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 0.2%. By the end of trading, Manitowoc fell $0.88 (-2.8%) to $30.44 on average volume. Throughout the day, 3,094,345 shares of Manitowoc exchanged hands as compared to its average daily volume of 2,980,300 shares. The stock ranged in price between $30.36-$31.64 after having opened the day at $31.37 as compared to the previous trading day's close of $31.32. Other companies within the Industrial Goods sector that declined today were: Highpower International ( HPJ), down 18.1%, Hovnanian ( HOV), down 10.4%, Skullcandy ( SKUL), down 9.5% and Global-Tech Advanced Innovations ( GAI), down 7.5%.

The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. It operates in two segments, Cranes and Related Products, and Foodservice Equipment. Manitowoc has a market cap of $4.1 billion and is part of the industrial industry. Shares are up 34.3% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Manitowoc a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Manitowoc as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, ZBB Energy Corporation ( ZBB), up 47.2%, Aerovironment Incorporated ( AVAV), up 21.3%, Smith & Wesson Holding Corporation ( SWHC), up 16.4% and Fuelcell Energy ( FCEL), up 15.5%.

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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