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MTW $8.63

MTW target price
8.63
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The Manitowoc Company, Inc.
Type
Public
Traded as NYSE: MTW
Industry Manufacturing
Founded 1902
Headquarters 2400 South 44th Street
Manitowoc, Wisconsin
, United States
Key people
Barry L. Pennypacker (CEO)
Products Cranes
Revenue Decrease US$ 3.4 Billion
Operating income
Decrease US$0.1 Billion
Net income
Decrease US$0.1 Billion
Total assets Decrease US$3.5 Billion
Total equity Decrease US$0.8 Billion
Number of employees
11,000
Divisions Manitowoc Cranes, Manitowoc Foodservice
Website www.manitowoc.com

The Manitowoc Company, Inc. is a Fortune 1000 manufacturer of cranes and, until 2016, food service equipment. The company was founded in 1902, and is headquartered in Manitowoc, Wisconsin. On March 4, 2016, the company announced that it had completed the spin-off of its food service equipment operations into a new publicly traded company, Manitowoc Foodservices.

Manitowoc Company, Inc. was founded by Charles West and Elias Gunnell in the lakeshore community of Manitowoc, Wisconsin, in 1902. It was known as a shipbuilding and ship-repair company under the name Manitowoc Shipbuilding Company. Since that time, the company has grown and diversified, entering the lattice-boom crane business in the mid-1920s and branching into commercial refrigeration equipment shortly after World War II. During World War II, the Department of the Navy contracted Manitowoc to build a total of 28 submarines, plus the canceled USS Chicolar (SS-464). Before they built the submarines for the Department of the Navy, the company built car ferries. In November 2002, the company acquired the Grove Crane company for approximately $271 million.

Manitowoc produces several lines of cranes to serve the construction industries. The company produces high-capacity lattice-boom crawler cranes, tower cranes, and mobile telescopic cranes for heavy construction, commercial construction, energy-related, wind farm, infrastructure, duty-cycle and crane-rental applications. It is also a producer of boom trucks.

Main Brands:

Manitowoc Foodservice is a sub-division of the Manitowoc Company that produces ice machines and refrigeration equipment for businesses.

In 2008, the company acquired Enodis PLC, a UK-based supplier of restaurant equipment, including fryers, ovens, and ice machines. Manitowoc Foodservice announced that they would be selling off the ice division of Enodis, and the sale of that division has been completed.

On March 4, 2016 The Manitowoc Company completed a one for one common share split and created Manitowoc Foodservices. As of March 7, 2016 the newly created company began standard stock offerings on the NYSE under the symbol "MFS"

The newly formed company is under the leadership of former Manitowoc Company executive Hubertus M. Muehlhaeuser, who currently has eight direct reports are the current executives. They are supported by a seven-member board of directors which includes Mr. Muehlhaeuser.

Manitowoc Foodservices consists of 23 global brands that include 12 holding either #1 or #2 position in their respected global markets.

Manitowoc Marine was a subdivision of the Manitowoc Company, which builds and repairs commercial and military ships at yards in Marinette, Wisconsin; Sturgeon Bay, Wisconsin; and Cleveland, Ohio. The Marinette shipyard, Marinette Marine, built the first Freedom class littoral combat ship for the United States Navy, and the United States Coast Guard Cutter Mackinaw. In August 2008, Manitowoc Marine Division repaired the SS Badger. The SS Badger is like the car ferries that were built by Manitowoc Company before they built 28 submarines for the defense department during World War II. The Manitowoc Company announced in August 2008 a proposal to sell the marine division to Italian shipbuilder Fincantieri. The sale closed on December 31, 2008.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-04 0.21 0.21
Q1 2022 2022-05-03 0.03 0.03
Q4 2021 2022-02-21 0.27 0.27
Q3 2021 2021-11-03 0.06 0.06
Q2 2021 2021-08-05 0.60 0.60
Q1 2021 2021-05-05 -0.06 -0.06
Q4 2020 2021-02-09 0.19 0.19
Q3 2020 2020-11-04 0.10 0.10
Q2 2020 2020-08-05 -0.47 -0.47

