The Manitowoc Company, Inc. (NYSE:MTW) Shares Acquired by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its stake in The Manitowoc Company, Inc. (NYSE:MTW) by 94.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,041 shares of the industrial products company’s stock after purchasing an additional 18,957 shares during the period. Strong Tower Advisory Services owned about 0.11% of Manitowoc worth $356,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. US Bancorp DE increased its stake in shares of Manitowoc by 88.1% during the third quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock worth $27,000 after buying an additional 1,327 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Manitowoc by 63.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,828 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Manitowoc during the 3rd quarter worth $51,000. William B. Walkup & Associates Inc. acquired a new position in shares of Manitowoc during the second quarter worth $66,000. Finally, Quantbot Technologies LP raised its stake in Manitowoc by 94.7% in the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company’s stock valued at $82,000 after buying an additional 4,128 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. StockNews.com raised shares of Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Robert W. Baird cut their target price on Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.47.

Manitowoc Trading Up 1.7 %

NYSE:MTW opened at $9.30 on Monday. The stock has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $10.02. The Manitowoc Company, Inc. has a 1 year low of $8.30 and a 1 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.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14). The firm had revenue of $524.80 million for the quarter, compared to analyst estimates of $516.49 million. Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, equities research analysts forecast that The Manitowoc Company, Inc. will post 0.46 earnings per share for the current fiscal year.

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.