Victory Capital Management Inc. lifted its holdings in The Manitowoc Company, Inc. (NYSE:MTW – Free Report) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 774,115 shares of the industrial products company’s stock after acquiring an additional 9,758 shares during the quarter. Victory Capital Management Inc.’s holdings in Manitowoc were worth $7,447,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System acquired a new stake in Manitowoc during the first quarter worth $245,000. Price T Rowe Associates Inc. MD raised its position in Manitowoc by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,810 shares of the industrial products company’s stock valued at $563,000 after buying an additional 1,516 shares during the last quarter. Boston Partners raised its stake in shares of Manitowoc by 22.9% during the 1st quarter. Boston Partners now owns 15,422 shares of the industrial products company’s stock worth $218,000 after purchasing an additional 2,874 shares in the last quarter. CWM LLC lifted its stake in shares of Manitowoc by 97.0% during the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company’s stock worth $35,000 after buying an additional 1,482 shares during the last quarter. Finally, Strong Tower Advisory Services acquired a new position in shares of Manitowoc in the second quarter valued at about $173,000. Institutional investors and hedge funds own 78.66% of the company’s stock.
Manitowoc Price Performance
Manitowoc stock opened at $10.61 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70. The Manitowoc Company, Inc. has a 52-week low of $8.50 and a 52-week high of $17.65. The firm’s fifty day moving average is $9.88 and its 200 day moving average is $10.69. The company has a market cap of $372.55 million, a price-to-earnings ratio of -39.28 and a beta of 1.84.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Manitowoc from $13.00 to $11.30 and set a “sell” rating for the company in a report on Friday, August 9th. Robert W. Baird dropped their target price on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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 note on Monday, October 14th. StockNews.com upgraded shares of Manitowoc from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Barclays cut their target price on shares of Manitowoc from $12.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.47.
View Our Latest Stock Analysis on Manitowoc
Manitowoc 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.
Featured Articles
- Five stocks we like better than Manitowoc
- How to Calculate Return on Investment (ROI)
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- Manufacturing Stocks Investing
- TJX Companies Stock Poised to Hit a New High This Year
Want to see what other hedge funds are holding MTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Manitowoc Company, Inc. (NYSE:MTW – Free Report).
Receive News & Ratings for Manitowoc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc and related companies with MarketBeat.com's FREE daily email newsletter.