Ratings

2016-05-14 Reiterated Rating Citigroup Inc. Hold
2016-05-13 Boost Price Target Citigroup Inc. Neutral $4.50 to $6.00
2016-05-09 Reiterated Rating Jefferies Group Buy $5.00 to $7.00
2016-05-09 Boost Price Target Stifel Nicolaus Buy $6.00 to $7.00
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-05-06 Upgrade Seaport Global Securities Neutral to Buy $5.00 to $7.00
2016-05-05 Reiterated Rating Credit Suisse Hold $4.24
2016-05-05 Reiterated Rating Credit Suisse Group AG Hold $4.24
2016-04-20 Upgrade Stifel Nicolaus Hold to Buy $6.00
2016-04-04 Downgrade Credit Suisse Outperform to Neutral $5.10 to $4.24
2016-04-02 Reiterated Rating Citigroup Inc. Hold
2016-03-31 Boost Price Target Citigroup Inc. Neutral $3.38 to $4.50
2016-03-28 Boost Price Target Goldman Sachs $3.25 to $3.75
2016-03-28 Boost Price Target Goldman Sachs Group Inc. $3.25 to $3.75
2016-03-27 Reiterated Rating Credit Suisse Buy
2016-03-14 Lower Price Target Jefferies Group $18.50 to $5.50
2016-03-09 Reiterated Rating Goldman Sachs Neutral $3.25
2016-03-08 Boost Price Target Barclays Equal Weight $4.00 to $14.00
2016-03-08 Boost Price Target Barclays PLC Equal Weight $4.00 to $14.00
2016-02-01 Lower Price Target Deutsche Bank Hold $18.00 to $17.00
2016-02-01 Boost Price Target Robert W. Baird Neutral $15.00 to $16.00
2016-02-01 Reiterated Rating Jefferies Group Buy $17.00 to $18.50
2016-02-01 Lower Price Target Deutsche Bank AG Hold $18.00 to $17.00
2016-01-31 Reiterated Rating William Blair Market Perform $14.00
2016-01-29 Reiterated Rating Credit Suisse Buy $15.50
2016-01-20 Lower Price Target Jefferies Group Buy $21.00 to $17.00
2016-01-14 Lower Price Target JPMorgan Chase & Co. $14.50 to $13.00
2016-01-13 Lower Price Target Credit Suisse $17.00 to $15.50
2015-12-03 Reiterated Rating RBC Capital Sector Perform $23.00 to $20.00
2015-12-03 Reiterated Rating Citigroup Inc. Neutral $20.00 to $22.00
2015-12-03 Reiterated Rating Royal Bank Of Canada Sector Perform $23.00 to $20.00
2015-11-13 Reiterated Rating Jefferies Group Buy $17.50 to $21.00
2015-11-03 Initiated Coverage SunTrust Neutral $16.00
2015-11-03 Initiated Coverage SunTrust Banks Inc. Neutral $16.00
2015-11-02 Lower Price Target RBC Capital Sector Perform $16.00 to $15.00
2015-11-01 Reiterated Rating Deutsche Bank Hold $18.00
2015-10-30 Lower Price Target Barclays Equal Weight $15.00 to $14.00
2015-10-21 Reiterated Rating Barclays Equal Weight $16.00 to $15.00
2015-10-21 Downgrade Morgan Stanley Overweight to Equal Weight $24.00 to $14.00
2015-10-15 Lower Price Target RBC Capital Sector Perform $19.00 to $16.00
2015-10-15 Downgrade Stifel Nicolaus Buy to Hold $23.00
2015-10-15 Downgrade Robert W. Baird Outperform to Neutral $22.00 to $15.00
2015-10-09 Boost Price Target JPMorgan Chase & Co. $17.00 to $18.50
2015-10-02 Lower Price Target Credit Suisse Outperform $22.00 to $17.00
2015-09-24 Initiated Coverage Barclays Equal Weight $16.00
2015-08-26 Reiterated Rating Jefferies Group Buy $22.00
2015-08-25 Reiterated Rating Deutsche Bank Hold $18.00
