Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,558 shares of Columbus McKinnon stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Alan S. Korman also recently made the following trade(s):
- On Thursday, November 30th, Alan S. Korman sold 261 shares of Columbus McKinnon stock. The stock was sold at an average price of $40.11, for a total transaction of $10,468.71.
Columbus McKinnon Corporation (NASDAQ:CMCO) opened at $38.58 on Friday. The firm has a market cap of $907.29, a price-to-earnings ratio of 23.48 and a beta of 1.90. Columbus McKinnon Corporation has a fifty-two week low of $22.88 and a fifty-two week high of $41.49. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.89.
Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share. analysts anticipate that Columbus McKinnon Corporation will post 1.95 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. Columbus McKinnon’s payout ratio is 18.82%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Columbus McKinnon in the third quarter valued at $141,000. Laurion Capital Management LP acquired a new position in shares of Columbus McKinnon in the second quarter valued at $202,000. Cubist Systematic Strategies LLC acquired a new position in shares of Columbus McKinnon in the third quarter valued at $202,000. Trexquant Investment LP acquired a new position in shares of Columbus McKinnon in the third quarter valued at $212,000. Finally, WealthTrust Axiom LLC acquired a new position in shares of Columbus McKinnon in the third quarter valued at $227,000. Institutional investors and hedge funds own 85.17% of the company’s stock.
CMCO has been the topic of a number of research reports. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, November 2nd. Finally, Roth Capital boosted their price objective on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $37.00.
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About Columbus McKinnon
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