Empowered Funds LLC Buys 8,639 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

Empowered Funds LLC raised its stake in The Manitowoc Company, Inc. (NYSE:MTW) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,139 shares of the industrial products company’s stock after purchasing an additional 8,639 shares during the period. Empowered Funds LLC owned approximately 0.50% of Manitowoc worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Tectonic Advisors LLC raised its stake in shares of Manitowoc by 103.1% in the 4th quarter. Tectonic Advisors LLC now owns 79,465 shares of the industrial products company’s stock valued at $726,000 after buying an additional 40,333 shares in the last quarter. Hodges Capital Management Inc. raised its stake in shares of Manitowoc by 93.9% in the 4th quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company’s stock valued at $4,242,000 after buying an additional 225,090 shares in the last quarter. R Squared Ltd acquired a new position in shares of Manitowoc in the 4th quarter valued at $66,000. SG Americas Securities LLC raised its stake in shares of Manitowoc by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company’s stock valued at $140,000 after buying an additional 1,944 shares in the last quarter. Finally, Strong Tower Advisory Services raised its stake in shares of Manitowoc by 94.4% in the 4th quarter. Strong Tower Advisory Services now owns 39,041 shares of the industrial products company’s stock valued at $356,000 after buying an additional 18,957 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

Manitowoc Trading Up 1.3 %

Shares of Manitowoc stock opened at $11.05 on Friday. The stock has a market capitalization of $388.01 million, a P/E ratio of -40.91 and a beta of 1.83. 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 company has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.79. The Manitowoc Company, Inc. has a 12-month low of $8.30 and a 12-month high of $14.77.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a negative net margin of 0.40% and a positive return on equity of 2.40%. Research analysts expect that The Manitowoc Company, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Manitowoc from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Robert W. Baird dropped their target price on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Manitowoc currently has an average rating of “Hold” and a consensus target price of $12.47.

Manitowoc Company 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.