The SVP Human Resources & Administ of Manitowoc Company is Exercising Options

By Carrie Williams

Today, the SVP Human Resources & Administ of Manitowoc Company, Thomas Musial, exercised options of Manitowoc Company for $151.4K. The options were close to expired and Thomas Musial disposed stocks.

Following Thomas Musial’s last MTW Sell transaction on February 23, 2017, the stock climbed by 9.3%.

Based on Manitowoc Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $482 million and quarterly net profit of $35.3 million. In comparison, last year the company earned revenue of $378 million and had a GAAP net loss of $33.4 million. The company has a one-year high of $44.03 and a one-year low of $21. MTW’s market cap is $1.19B and the company has a P/E ratio of 151.56.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $41, reflecting a -18.2% downside. Five different firms, including Deutsche Bank and Goldman Sachs, currently also have a Sell rating on the stock.

The insider sentiment on Manitowoc Company has been positive according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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The Manitowoc Co., Inc. designs, manufactures and distributes a line of crawler mounted lattice boom cranes, under the Manitowoc brand. The company also designs and manufactures a line of top slewing and self erecting tower cranes, under the Potain brand; mobile telescopic cranes, under the Grove brand; and a line of hydraulically powered telescopic boom trucks, under the National Crane brand. It also provides crane product parts and services and crane rebuilding, remanufacturing and training services, which are delivered under the Manitowoc Crane Care brand. The company was founded in 1902 and is headquartered in Manitowoc, WI.