Manitowoc (NYSE:MTW) Director Kenneth Krueger Sells 9,000 Shares

The Manitowoc Company, Inc. (NYSE:MTW) Director Kenneth 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 completion of the sale, the director owned 162,672 shares in the company, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Manitowoc Trading Up 0.4%

MTW traded up $0.04 during mid-day trading on Thursday, hitting $11.71. The stock had a trading volume of 165,978 shares, compared to its average volume of 255,379. The stock’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $12.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.72. The firm has a market capitalization of $420.58 million, a price-to-earnings ratio of 58.56 and a beta of 1.81. The Manitowoc Company, Inc. has a 1-year low of $9.09 and a 1-year high of $15.56.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTW. Weiss Ratings lowered shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Barclays dropped their price objective on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company restated an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One 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 currently has an average rating of “Strong Sell” and an average target price of $10.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in Manitowoc in the fourth quarter valued at $36,000. Tower Research Capital LLC TRC grew its position in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares in the last quarter. Quantbot Technologies LP bought a new position in Manitowoc in the third quarter valued at $47,000. State of Wyoming bought a new position in Manitowoc in the first quarter valued at $62,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Manitowoc in the second quarter valued at $84,000. Institutional investors own 78.66% of the company’s stock.

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.