The Manitowoc Company, Inc. $MTW Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 170.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,393 shares of the industrial products company’s stock after acquiring an additional 43,753 shares during the quarter. Hsbc Holdings PLC’s holdings in Manitowoc were worth $836,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MTW. Vanguard Group Inc. increased its holdings in shares of Manitowoc by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock worth $21,412,000 after acquiring an additional 6,043 shares during the period. IES Holdings Inc. acquired a new position in Manitowoc during the 4th quarter valued at about $14,688,000. Charles Schwab Investment Management Inc. grew its position in Manitowoc by 28.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after purchasing an additional 222,858 shares during the last quarter. Kennedy Capital Management LLC grew its position in Manitowoc by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock worth $9,815,000 after purchasing an additional 234,840 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Manitowoc by 1.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 397,798 shares of the industrial products company’s stock valued at $3,982,000 after purchasing an additional 4,743 shares during the period. Institutional investors own 78.66% of the company’s stock.

Insider Transactions at Manitowoc

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total value of $106,200.00. Following the sale, the director directly owned 162,672 shares in the company, valued at approximately $1,919,529.60. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.96% of the stock is currently owned by insiders.

Manitowoc Stock Performance

Shares of NYSE MTW opened at $12.76 on Wednesday. The Manitowoc Company, Inc. has a 1 year low of $9.09 and a 1 year high of $15.56. The firm has a market cap of $458.10 million, a P/E ratio of 63.79 and a beta of 1.72. The stock has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $12.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10.

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

Analyst Upgrades and Downgrades

MTW has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Barclays lowered their target price on Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus price target of $10.33.

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.