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Shares of The Manitowoc Company, Inc. (NYSE:MTW - Get Rating) have received a consensus recommendation of "Hold" from the eight analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.07.

A number of equities research analysts have recently issued reports on MTW shares. Citigroup boosted their price target on shares of Manitowoc to $12.00 in a report on Monday, August 15th. JPMorgan Chase & Co. lowered their price objective on shares of Manitowoc from $14.50 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 12th. UBS Group lowered their price objective on shares of Manitowoc from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, July 21st. Robert W. Baird lowered their price objective on shares of Manitowoc from $16.00 to $15.00 in a research report on Wednesday, May 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Manitowoc from $13.00 to $12.00 and set an "underweight" rating on the stock in a research report on Monday, August 8th.Manitowoc Stock Up 1.4 %

NYSE MTW opened at $10.41 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 0.56. The company's 50 day simple moving average is $10.75 and its 200 day simple moving average is $13.15. Manitowoc has a 12 month low of $9.72 and a 12 month high of $25.72. The company has a market capitalization of $366.20 million, a P/E ratio of 26.03 and a beta of 2.06.

Manitowoc (NYSE:MTW - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.15). Manitowoc had a net margin of 0.77% and a return on equity of 3.05%. The firm had revenue of $497.20 million for the quarter, compared to analyst estimates of $553.68 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that Manitowoc will post 0.5 earnings per share for the current fiscal year. Insiders Place Their Bets

In other Manitowoc news, CEO Aaron H. Ravenscroft bought 3,000 shares of the firm's stock in a transaction on Monday, August 22nd. The stock was bought at an average cost of $9.92 per share, with a total value of $29,760.00. Following the completion of the transaction, the chief executive officer now directly owns 214,951 shares of the company's stock, valued at approximately $2,132,313.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Aaron H. Ravenscroft acquired 3,000 shares of Manitowoc stock in a transaction dated Monday, August 22nd. The stock was acquired at an average cost of $9.92 per share, for a total transaction of $29,760.00. Following the completion of the purchase, the chief executive officer now owns 214,951 shares of the company's stock, valued at $2,132,313.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth W. Krueger acquired 34,500 shares of Manitowoc stock in a transaction dated Friday, June 10th. The stock was purchased at an average price of $12.49 per share, with a total value of $430,905.00. Following the completion of the purchase, the director now directly owns 123,472 shares of the company's stock, valued at approximately $1,542,165.28. The disclosure for this purchase can be found here. Insiders acquired 43,619 shares of company stock valued at $528,569 over the last ninety days. Corporate insiders own 2.52% of the company's stock. Institutional Trading of Manitowoc

A number of institutional investors and hedge funds have recently modified their holdings of MTW. Victory Capital Management Inc. lifted its stake in shares of Manitowoc by 32.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,884,076 shares of the industrial products company's stock worth $35,025,000 after buying an additional 458,407 shares during the last quarter. Keybank National Association OH raised its stake in Manitowoc by 33.1% during the 4th quarter. Keybank National Association OH now owns 19,300 shares of the industrial products company's stock valued at $359,000 after purchasing an additional 4,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Manitowoc by 14.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 904,050 shares of the industrial products company's stock valued at $16,806,000 after purchasing an additional 117,184 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Manitowoc during the 4th quarter valued at $25,000. Finally, Lazard Asset Management LLC acquired a new position in Manitowoc during the 4th quarter valued at $41,000. 76.36% of the stock is currently owned by institutional investors and hedge funds. About Manitowoc (Get Rating)

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.Featured ArticlesGet a free copy of the StockNews.com research report on Manitowoc (MTW)3 Payroll Software Makers Set For Growth In 2023PENN Entertainment Stock is Reset and Ready to ReboundNYSE Stocks Give Investors a Variety of Quality Options Zoom Video Communications Valuation Is Realigned With Reality The J.M. Smucker Company Proves Why Staples Are Outperforming 

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