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

The Manitowoc Company, Inc. (NYSE:MTW) Director Kenneth Krueger sold 9,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total value of $106,200.00. Following the completion of the transaction, the director directly owned 162,672 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Manitowoc Stock Down 1.0%

MTW opened at $11.58 on Friday. The firm has a market cap of $415.66 million, a P/E ratio of 57.88 and a beta of 1.81. The business’s fifty day simple moving average is $12.45 and its 200 day simple moving average is $12.72. The Manitowoc Company, Inc. has a 52 week low of $9.09 and a 52 week high of $15.56. The company has a quick ratio of 0.72, a current ratio of 2.10 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last announced 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). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The firm had revenue of $494.60 million during the quarter, compared to analyst estimates of $517.00 million. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. As a group, equities research analysts anticipate that The Manitowoc Company, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTW has been the subject of several analyst reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays decreased their price target on Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $10.33.

Institutional Trading of Manitowoc

Several large investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Manitowoc during the 3rd quarter valued at $982,000. Tudor Investment Corp ET AL boosted its position in Manitowoc by 67.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 203,758 shares of the industrial products company’s stock valued at $2,040,000 after buying an additional 81,864 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Manitowoc during the third quarter valued at about $1,351,000. Principal Financial Group Inc. purchased a new stake in shares of Manitowoc during the third quarter worth about $390,000. Finally, CSM Advisors LLC lifted its stake in shares of Manitowoc by 69.5% in the third quarter. CSM Advisors LLC now owns 143,065 shares of the industrial products company’s stock worth $1,433,000 after acquiring an additional 58,660 shares in the last quarter. Institutional investors and hedge funds 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.