RE Advisers Corp Has $13,125,000 Stake in Manitowoc Company, Inc. (The) (NYSE:MTW)

RE Advisers Corp continued to hold its position in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,183,900 shares of the industrial products company’s stock at the end of the second quarter. RE Advisers Corp owned 1.55% of Manitowoc Company, Inc. (The) worth $13,125,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Manitowoc Company, Inc. (The) during the fourth quarter worth about $17,367,000. FMR LLC acquired a new position in shares of Manitowoc Company, Inc. (The) during the fourth quarter worth about $16,722,000. Dimensional Fund Advisors LP boosted its position in shares of Manitowoc Company, Inc. (The) by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after buying an additional 1,771,886 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in shares of Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter. Emerald Advisers Inc. PA now owns 1,646,016 shares of the industrial products company’s stock worth $9,382,000 after buying an additional 1,551,930 shares during the last quarter. Finally, Southpoint Capital Advisors LP boosted its position in shares of Manitowoc Company, Inc. (The) by 33.3% in the first quarter. Southpoint Capital Advisors LP now owns 6,000,000 shares of the industrial products company’s stock worth $34,200,000 after buying an additional 1,500,000 shares during the last quarter. Institutional investors own 79.25% of the company’s stock.

Shares of Manitowoc Company, Inc. (MTW) opened at 7.93 on Friday. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $8.40. The stock’s market capitalization is $1.11 billion. The company has a 50-day moving average of $6.20 and a 200-day moving average of $6.07.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. Manitowoc Company, Inc. (The)’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Equities analysts expect that Manitowoc Company, Inc. will post ($0.15) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “RE Advisers Corp Has $13,125,000 Stake in Manitowoc Company, Inc. (The) (NYSE:MTW)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.com-unik.info/2017/08/12/re-advisers-corp-has-13125000-stake-in-manitowoc-company-inc-the-nysemtw-updated-updated.html.

A number of equities analysts have issued reports on MTW shares. Jefferies Group LLC lifted their target price on shares of Manitowoc Company, Inc. (The) from $7.25 to $8.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Deutsche Bank AG lifted their target price on shares of Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the stock a “hold” rating in a research report on Friday, May 12th. BidaskClub cut shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded shares of Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.99.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

What are top analysts saying about Manitowoc Company Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Manitowoc Company Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit