future M&A or buyback activity, increasing investor caution. Read More.
• Negative Sentiment: DA Davidson reaffirmed a “neutral” rating with a $15 price target, well below current levels — this presents a notable downward anchor for sentiment until execution/earnings visibility improves. Read More.

About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.