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 down 0.1%. By the end of trading, Manitowoc rose $0.25 (1.2%) to $20.55 on heavy volume. Throughout the day, 4,844,615 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,711,300 shares. The stock ranged in a price between $20.27-$21.15 after having opened the day at $20.28 as compared to the previous trading day's close of $20.30. Other companies within the Industrial Goods sector that increased today were: Frontline ( FRO), up 11.8%, P & F Industries ( PFIN), up 7.6%, MagneGas Corporation ( MNGA), up 6.8% and Rexnord ( RXN), up 6.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $2.6 billion and is part of the industrial industry. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7. Shares are up 29.5% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Manitowoc a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Manitowoc as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins.

On the negative front, Intellicheck Mobilisa ( IDN), down 14.1%, OSI Systems ( OSIS), down 13.1%, China Advanced Construction Materials Group ( CADC), down 9.7% and Real Goods Solar ( RSOL), down 9.4% , were all laggards within the industrial goods sector with Ryland Group ( RYL) 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

null

More from Markets

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

Billionaire Investor Tim Draper Explains Why Bitcoin Will Hit $250,000 in 2022

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

M&A Trends Still on Investors' Minds Despite Worries Over Tariffs -- ICYMI

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

Dow Falls as U.S. Imposes Tariffs on $50 Billion of Chinese Goods

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit

General Motors Spikes on Report It's Considering Listing Shares of Cruise Unit