Columbus McKinnon (NASDAQ:CMCO) Stock Price Down 8.1% – Time to Sell?

Columbus McKinnon Corporation (NASDAQ:CMCO)’s stock price dropped 8.1% on Friday . The company traded as low as $19.07 and last traded at $19.0130. 484,761 shares were traded during mid-day trading, a decline of 6% from the average session volume of 513,868 shares. The stock had previously closed at $20.68.

More Columbus McKinnon News

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: JPMorgan raised its price target on Columbus McKinnon to $29 from $25 and upgraded or reaffirmed an “overweight” rating, implying substantial upside from recent levels. The call reflects increased confidence in the company’s earnings potential following the quarter’s results. Benzinga analyst action
• Positive Sentiment: Fiscal Q1 revenue and adjusted earnings exceeded expectations. Columbus McKinnon reported revenue of $531.5 million, up 125% year over year and ahead of the $501.3 million consensus estimate. Adjusted EPS was $0.61, versus expectations of $0.28 and $0.50 a year earlier. Q1 earnings and revenues
• Positive Sentiment: Demand and the Kito Crosby acquisition supported growth. Orders increased 120% to $568.1 million, producing a 1.1x book-to-bill ratio. Management said integration and synergy capture remain on track, while cash flow and margins improved. Columbus McKinnon Q1 results
• Positive Sentiment: Fiscal 2027 guidance was increased. The company projects adjusted EPS of $1.90-$2.10 and revenue of approximately $2.09-$2.15 billion, with the EPS outlook above the roughly $1.76 analyst consensus.
• Neutral Sentiment: The stock’s retreat follows a gain of more than 40% after the earnings release, suggesting some profit-taking as investors reassess valuation and execution expectations.
• Negative Sentiment: GAAP results remained weak. Columbus McKinnon posted an $88.7 million net loss, or $2.05 per diluted share, including $70.3 million in acquisition and integration costs. The company must continue converting acquisition-driven revenue growth into sustainable profitability.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMCO. Zacks Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Weiss Ratings downgraded Columbus McKinnon from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Columbus McKinnon from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Finally, DA Davidson lowered their price objective on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.00.

Columbus McKinnon Price Performance

The company’s 50-day moving average is $14.66 and its 200-day moving average is $16.39. The firm has a market capitalization of $552.67 million, a price-to-earnings ratio of -2.57 and a beta of 1.39. The company has a debt-to-equity ratio of 3.38, a current ratio of 2.02 and a quick ratio of 0.98.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. The firm had revenue of $531.46 million during the quarter, compared to analyst estimates of $501.27 million. Columbus McKinnon had a negative net margin of 21.25% and a positive return on equity of 9.21%. Columbus McKinnon’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. On average, research analysts expect that Columbus McKinnon Corporation will post 2 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Columbus McKinnon’s payout ratio is currently -3.75%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Marshall Wace LLP raised its holdings in shares of Columbus McKinnon by 698.6% in the 3rd quarter. Marshall Wace LLP now owns 726,772 shares of the industrial products company’s stock worth $10,422,000 after purchasing an additional 635,770 shares during the period. AQR Capital Management LLC grew its holdings in shares of Columbus McKinnon by 76.8% during the 4th quarter. AQR Capital Management LLC now owns 1,108,462 shares of the industrial products company’s stock worth $19,121,000 after purchasing an additional 481,470 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Columbus McKinnon by 100.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 829,875 shares of the industrial products company’s stock worth $11,900,000 after purchasing an additional 415,275 shares during the period. Millennium Management LLC raised its holdings in Columbus McKinnon by 80.3% in the third quarter. Millennium Management LLC now owns 850,951 shares of the industrial products company’s stock valued at $12,203,000 after buying an additional 379,096 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in Columbus McKinnon in the fourth quarter valued at approximately $6,395,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.