Manitowoc Co Inc (MTW): Today's Featured Industrial Goods Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Manitowoc ( MTW) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Manitowoc fell 37 cents (-2.5%) to $14.32 on heavy volume. Throughout the day, 4.6 million shares of Manitowoc exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $13.43-$14.78 after having opened the day at $13.48 as compared to the previous trading day's close of $14.69. Other companies within the Industrial Goods sector that declined today were: China Advanced Construction Materials Group ( CADC), down 12.6%, Renewable Energy Trade Board ( EBOD), down 12.2%, Art's-Way Manufacturing ( ARTW), down 9.2%, and Skullcandy ( SKUL), down 8.7%.
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The Manitowoc Company, Inc. engages in the design, manufacture, and sale of cranes and related products, and foodservice equipment worldwide. It operates through two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $1.96 billion and is part of the industrial industry. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are up 61.6% year to date as of the close of trading on Friday. Currently there are six analysts that rate Manitowoc a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Manitowoc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Fuelcell Energy ( FCEL), up 13.2%, Generac Holdings ( GNRC), up 12.4%, India Globalization Capital ( IGC), up 11%, and Bonso Electronics International ( BNSO), up 8.6%, were all gainers within the industrial goods sector with Precision Castparts ( PCP) being today's featured industrial goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

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