Manitowoc (NYSE:MTW) Issues Quarterly Earnings Results

Manitowoc (NYSE:MTW) posted its quarterly earnings data on Thursday. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.35, Zacks reports. The company had revenue of $594.90 million during the quarter, compared to analyst estimates of $564.00 million. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. Manitowoc updated its FY 2026 guidance to 0.800-1.200 EPS.

Manitowoc Price Performance

Shares of Manitowoc stock traded up $4.63 during midday trading on Friday, reaching $18.84. The company had a trading volume of 1,344,994 shares, compared to its average volume of 219,409. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $676.47 million, a price-to-earnings ratio of 34.25 and a beta of 1.72. The stock has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $13.13. Manitowoc has a 1-year low of $9.09 and a 1-year high of $19.80.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTW. Wall Street Zen raised Manitowoc from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus price target of $10.33.

Insider Transactions at Manitowoc

In other Manitowoc news, Director Kenneth W. 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 value of $106,200.00. Following the transaction, the director directly owned 162,672 shares in the company, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.96% of the company’s stock.

Hedge Funds Weigh In On Manitowoc

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Manitowoc by 131.0% in the 2nd 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 during the last quarter. Quantbot Technologies LP acquired a new position in Manitowoc in the third quarter valued at approximately $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Manitowoc in the second quarter valued at approximately $84,000. Caxton Associates LLP bought a new position in Manitowoc in the first quarter valued at approximately $112,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Manitowoc in the fourth quarter valued at approximately $160,000. 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.