In Tuesday’s session, The Manitowoc Company Inc. (NYSE:MTW) marked $14.77 per share, down from $16.74 in the previous session. While The Manitowoc Company Inc. has underperformed by -11.77%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTW rose by 0.82%, with highs and lows ranging from $20.20 to $7.53, whereas the simple moving average jumped by 29.92% in the last 200 days.
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On April 03, 2023, Goldman Downgraded The Manitowoc Company Inc. (NYSE: MTW) to Sell. A report published by Robert W. Baird on April 08, 2022, Downgraded its rating to ‘Neutral’ for MTW. Wells Fargo also rated MTW shares as ‘Underweight’, setting a target price of $17 on the company’s shares in an initiating report dated March 11, 2022. Barclays March 10, 2021d the rating to Underweight on March 10, 2021, and set its price target from $17 to $16. Stifel August 07, 2020d its ‘Buy’ rating to ‘Hold’ for MTW, as published in its report on August 07, 2020. Goldman’s report from April 20, 2020 suggests a price prediction of $11 for MTW shares, giving the stock a ‘Neutral’ rating. Citigroup also rated the stock as ‘Neutral’.
Analysis of The Manitowoc Company Inc. (MTW)
Further, the quarter-over-quarter increase in sales is 24.90%, showing a positive trend in the upcoming months.
The Manitowoc Company Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -19.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and MTW has an average volume of 369.17K. On a monthly basis, the volatility of the stock is set at 5.30%, whereas on a weekly basis, it is put at 5.85%, with a loss of -9.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.22, showing growth from the present price of $14.77, which can serve as yet another indication of whether MTW is worth investing in or should be passed over.
How Do You Analyze The Manitowoc Company Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in MTW shares?
The recent increase in stakes in MTW appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in MTW has increased by 6.56% in the first quarter. The company now owns 2,870,037 shares of the stock, with a value of $54.27 million, following the purchase of 176,597 additional shares during the last quarter. Front Street Capital Management, made another increased to its shares in MTW during the first quarter, upping its stake by 4.84%. During the last quarter, the company dropped down 120,169 additional shares for a total stake of worth $49.25 million, bringing number of shares owned by the company to 2,604,446.
During the first quarter, Dimensional Fund Advisors LP subtracted a -25,597 position in MTW. The Vanguard Group, Inc. purchased an additional 24848.0 shares in the last quarter, increasing its holdings by 1.35%, now holding 1.86 million shares worth $35.26 million. MTW shares are owned by institutional investors to the tune of 75.50% at present.