2015-07-31 Reiterated Rating Credit Suisse Buy $24.00 to $22.00
2015-07-31 Lower Price Target Deutsche Bank Hold $23.00 to $18.00
2015-07-31 Reiterated Rating Stifel Nicolaus Buy $26.00 to $23.00
2015-07-30 Downgrade BB&T Corp. Buy to Hold
2015-07-27 Downgrade Goldman Sachs Neutral to Sell $19.00 to $14.00
2015-07-07 Lower Price Target Robert W. Baird Outperform $26.00 to $25.00
2015-06-09 Reiterated Rating Morgan Stanley Buy
2015-04-24 Downgrade RBC Capital Outperform to Sector Perform $23.00 to $20.00
2015-04-17 Set Price Target Credit Suisse Buy $24.00
2015-02-02 Reiterated Rating Citigroup Inc. Hold $20.00 to $22.00
2015-01-30 Boost Price Target Deutsche Bank Hold $20.00 to $23.00
2015-01-20 Reiterated Rating Citigroup Inc. Hold $24.00 to $20.00
2015-01-20 Lower Price Target Barclays Overweight $25.00 to $24.00
2015-01-16 Reiterated Rating Jefferies Group Buy $25.00 to $23.00
2014-12-30 Reiterated Rating William Blair Market Perform $20.00
2014-12-30 Initiated Coverage Credit Suisse Buy $27.00 to $22.79
2014-12-29 Downgrade Needham & Company LLC Hold
2014-12-29 Upgrade BB&T Corp. Hold to Buy $26.00
2014-12-15 Lower Price Target Deutsche Bank Hold $23.00 to $20.00
2014-11-18 Upgrade Jefferies Group Hold to Buy $23.00 to $25.00
2014-11-13 Initiated Coverage Citigroup Inc. Neutral
2014-10-29 Lower Price Target Stifel Nicolaus Buy $37.00 to $30.00
2014-10-10 Downgrade BB&T Corp. Buy to Hold
2014-10-10 Reiterated Rating Barclays Overweight $32.00 to $25.00
2014-10-10 Lower Price Target Deutsche Bank Hold $27.00 to $23.00
2014-10-10 Downgrade BMO Capital Markets Market Perform to Underperform $28.00 to $24.00
2014-10-08 Reiterated Rating Jefferies Group Hold $28.00 to $25.00
2014-09-23 Lower Price Target Stifel Nicolaus Buy $39.00 to $37.00
2014-08-01 Lower Price Target RBC Capital $34.00 to $33.00
2014-08-01 Lower Price Target Global Hunter Securities $30.00 to $26.00
2014-08-01 Lower Price Target Robert W. Baird $38.00 to $34.00
2014-08-01 Lower Price Target Barclays Overweight $36.00 to $32.00
2014-08-01 Lower Price Target Jefferies Group Hold $33.00 to $28.00
2014-08-01 Lower Price Target Seaport Global Securities $30.00 to $26.00
2014-07-15 Boost Price Target Robert W. Baird $36.00 to $38.00
2014-07-07 Reiterated Rating Barclays Overweight $32.00 to $36.00
2014-06-30 Reiterated Rating Credit Suisse Outperform $34.00 to $39.00
2014-06-27 Downgrade BMO Capital Markets Outperform to Market Perform $34.00
2014-06-27 Upgrade Jefferies Group Underperform to Hold $24.00 to $33.00
2014-06-19 Initiated Coverage Global Hunter Securities Neutral $30.00
2014-06-19 Initiated Coverage Seaport Global Securities Neutral $30.00
2014-05-20 Reiterated Rating Morgan Stanley Overweight $36.00
2014-03-24 Downgrade Jefferies Group Hold to Underperform $24.00
2014-02-20 Initiated Coverage Deutsche Bank Hold $31.00
2014-02-03 Reiterated Stifel Buy $29 to $33
2014-02-03 Boost Price Target Barclays Overweight $28.00 to $32.00
2014-02-03 Boost Price Target Stifel Nicolaus Buy $29.00 to $33.00
