UBS Group Has Lowered Expectations for Manitowoc (NYSE:MTW) Stock Price

Manitowoc (NYSE:MTW - Get Free Report) had its target price lowered by UBS Group from $13.00 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. UBS Group's price objective points to a potential upside of 17.74% from the company's previous close.

Manitowoc Stock Up 0.6 %

Manitowoc stock traded up $0.04 during midday trading on Monday, hitting $7.64. 202,983 shares of the company's stock were exchanged, compared to its average volume of 283,425. Manitowoc has a 12 month low of $7.06 and a 12 month high of $13.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97. The company has a market cap of $268.56 million, a PE ratio of 4.93 and a beta of 1.79. The firm has a 50-day moving average of $9.55 and a two-hundred day moving average of $9.65.

Manitowoc (NYSE:MTW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. As a group, analysts expect that Manitowoc will post 0.5 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Manitowoc

Several institutional investors have recently bought and sold shares of MTW. LPL Financial LLC grew its stake in Manitowoc by 10.0% during the 4th quarter. LPL Financial LLC now owns 11,374 shares of the industrial products company's stock worth $104,000 after buying an additional 1,030 shares during the last quarter. Northern Trust Corp raised its position in shares of Manitowoc by 0.5% in the 4th quarter. Northern Trust Corp now owns 304,363 shares of the industrial products company's stock valued at $2,779,000 after purchasing an additional 1,552 shares during the last quarter. Quantbot Technologies LP boosted its stake in Manitowoc by 20.9% in the 4th quarter. Quantbot Technologies LP now owns 10,257 shares of the industrial products company's stock worth $94,000 after purchasing an additional 1,771 shares in the last quarter. SG Americas Securities LLC grew its position in Manitowoc by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock worth $140,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Manitowoc by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company's stock valued at $7,643,000 after purchasing an additional 2,224 shares in the last quarter. 78.66% of the stock is currently owned by institutional investors and hedge funds.

Manitowoc Company Profile

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.