The Manitowoc Company Inc. (NYSE:MTW) shares traded 6.34% higher at $17.96 on Wall Street last session.
MTW stock price is now 26.31% away from the 50-day moving average and 62.29% away from the 200-day moving average. The market capitalization of the company currently stands at $667.39M.
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With the price target maintained at $16, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for The Manitowoc Company Inc. (NYSE: MTW). On March 11, 2022, Wells Fargo recently initiated its ‘Underweight’ rating on the stock quoting a target price of $17, while ‘Barclays’ rates the stock as ‘Underweight’.
In other news, BELEC ANNE E, Director bought 1,693 shares of the company’s stock on Feb 02. The stock was bought for $24,375 at an average price of $14.40. Upon completion of the transaction, the Director now directly owns 25,558 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, Director Cooney Anne M bought 2,776 shares of the business’s stock. A total of $25,625 was incurred on buying the stock at an average price of $9.23. This leaves the insider owning 52,900 shares of the company worth $0.95 million. Insiders disposed of 19,625 shares of company stock worth roughly $0.35 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MTW stock. A new stake in The Manitowoc Company Inc. shares was purchased by NORGES BANK during the first quarter worth $3,702,000. ACADIAN ASSET MANAGEMENT LLC invested $1,016,000 in shares of MTW during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in The Manitowoc Company Inc. valued at approximately $882,000. PEAK6 INVESTMENTS LLC acquired a new stake in MTW for approximately $494,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in MTW valued at around $467,000 in the second quarter. In total, there are 206 active investors with 75.50% ownership of the company’s stock.
The Manitowoc Company Inc. (NYSE: MTW) opened at $17.40 on Tuesday. During the past 12 months, The Manitowoc Company Inc. has had a low of $7.53 and a high of $20.20. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.80, and a quick ratio of 0.70. The fifty day moving average price for MTW is $14.39 and a two-hundred day moving average price translates $11.10 for the stock.
The latest earnings results from The Manitowoc Company Inc. (NYSE: MTW) was released for Sep, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.09 by 0.01. This compares to -$0.10 EPS in the same period last year. The net profit margin was -6.10% and return on equity was -19.90% for MTW. The company reported revenue of $621.6 million for the quarter, compared to $497.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.87 percent. For the current quarter, analysts expect MTW to generate $565.76M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/10/2015. Investors who held shares on 11/27/2015 were paid a $0.08 dividend.
The Manitowoc Company Inc.(MTW) Company Profile
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. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.