2014-02-03 Downgrade Longbow Research Buy to Neutral $29.00
2014-02-03 Boost Price Target Robert W. Baird $30.00 to $34.00
2014-02-03 Boost Price Target JPMorgan Chase & Co. Buy $24.00 to $26.00
2014-01-31 Boost Price Target Credit Suisse $31.00 to $34.00
2014-01-24 Reiterated Rating Morgan Stanley Overweight $30.00
2014-01-13 Boost Price Target Barclays Overweight $23.00 to $28.00
2014-01-08 Upgrade Morgan Stanley Equal Weight to Overweight $23.00 to $30.00
2014-01-07 Initiated Coverage Jefferies Group Hold
2014-01-07 Boost Price Target Robert W. Baird $24.00 to $30.00
2013-12-18 Initiated Coverage CRT Capital Buy $26.00
2013-12-09 Upgrade Longbow Research Neutral to Buy $27.00
2013-12-05 Downgrade Goldman Sachs Buy to Neutral $23.00 to $21.00
2013-11-20 Initiated Coverage Credit Suisse Outperform
2013-11-07 Initiated Coverage Credit Suisse Outperform $26.00
2013-01-30 Upgrade BB&T Capital Mkts Hold to Buy $22
2012-02-10 Initiated BB&T Capital Mkts Hold
2011-11-10 Reiterated UBS Neutral $10 to $12
2011-11-07 Reiterated Barclays Capital Overweight $14 to $16
2011-10-17 Reiterated RBC Capital Mkts Outperform $27 to $17
2011-07-19 Initiated William Blair Mkt Perform $19
2016-05-14 Reiterated Rating Citigroup Inc. Hold
2016-05-13 Boost Price Target Citigroup Inc. Neutral $4.50 to $6.00
2016-05-09 Reiterated Rating Jefferies Group Buy $5.00 to $7.00
2016-05-09 Boost Price Target Stifel Nicolaus Buy $6.00 to $7.00
2016-05-08 Reiterated Rating Robert W. Baird Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TELLOCK GLEN E President and CEO 0.48%  (642895) ASTE / BMI / MTW /
PACKARD JAMES L 0.14%  (192035) CLC / MTW / PLOW /
LAURINO CARL J SVP and CFO 0.12%  (168619) MTW /
JONES MAURICE D SVP, General Counsel and Secre 0.12%  (161913) MFS / MTW /
Etchart Eric Sr. Vice President 0.09%  (128333) ALG / GGG / MTW / WDFC /
Weyers Lawrence Joseph Senior Vice President 0.08%  (110259) MTW /
STIFT ROBERT C 0.08%  (108439) MTW /
KACHMER MICHAEL J Senior Vice President 0.07%  (90259) MTW /
Hund Robert M. President, Foodservice 0.05%  (67341) MTW /
EGNOTOVICH CYNTHIA M 0.05%  (62754) HXL / MFS / MTW /
PENNYPACKER BARRY President & CEO 0.04%  (59950) MTW /
MUSIAL THOMAS G SVP HR and Administration 0.04%  (50964) MTW /
KRUEGER KENNETH W 0.04%  (47866) AIN / MTW / PLOW /
NOSBUSCH KEITH D 0.03%  (36980) MTW / ROK /
ARMES ROY V 0.02%  (33636) AGCO / CTB / MTW /
Ravenscroft Aaron H. Executive Vice President 0.02%  (28456) MTW /
Ruck Peter A SVP Business Development 0.02%  (26710) MTW /
Raymond Louis F. SV, General Counsel & Secretar 0.02%  (22678) MTW /
Myers Charles David 0.02%  (21017) MTW /
Condon Donald Marion Jr 0.02%  (20592) MTW / WLK /
Nolden Dean J VP Finance & Treasurer 0.01%  (19386) BYLK / MTW / REVG /
Chow Joan Kai 0.01%  (16936) MFS / MTW /
BOHN ROBERT G 0.01%  (15119) CSL / MTW / PH /
LYNN JESSE 0.01%  (14446) HLF / MTW /
Pfeifer John Charles 0.01%  (13413) MTW /
Cooney Anne M 0.01%  (13413) MTW /
ALAPONT JOSE MARIA 0.01%  (13412) FDML / MTW / NAV /
Antoniuk David J SVP & Chief Financial Officer 0.01%  (7000) MTW /