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

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 higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.5%. By the end of trading, Manitowoc rose 28 cents (1.9%) to $14.78 on light volume. Throughout the day, 1.9 million shares of Manitowoc exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $14.40-$14.89 after having opened the day at $14.47 as compared to the previous trading day's close of $14.50. Other companies within the Industrial Goods sector that increased today were: China BAK Battery ( CBAK), up 54.1%, NF Energy Saving ( NFEC), up 25.8%, JinkoSolar ( JKS), up 13.1%, and TAT Technologies ( TATT), up 12%.
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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 $1.91 billion and is part of the industrial industry. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7. Shares are up 57.2% 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, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Generac Holdings ( GNRC), down 9.3%, Dixie Group ( DXYN), down 8%, Avalon Holdings ( AWX), down 6.3%, and Ultralife Batteries ( ULBI), down 5.7%, were all laggards within the industrial goods sector with Allegheny Technologies ( ATI) being today's industrial goods sector laggard.

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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