During the last session, Columbus Mckinnon Corp (NASDAQ:CMCO)’s traded shares were 0.75 million, with the beta value of the company hitting 1.29. At the end of the trading day, the stock’s price was $16.24, reflecting an intraday loss of -2.40% or -$0.4. The 52-week high for the CMCO share is $41.05, that puts it down -152.77 from that peak though still a striking 27.46% gain since the share price plummeted to a 52-week low of $11.78. The company’s market capitalization is $465.57M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 443.31K shares over the past three months.
Columbus Mckinnon Corp (NASDAQ:CMCO) trade information
Columbus Mckinnon Corp (CMCO) registered a -2.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.40% in intraday trading to $16.24, hitting a weekly high. The stock’s 5-day price performance is -0.92%, and it has moved by -0.61% in 30 days. Based on these gigs, the overall price performance for the year is -56.39%. The short interest in Columbus Mckinnon Corp (NASDAQ:CMCO) is 0.61 million shares and it means that shorts have 1.08 day(s) to cover.
The consensus price target of analysts on Wall Street is $49, which implies an increase of 66.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $48 and $50 respectively. As a result, CMCO is trading at a discount of -207.88% off the target high and -195.57% off the low.
Columbus Mckinnon Corp (CMCO) estimates and forecasts
In the rating firms’ projections, revenue will increase 0.76% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 230.88M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 240.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 239.73M and 242.27M respectively. In this case, analysts expect current quarter sales to shrink by -3.69% and then drop by -0.72% in the coming quarter.
While earnings are projected to return 0.04% in 2025.
CMCO Dividends
Columbus Mckinnon Corp is due to release its next quarterly earnings on 2025-May-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Columbus Mckinnon Corp is 0.28, with the dividend yield indicating at 1.72 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.78%.
Columbus Mckinnon Corp (NASDAQ:CMCO)’s Major holders
Columbus Mckinnon Corp insiders own 2.60% of total outstanding shares while institutional holders control 101.43%, with the float percentage being 104.14%. BLACKROCK INC. is the largest shareholder of the company, while 287.0 institutions own stock in it. As of 2024-06-30, the company held over 2.33 million shares (or 8.0943% of all shares), a total value of $80.61 million in shares.
The next largest institutional holding, with 1.89 million shares, is of DIMENSIONAL FUND ADVISORS LP’s that is approximately 6.5582% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $65.32 million.
Also, the Mutual Funds coming in first place with the largest holdings of Columbus Mckinnon Corp (CMCO) shares are Delaware Group Equity Funds V-Macquarie Small Cap Core Fund and AIM Sector Funds (Invesco Sector Funds)-INVESCO SMALL CAP VALUE FUND . Data provided on Feb 28, 2025 indicates that Delaware Group Equity Funds V-Macquarie Small Cap Core Fund owns about 1.65 shares. This amounts to just over 5.74 percent of the company’s overall shares, with a $26.74 million market value. The same data shows that the other fund manager holds slightly less at 1.08, or about 3.78% of the stock, which is worth about $17.61 million.
