Manitowoc (MTW) Stock Price, News & Analysis

Company Overview

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. The company also provides aftermarket services, such as sale of parts and accessories, field service work, routine maintenance services, technical support, erection and decommissioning services, crane and component remanufacturing, training, and telematics services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial; infrastructure, such as road, bridge, and airport construction; and commercial and residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

Key Stats

• Today's Range: $8.58 to $9.07
• 50-Day Range: $8.63 to $11.20
• 52-Week Range: $8.50 to $17.65
• Volume: 849,820 shs
• Average Volume: 281,342 shs
• Market Capitalization: $303.15 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $12.47
• Consensus Rating: Reduce

Manitowoc Stock Analysis - MarketRank™

Manitowoc scored higher than 89% of companies evaluated by MarketBeat, and ranked 31st out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Manitowoc has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 4 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Manitowoc has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 93.48%

Earnings Growth

Earnings for Manitowoc are expected to grow by 93.48% in the coming year, from $0.46 to $0.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Manitowoc is -31.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Manitowoc is -31.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Manitowoc has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.98% of the float of Manitowoc has been sold short.

Short Interest Ratio / Days to Cover

Manitowoc has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Manitowoc has recently decreased by 4.36%, indicating that investor sentiment is improving.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Manitowoc does not currently pay a dividend.

Dividend Growth

Manitowoc does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Manitowoc will have a dividend payout ratio of 8.99% next year. This indicates that Manitowoc will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -5.83

Percentage of Shares Shorted

1.98% of the float of Manitowoc has been sold short.

Short Interest Ratio / Days to Cover

Manitowoc has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Manitowoc has recently decreased by 4.36%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 1.00

News Sentiment

Manitowoc has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Manitowoc this week, compared to 3 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Manitowoc insiders have bought more of their company's stock than they have sold. Specifically, they have bought $19,532.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.52% of the stock of Manitowoc is held by insiders.

Percentage Held by Institutions

78.66% of the stock of Manitowoc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MTW Stock Analysis - Frequently Asked Questions

How have MTW shares performed this year?

Manitowoc's stock was trading at $16.69 at the start of the year. Since then, MTW stock has decreased by 48.3% and is now trading at $8.63.
View the best growth stocks for 2024 here.

How were Manitowoc's earnings last quarter?

The Manitowoc Company, Inc. (NYSE:MTW) posted its quarterly earnings data 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 company's quarterly revenue was up .7% compared to the same quarter last year.

When did Manitowoc's stock split?

Manitowoc shares reverse split on the morning of Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 17th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are Manitowoc's major shareholders?

Top institutional shareholders of Manitowoc include State Street Corp (2.43%), Geode Capital Management LLC (2.26%), Victory Capital Management Inc. (2.20%) and Charles Schwab Investment Management Inc. (1.46%). Insiders that own company stock include Aaron H Ravenscroft, Kenneth W Krueger, Brian P Regan, Leslie L Middleton, John Charles Pfeifer, James Steele Cook and Anne E Belec.
View institutional ownership trends.

How do I buy shares of Manitowoc?

Shares of MTW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Manitowoc own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Manitowoc investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Construction machinery
• Sub-Industry: Construction & Farm Machinery & Heavy Trucks
• Current Symbol: NYSE:MTW
• CUSIP: 56357110
• CIK: 61986
• Web: www.manitowoccranes.com
• Phone: (414) 760-4600
• Fax: 920-683-8129
• Employees: 4,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.47
• High Stock Price Target: $16.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +44.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 18.76
• P/E Growth: N/A
• Net Income: $39.20 million
• Net Margins: -0.40%
• Pretax Margin: 0.02%
• Return on Equity: 2.40%
• Return on Assets: 0.82%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 1.97
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $2.18 billion
• Price / Sales: 0.14
• Cash Flow: $2.84 per share
• Price / Cash Flow: 3.04
• Book Value: $17.19 per share
• Price / Book: 0.50

Miscellaneous

• Outstanding Shares: 35,127,000
• Free Float: 34,242,000
• Market Cap: $303.15 million
• Optionable: Optionable
• Beta: 1.83