Columbus McKinnon Co. (NASDAQ:CMCO) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC boosted its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 18.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,218 shares of the industrial products company’s stock after purchasing an additional 14,742 shares during the quarter. Bridge City Capital LLC owned approximately 0.34% of Columbus McKinnon worth $3,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new position in shares of Columbus McKinnon during the fourth quarter valued at $425,000. KLP Kapitalforvaltning AS acquired a new position in Columbus McKinnon during the 4th quarter valued at about $250,000. Sei Investments Co. boosted its stake in Columbus McKinnon by 33.0% during the 4th quarter. Sei Investments Co. now owns 159,967 shares of the industrial products company’s stock valued at $5,957,000 after purchasing an additional 39,686 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Columbus McKinnon in the fourth quarter valued at approximately $1,674,000. Finally, Intech Investment Management LLC increased its stake in shares of Columbus McKinnon by 72.7% in the fourth quarter. Intech Investment Management LLC now owns 12,666 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 5,333 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Price Performance

Shares of NASDAQ:CMCO opened at $18.46 on Friday. The stock’s 50 day moving average price is $25.85 and its 200 day moving average price is $32.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The stock has a market cap of $528.20 million, a price-to-earnings ratio of 55.94 and a beta of 1.31. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. Equities research analysts anticipate that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 7th. This represents a $0.28 annualized dividend and a yield of 1.52%. Columbus McKinnon’s dividend payout ratio (DPR) is currently 84.85%.

Wall Street Analyst Weigh In

CMCO has been the subject of a number of recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday, February 18th. StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Insiders Place Their Bets

In related news, Director Christopher J. Stephens acquired 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $20.27 per share, with a total value of $101,350.00. Following the completion of the transaction, the director now owns 11,014 shares of the company’s stock, valued at approximately $223,253.78. This represents a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Chad R. Abraham bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $16.05 per share, for a total transaction of $321,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $321,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 27,819 shares of company stock valued at $473,064 over the last quarter. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.