Alpha Windward LLC lowered its position in Manitowoc Company Inc (NYSE:MTW) by 78.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,945 shares of the industrial products company’s stock after selling 46,695 shares during the period. Alpha Windward LLC’s holdings in Manitowoc were worth $509,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of MTW. Southpoint Capital Advisors LP grew its position in shares of Manitowoc by 29.2% in the 2nd quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock worth $46,578,000 after buying an additional 1,750,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Manitowoc by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,647,423 shares of the industrial products company’s stock worth $51,970,000 after buying an additional 1,499,384 shares during the last quarter. JHL Capital Group LLC grew its position in shares of Manitowoc by 100.0% in the 2nd quarter. JHL Capital Group LLC now owns 1,500,000 shares of the industrial products company’s stock worth $9,015,000 after buying an additional 750,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Manitowoc by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock worth $63,834,000 after buying an additional 471,356 shares during the last quarter. Finally, Van Den Berg Management I Inc. grew its position in shares of Manitowoc by 18.4% in the 3rd quarter. Van Den Berg Management I Inc. now owns 1,789,888 shares of the industrial products company’s stock worth $16,109,000 after buying an additional 278,220 shares during the last quarter.
Shares of Manitowoc Company Inc (NYSE MTW) traded down $0.03 during midday trading on Friday, reaching $34.36. 2,681,403 shares of the company’s stock traded hands, compared to its average volume of 660,865. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. Manitowoc Company Inc has a twelve month low of $21.00 and a twelve month high of $44.03.
Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Thursday, February 8th. The industrial products company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.11). Manitowoc had a net margin of 0.59% and a negative return on equity of 1.59%. The business had revenue of $481.50 million for the quarter, compared to analyst estimates of $423.27 million. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. equities research analysts forecast that Manitowoc Company Inc will post 0.56 earnings per share for the current year.
In other news, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $39.12 per share, for a total transaction of $150,768.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.82% of the company’s stock.
MTW has been the topic of a number of analyst reports. SunTrust Banks reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Manitowoc in a research report on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of Manitowoc from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Jefferies Group reiterated a “buy” rating on shares of Manitowoc in a research note on Friday, November 10th. Royal Bank of Canada upgraded shares of Manitowoc from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $48.00 in a research note on Wednesday, November 1st. Finally, Barclays assumed coverage on shares of Manitowoc in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $45.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.64.
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The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.
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