Manitowoc Co., Inc (NYSE: MTW) is -36.31% lower on its value in year-to-date trading and has touched a low of $8.50 and a high of $17.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTW stock was last observed hovering at around $10.56 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $10.63, the stock is 2.79% and 6.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.66% at the moment leaves the stock -7.02% off its SMA200. MTW registered -23.58% loss for a year compared to 6-month loss of -12.73%. The firm has a 50-day simple moving average (SMA 50) of $9.9348 and a 200-day simple moving average (SMA200) of $11.4584.
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The stock witnessed a 8.47% gain in the last 1 month and extending the period to 3 months gives it a 5.25%, and is 6.09% 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 3.72% over the week and 5.29% over the month.
Manitowoc Co., Inc (MTW) has around 4800 employees, a market worth around $373.40M and $2.18B in sales. Fwd P/E is 13.08. Profit margin for the company is -0.40%. Distance from 52-week low is 25.06% and -39.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.82%).
The EPS is expected to shrink by -70.02% this year
217.0 institutions hold shares in Manitowoc Co., Inc (MTW), with institutional investors hold 81.45% of the company’s shares. The shares outstanding are 35.09M, and float is at 33.76M with Short Float at 2.07%. Institutions hold 78.77% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.59 million shares valued at $52.95 million. The investor’s holdings represent 13.0211 of the MTW Shares outstanding. As of 2024-06-30, the second largest holder is FRONT STREET CAPITAL MANAGEMENT, INC. with 2.81 million shares valued at $32.36 million to account for 7.9586 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.31 million shares representing 6.5574 and valued at over $26.66 million, while DIMENSIONAL FUND ADVISORS LP holds 5.9154 of the shares totaling 2.09 million with a market value of $24.05 million.
Manitowoc Co., Inc (MTW) Insider Activity
The most recent transaction is an insider purchase by Regan Brian P, the company’s EVP & Chief Financial Officer. SEC filings show that Regan Brian P bought 1,200 shares of the company’s common stock on Nov 01 ’24 at a price of $8.86 per share for a total of $10633.0. Following the purchase, the insider now owns 0.11 million shares.
Manitowoc Co., Inc disclosed in a document filed with the SEC on Nov 01 ’24 that Cook James Steele (EVP, Human Resources) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $8.90 per share for $8900.0. Following the transaction, the insider now directly holds 42120.0 shares of the MTW stock.
Still, SEC filings show that on Aug 12 ’24, Cook James Steele (EVP, Human Resources) acquired 1,098 shares at an average price of $9.12 for $10008.0. The insider now directly holds 41,120 shares of Manitowoc Co., Inc (MTW).
