Manitowoc (NYSE:MTW) Reaches New 52-Week High – Should You Buy?

The Manitowoc Company, Inc. (NYSE:MTW)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.50 and last traded at $21.3560, with a volume of 10591 shares traded. The stock had previously closed at $20.56.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTW. Barclays restated an “underweight” rating and issued a $16.00 price target (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Wells Fargo & Company boosted their target price on Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $14.00.

Manitowoc Trading Up 2.9%

The company has a current ratio of 2.11, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $774.93 million, a P/E ratio of 38.99 and a beta of 1.77. The business’s fifty day simple moving average is $17.32 and its 200 day simple moving average is $14.30.

Manitowoc (NYSE:MTW) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a net margin of 0.87% and a return on equity of 3.86%. The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $564.00 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. As a group, analysts expect that The Manitowoc Company, Inc. will post 1 EPS for the current year.

Institutional Investors Weigh In On Manitowoc

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC grew its stake in shares of Manitowoc by 4.1% during the 2nd quarter. Squarepoint Ops LLC now owns 27,603 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 1,088 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Manitowoc by 5.2% in the first quarter. Public Employees Retirement System of Ohio now owns 32,187 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,594 shares in the last quarter. Sei Investments Co. grew its position in Manitowoc by 5.1% in the first quarter. Sei Investments Co. now owns 56,581 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 2,733 shares in the last quarter. Strong Tower Advisory Services increased its stake in Manitowoc by 3.2% in the 1st quarter. Strong Tower Advisory Services now owns 95,015 shares of the industrial products company’s stock valued at $1,107,000 after buying an additional 2,981 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in Manitowoc by 10.2% in the 1st quarter. Quantinno Capital Management LP now owns 54,639 shares of the industrial products company’s stock valued at $637,000 after buying an additional 5,058 shares during the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of cranes and related lifting equipment. Its products are used in construction, infrastructure development, energy, industrial, and other applications that require the movement and placement of heavy materials.

The company’s product portfolio includes tower cranes, mobile hydraulic cranes, crawler cranes, and boom trucks. Its principal brands include Manitowoc, Potain, Grove, and National Crane. Manitowoc also provides crane parts, maintenance, technical support, and other aftermarket services to help customers operate and maintain their equipment.

Founded in 1902 in Manitowoc, Wisconsin, the company has developed an international presence serving customers through manufacturing, sales, distribution, and service operations across North America, Europe, Asia, and other global markets.