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The Manitowoc Company Inc. (MTW) up 75.81% since start of the year

The Manitowoc Company Inc. (NYSE: MTW) is 75.81% higher on its value in year-to-date trading and has touched a low of $7.24 and a high of $23.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTW stock was last observed hovering at around $23.69 in the last trading session, with the day’s loss setting it -0.29%.

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Currently trading at $23.40, the stock is 8.63% and 18.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.33 million and changing -1.22% at the moment leaves the stock 76.28% off its SMA200. MTW registered 146.32% gain for a year compared to 6-month gain of 185.37%. The firm has a 50-day simple moving average (SMA 50) of $21.35 and a 200-day simple moving average (SMA200) of $14.88.

The stock witnessed a 10.80% loss in the last 1 month and extending the period to 3 months gives it a 73.33%, and is 4.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.48% over the week and 4.20% over the month.

The Manitowoc Company Inc. (MTW) has around 4200 employees, a market worth around $782.73M and $1.44B in sales. Fwd P/E is 22.50. Profit margin for the company is -1.30%. Distance from 52-week low is 223.20% and -1.89% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).

The Manitowoc Company Inc. (MTW) Analyst Forecasts

The Manitowoc Company Inc. quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $338.1M over the same period.The EPS is expected to shrink by -142.10% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 2.70% in year-over-year returns.

The Manitowoc Company Inc. (MTW) Top Institutional Holders

215 institutions hold shares in The Manitowoc Company Inc. (MTW), with 1.28M shares held by insiders accounting for 3.71% while institutional investors hold 77.52% of the company’s shares. The shares outstanding are 34.57M, and float is at 34.08M with Short Float at 3.73%. Institutions hold 74.64% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 2.83 million shares valued at $37.69 million. The investor’s holdings represent 8.16% of the MTW Shares outstanding. As of Dec 30, 2020, the second largest holder is Dimensional Fund Advisors LP with 2.71 million shares valued at $36.12 million to account for 7.82% of the shares outstanding. The other top investors are Front Street Capital Management, Inc. which holds 1.94 million shares representing 5.58% and valued at over $25.77 million, while Vanguard Group, Inc. (The) holds 5.18% of the shares totaling 1.8 million with a market value of $23.92 million.

The Manitowoc Company Inc. (MTW) Insider Activity

A total of 28 insider transactions have happened at The Manitowoc Company Inc. (MTW) in the last six months, with sales accounting for 14 and purchases happening 14 times.

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The Manitowoc Company Inc. (MTW): Who are the competitors?

The company’s main competitors (and peers) include The Middleby Corporation (MIDD) that is trading 203.61% up over the past 12 months. Caterpillar Inc. (CAT) is 89.46% up on the 1-year trading charts. Short interest in the company’s stock has risen 41.47% from the last report on Apr 14, 2021 to stand at a total of 1.27 million short shares sold with a short interest ratio of 2.73.

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