Posted by admin on Jun 2nd, 2022

The Manitowoc Company, Inc. (NYSE:MTW – Get Rating) Director John Charles Pfeifer acquired 1,762 shares of Manitowoc stock in a transaction that occurred on Monday, May 2nd. The shares were purchased at an average price of $13.48 per share, with a total value of $23,751.76. Following the purchase, the director now owns 47,595 shares in the company, valued at $641,580.60. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Manitowoc stock traded up $0.63 during mid-day trading on Thursday, reaching $13.55. 269,775 shares of the company traded hands, compared to its average volume of 285,542. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.74 and a quick ratio of 0.61. The Manitowoc Company, Inc. has a fifty-two week low of $10.87 and a fifty-two week high of $27.57. The company has a market capitalization of $478.57 million, a price-to-earnings ratio of 26.92 and a beta of 2.11. The firm’s fifty day moving average is $13.25 and its two-hundred day moving average is $16.45.

Manitowoc (NYSE:MTW – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $459.00 million during the quarter, compared to analysts’ expectations of $440.08 million. Manitowoc had a net margin of 0.94% and a return on equity of 5.14%. The firm’s revenue was up 29.6% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. As a group, equities research analysts predict that The Manitowoc Company, Inc. will post 0.87 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Manitowoc in the 4th quarter valued at $25,000. Lazard Asset Management LLC purchased a new stake in shares of Manitowoc in the 4th quarter valued at $41,000. New York State Teachers Retirement System purchased a new stake in shares of Manitowoc in the 1st quarter valued at $45,000. US Bancorp DE boosted its holdings in shares of Manitowoc by 43.6% in the 1st quarter. US Bancorp DE now owns 3,775 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 1,146 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Manitowoc by 193.5% in the 3rd quarter. UBS Group AG now owns 4,605 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 3,036 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on MTW shares. Robert W. Baird reduced their price objective on shares of Manitowoc from $16.00 to $15.00 in a research note on Wednesday, May 4th. StockNews.com started coverage on shares of Manitowoc in a research note on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group reduced their price objective on shares of Manitowoc from $20.00 to $17.50 and set a “neutral” rating for the company in a research note on Thursday, April 14th. Zacks Investment Research lowered shares of Manitowoc from a “hold” rating to a “strong sell” rating and set a $11.00 price objective for the company. in a research note on Monday, May 9th. Finally, Wells Fargo & Company started coverage on shares of Manitowoc in a research note on Friday, March 11th. They set an “underweight” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.14.

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.

Receive News & Ratings for Manitowoc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc and related companies with MarketBeat.com's FREE daily email newsletter.

Ocwen Financial Co. (NYSE:OCN) Director Jacques J. Busquet Acquires 1,000 Shares

U.S. Xpress Enterprises, Inc. (NYSE:USX) Insider Acquires $22,200.00 in Stock