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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.4%. By the end of trading, Manitowoc fell $0.65 (-3.1%) to $20.32 on heavy volume. Throughout the day, 3,354,803 shares of Manitowoc exchanged hands as compared to its average daily volume of 1,926,200 shares. The stock ranged in price between $20.07-$20.86 after having opened the day at $20.80 as compared to the previous trading day's close of $20.97. Other companies within the Industrial Goods sector that declined today were: China Advanced Construction Materials Group ( CADC), down 6.9%, Continental Materials Corporation ( CUO), down 5.0%, Ecotality ( ECTY), down 5.0% and Astrotech Corporation ( ASTC), down 3.7%.

Manitowoc Company, Inc. is a diversified, capital goods manufacturer. The Company is principally engaged in the design and manufacture of commercial ice machines, ice/beverage dispensers and refrigeration products for the foodservice, lodging, conve. Manitowoc has a market cap of $2.8 billion and is part of the industrial industry. Shares are up 33.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Manitowoc a buy, no analysts rate it a sell, and 6 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, China Development Group Corporation ( CTDC), up 14.3%, Exide Technologies ( XIDE), up 13.2%, UQM Technologies ( UQM), up 11.3% and LSI Industries ( LYTS), up 11.3% , were all gainers within the industrial goods sector with ABB ( ABB) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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