Modine Manufacturing Co. (NYSE:MOD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $25.00 for the company and are predicting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Modine Manufacturing an industry rank of 228 out of 257 based on the ratings given to related companies.

Several research firms have recently issued reports on MOD. Zacks Investment Research upgraded shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine downgraded shares of Modine Manufacturing from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th.

Several institutional investors and hedge funds have recently bought and sold shares of MOD. Principal Financial Group Inc. acquired a new position in shares of Modine Manufacturing during the first quarter valued at about $7,434,000. Xact Kapitalforvaltning AB acquired a new position in shares of Modine Manufacturing during the second quarter valued at about $215,000. James Investment Research Inc. acquired a new position in shares of Modine Manufacturing during the second quarter valued at about $707,000. Penn Capital Management Co. Inc. increased its holdings in Modine Manufacturing by 56.8% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 939,827 shares of the auto parts company’s stock worth $17,168,000 after buying an additional 340,302 shares during the period. Finally, Financial Consulate Inc. increased its holdings in Modine Manufacturing by 4.0% in the 2nd quarter. Financial Consulate Inc. now owns 129,246 shares of the auto parts company’s stock worth $2,359,000 after buying an additional 4,935 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

Shares of Modine Manufacturing stock opened at $12.82 on Friday. The stock has a market capitalization of $687.91 million, a price-to-earnings ratio of 8.32 and a beta of 1.65. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. Modine Manufacturing has a one year low of $11.55 and a one year high of $25.75.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, October 30th. The auto parts company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.11. The business had revenue of $548.90 million during the quarter, compared to the consensus estimate of $516.95 million. Modine Manufacturing had a net margin of 2.27% and a return on equity of 16.57%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. On average, sell-side analysts anticipate that Modine Manufacturing will post 1.56 EPS for the current year.

Modine Manufacturing declared that its board has initiated a stock buyback plan on Tuesday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 8.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.

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