Front Street Capital Management Inc. Grows Stake in The Manitowoc Company, Inc. $MTW

Front Street Capital Management Inc. lifted its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,321,784 shares of the industrial products company’s stock after purchasing an additional 57,761 shares during the period. Manitowoc accounts for about 5.0% of Front Street Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Front Street Capital Management Inc. owned approximately 9.25% of Manitowoc worth $38,699,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Manitowoc by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,139,051 shares of the industrial products company’s stock worth $21,412,000 after buying an additional 6,043 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Manitowoc by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,938,750 shares of the industrial products company’s stock valued at $22,586,000 after acquiring an additional 12,863 shares in the last quarter. IES Holdings Inc. acquired a new stake in Manitowoc in the 4th quarter worth approximately $14,688,000. Charles Schwab Investment Management Inc. boosted its position in Manitowoc by 28.7% during the fourth 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 period. Finally, Kennedy Capital Management LLC raised its position in shares of Manitowoc by 40.2% in the fourth quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock valued at $9,815,000 after purchasing an additional 234,840 shares during the period. 78.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth W. Krueger sold 9,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the transaction, the director owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.96% of the company’s stock.

Manitowoc Stock Up 0.9%

Shares of MTW stock opened at $13.78 on Friday. The Manitowoc Company, Inc. has a 12 month low of $9.09 and a 12 month 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. The firm has a market cap of $494.95 million, a PE ratio of 68.92 and a beta of 1.72. The stock has a 50 day moving average of $12.86 and a 200-day moving average of $13.07.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MTW shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. Wall Street Zen cut shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Sell” and an average target price of $10.33.

About Manitowoc

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.