Manitowoc (NYSE:MTW) Stock Crosses Above 200 Day Moving Average – Time to Sell?

The Manitowoc Company, Inc. (NYSE:MTW)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.93 and traded as high as $13.41. Manitowoc shares last traded at $13.2430, with a volume of 240,731 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTW shares. Wall Street Zen downgraded 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 research report on Wednesday, May 20th. Finally, Barclays reduced their price objective on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Wednesday, April 1st. One analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average target price of $10.33.

Manitowoc Stock Performance

The company has a market capitalization of $475.56 million, a PE ratio of 66.22 and a beta of 1.75. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $12.59 and its two-hundred day moving average is $12.93.

Manitowoc (NYSE:MTW) last issued its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.17). The business 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 business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.16) earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities research analysts predict that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Manitowoc

Several large investors have recently bought and sold shares of MTW. Garner Asset Management Corp purchased a new position in Manitowoc in the 4th quarter worth about $36,000. Quantbot Technologies LP purchased a new stake in shares of Manitowoc during the 3rd quarter valued at about $47,000. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. State of Wyoming purchased a new stake in shares of Manitowoc during the 1st quarter valued at about $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Manitowoc in the second quarter worth approximately $84,000. 78.66% of the stock is currently owned by 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.