The Manitowoc Company, Inc. (NYSE:MTW - Get Free Report) CFO Brian P. Regan bought 1,200 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $8.86 per share, with a total value of $10,632.00. Following the acquisition, the chief financial officer now owns 109,486 shares of the company's stock, valued at $970,045.96. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Manitowoc stock traded down $0.27 during trading on Monday, hitting $8.63. 457,731 shares of the company's stock traded hands, compared to its average volume of 271,153. The stock has a market capitalization of $303.06 million, a P/E ratio of -31.96 and a beta of 1.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.89 and a quick ratio of 0.58. The business has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $10.88. The Manitowoc Company, Inc. has a 1 year low of $8.50 and a 1 year high of $17.65.
Manitowoc (NYSE:MTW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $524.80 million during the quarter, compared to analysts' expectations of $516.49 million. Manitowoc had a positive return on equity of 2.41% and a negative net margin of 0.40%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. As a group, analysts forecast that The Manitowoc Company, Inc. will post 0.62 EPS for the current year.
A number of brokerages recently commented on MTW. The Goldman Sachs Group decreased their target price on Manitowoc from $13.00 to $11.30 and set a "sell" rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on Manitowoc from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Barclays decreased their price objective on Manitowoc from $12.00 to $9.00 and set an "underweight" rating for the company in a report on Friday, August 9th. StockNews.com upgraded Manitowoc from a "sell" rating to a "hold" rating in a report on Friday. Finally, Robert W. Baird decreased their price objective on Manitowoc from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.47.
View Our Latest Stock Report on MTW
Large investors have recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Manitowoc during the 2nd quarter valued at approximately $26,000. US Bancorp DE increased its stake in Manitowoc by 88.1% in the 3rd quarter. US Bancorp DE now owns 2,834 shares of the industrial products company's stock worth $27,000 after acquiring an additional 1,327 shares during the last quarter. CWM LLC increased its stake in Manitowoc by 97.0% in the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company's stock worth $35,000 after acquiring an additional 1,482 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Manitowoc by 63.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company's stock worth $55,000 after acquiring an additional 1,828 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Manitowoc in the 3rd quarter worth approximately $51,000. 78.66% of the stock is owned by hedge funds and other institutional investors.
The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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.
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