Manitowoc
MTW

$9.13

1.4%

Market Cap: $321M

About: Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.

Employees: 4,800

Industrials Construction Machinery & Equipment

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

11% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 46

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

2.56% less ownership

Funds ownership: 80.23% [Q1] → 77.68% (-2.56%) [Q2]

10% less funds holding

Funds holding: 168 [Q1] → 151 (-17) [Q2]

20% less capital invested

Capital invested by funds: $398M [Q1] → $318M (-$79.6M) [Q2]

44% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 39

51% less call options, than puts

Call options by funds: $705K | Put options by funds: $1.43M

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$9

1%

downside

Avg. target

$12.06

32%

upside

High target

$14.50

59%

upside

5 analyst ratings

0 positive

0%

2 neutral

40%

3 negative

60%

Goldman Sachs Jerry Revich 50% 1-year accuracy 16 / 32 met price target	24%upside $11.30	Sell Maintained	9 Aug 2024
Barclays Adam Seiden 80% 1-year accuracy 8 / 10 met price target	1%downside $9	Underweight Maintained	9 Aug 2024
Goldman Sachs Jerry Revich 50% 1-year accuracy 16 / 32 met price target	42%upside $13	Sell Maintained	11 Jul 2024
JP Morgan Tami Zakaria 33% 1-year accuracy 6 / 18 met price target	37%upside $12.50	Neutral Maintained	10 Jul 2024
UBS Steven Fisher 57% 1-year accuracy 8 / 14 met price target	59%upside $14.50	Neutral Maintained	12 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about MTW published over the past 30 days

Zacks Investment Research

Why Is The Manitowoc Company (MTW) Down 9.4% Since Last Earnings Report?

The Manitowoc Company (MTW) reported earnings 30 days ago. What's next for the stock?

Why Is The Manitowoc Company (MTW) Down 9.4% Since Last Earnings Report?

The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) announced today that it has priced its previously announced private offering (the “Offering”) of $300 million aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”). The Notes will have an interest rate of 9.250% per annum and are being issued at a price equal to 100.000% of their face value. The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, b.

The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031

The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) announced today that it has commenced a private offering (the “Offering”) of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the “Notes”), subject to market and other conditions, including Manitowoc entering into an amendment to its existing asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, t.

The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031

The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Midwest IDEAS Conference on Thursday, August 29, 2024

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that President and Chief Executive Officer, Aaron H. Ravenscroft and Executive Vice President and Chief Financial Officer, Brian P. Regan will present and host 1x1 investor meetings at the Midwest IDEAS Conference in Chicago, Illinois, on Thursday, August 29, 2024. Manitowoc's presentation is scheduled at 10:15 a.m. ET and will be accessible through the conference webcast link at 2024 Midwest IDEAS Conference (w.

The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Midwest IDEAS Conference on Thursday, August 29, 2024

Zacks Investment Research

Unlocking The Manitowoc Company (MTW) International Revenues: Trends, Surprises, and Prospects

Examine The Manitowoc Company's (MTW) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

Unlocking The Manitowoc Company (MTW) International Revenues: Trends, Surprises, and Prospects

Zacks Investment Research

Manitowoc (MTW) Q2 Earnings Miss Estimates, '24 View Down

Manitowoc (MTW) expects adjusted earnings per share of 45-90 cents compared with the previously stated 95 cents to $1.55.

Manitowoc (MTW) Q2 Earnings Miss Estimates, '24 View Down

Zacks Investment Research

The Manitowoc Company, Inc. (MTW) Lags Q2 Earnings and Revenue Estimates

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.75 per share a year ago.

The Manitowoc Company, Inc. (MTW) Lags Q2 Earnings and Revenue Estimates

The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) today reported second-quarter net income of $1.6 million, or $0.04 per diluted share. Second-quarter adjusted net income(1) was $8.8 million, or $0.25 per diluted share. Net sales in the second quarter decreased 6.8% year-over-year to $562.1 million and were unfavorably impacted by $2.7 million from changes in foreign currency exchange rates. Second quarter adjusted EBITDA(1) was $36.0 million, a.

The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance

The Manitowoc Company Schedules Second-quarter 2024 Earnings Announcement and Conference Call

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that it will release its second-quarter 2024 results on Wednesday, August 7, 2024, after the close of market. The Company will host a conference call to discuss its results and outlook on Thursday, August 8, 2024, at 10:00 a.m. ET (9:00 a.m. CT). The conference call will be available via webcast on the Manitowoc website at http://ir.manitowoc.com in the “Events & Presentations” section. A replay of the confe.

The Manitowoc Company Schedules Second-quarter 2024 Earnings Announcement and Conference Call

Moody's Rating Upgrades Manitowoc to B1 from B2

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) is pleased to share that Moody's Ratings (Moody's) has upgraded the Company's credit rating to B1 from B2, reflecting the Company's solid operating performance. “This upgrade is a testament of Manitowoc's efforts to structurally reduce our exposure to cyclicality by deliberately targeting growth in the higher margin and more stable aftermarket parts and services and other non-new machine businesse.

Moody's Rating Upgrades Manitowoc to B1 from B2

See News Rankings