The Manitowoc Company, Inc. (NYSE:MTW) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC increased its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 103.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,465 shares of the industrial products company's stock after purchasing an additional 40,333 shares during the quarter. Tectonic Advisors LLC owned approximately 0.23% of Manitowoc worth $726,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Manitowoc by 8.1% in the third quarter. State Street Corp now owns 852,093 shares of the industrial products company's stock worth $8,197,000 after purchasing an additional 64,101 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Manitowoc by 93.9% in the 4th quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock worth $4,242,000 after buying an additional 225,090 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Manitowoc by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company's stock worth $7,643,000 after acquiring an additional 2,224 shares in the last quarter. nVerses Capital LLC purchased a new stake in Manitowoc during the third quarter valued at approximately $51,000. Finally, Victory Capital Management Inc. boosted its stake in Manitowoc by 1.3% in the third quarter. Victory Capital Management Inc. now owns 774,115 shares of the industrial products company's stock valued at $7,447,000 after acquiring an additional 9,758 shares in the last quarter. Institutional investors own 78.66% of the company's stock.

Analyst Ratings Changes

MTW has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Manitowoc from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Manitowoc from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded Manitowoc from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Manitowoc presently has an average rating of "Hold" and an average price target of $12.47.

Manitowoc Stock Performance

MTW stock remained flat at $9.76 during midday trading on Friday. The company had a trading volume of 201,567 shares, compared to its average volume of 216,407. The firm has a 50-day simple moving average of $9.42 and a two-hundred day simple moving average of $9.87. The Manitowoc Company, Inc. has a one year low of $8.30 and a one year high of $17.65. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The firm has a market cap of $342.84 million, a PE ratio of -36.15 and a beta of 1.83.

About Manitowoc

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.