Shares of Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $19.49 and last traded at $19.30, with a volume of 163133 shares traded. The stock had previously closed at $20.08.
Wall Street Analysts Forecast Growth
CMCO has been the topic of a number of analyst reports. DA Davidson reaffirmed a "neutral" rating and set a $35.00 price objective on shares of Columbus McKinnon in a research report on Tuesday, February 18th. StockNews.com lowered shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.
Check Out Our Latest Analysis on CMCO
Columbus McKinnon Stock Down 0.9 %
The firm has a market capitalization of $524.33 million, a PE ratio of 55.53 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The company has a 50-day moving average price of $33.11 and a 200 day moving average price of $34.18.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. Analysts forecast that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.
Columbus McKinnon Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.53%. Columbus McKinnon's dividend payout ratio is 84.85%.
Insider Activity at Columbus McKinnon
In related news, Director Christopher J. Stephens acquired 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $20.27 per share, with a total value of $101,350.00. Following the acquisition, the director now directly owns 11,014 shares of the company's stock, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Columbus McKinnon
Several large investors have recently made changes to their positions in CMCO. Vaughan Nelson Investment Management L.P. purchased a new position in Columbus McKinnon during the 4th quarter valued at approximately $26,416,000. Victory Capital Management Inc. boosted its position in shares of Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after acquiring an additional 398,826 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Columbus McKinnon in the fourth quarter valued at $14,799,000. Segall Bryant & Hamill LLC increased its position in Columbus McKinnon by 95.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock worth $27,190,000 after purchasing an additional 356,232 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Columbus McKinnon by 207.9% during the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock valued at $16,952,000 after purchasing an additional 307,355 shares in the last quarter. 95.96% of the stock is owned by institutional investors.
About Columbus McKinnon
(
Get Free Report)
Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.
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