Columbus Mckinnon Corp (NASDAQ: CMCO) is -44.95% lower on its value in year-to-date trading and has touched a low of $19.55 and a high of $45.84 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 CMCO stock was last observed hovering at around $19.84 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $20.50, the stock is -39.29% and -43.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 3.33% at the moment leaves the stock -43.15% off its SMA200. CMCO registered -52.33% loss for a year compared to 6-month gain of -36.75%. The firm has a 50-day simple moving average (SMA 50) of $36.4682 and a 200-day simple moving average (SMA200) of $36.16845.
The stock witnessed a -42.19% loss in the last 1 month and extending the period to 3 months gives it a -44.74%, and is -40.99% down 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 9.75% over the week and 4.30% over the month.
Columbus Mckinnon Corp (CMCO) has around 3515 employees, a market worth around $586.55M and $981.64M in sales. Current P/E ratio is 64.55 and Fwd P/E is 7.19. Profit margin for the company is 0.95%. Distance from 52-week low is 4.89% and -55.28% from its 52-week high. The company has generated returns on investments over the last 12 months (0.68%).
The EPS is expected to shrink by -9.33% this year
289.0 institutions hold shares in Columbus Mckinnon Corp (CMCO), with institutional investors hold 106.16% of the company’s shares. The shares outstanding are 28.61M, and float is at 27.87M with Short Float at 1.89%. Institutions hold 102.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.33 million shares valued at $80.61 million. The investor’s holdings represent 8.1241 of the CMCO Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 1.89 million shares valued at $65.32 million to account for 6.5582 of the shares outstanding. The other top investors are FRANKLIN RESOURCES INC which holds 1.87 million shares representing 6.5065 and valued at over $64.56 million, while MACQUARIE GROUP LTD holds 5.5201 of the shares totaling 1.59 million with a market value of $54.77 million.
Columbus Mckinnon Corp (CMCO) Insider Activity
The most recent transaction is an insider purchase by STEPHENS CHRISTOPHER J, the company’s Director. SEC filings show that STEPHENS CHRISTOPHER J bought 1,000 shares of the company’s common stock on Nov 14 ’24 at a price of $37.34 per share for a total of $37340.0. Following the purchase, the insider now owns 6014.0 shares.
Columbus Mckinnon Corp disclosed in a document filed with the SEC on Nov 01 ’24 that Wilson David J. (President & CEO) bought a total of 31,300 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $32.02 per share for $1.0 million. Following the transaction, the insider now directly holds 31300.0 shares of the CMCO stock.
Still, SEC filings show that on May 31 ’24, STEPHENS CHRISTOPHER J (Director) acquired 1,500 shares at an average price of $38.71 for $58065.0. The insider now directly holds 1,500 shares of Columbus Mckinnon Corp (CMCO).
