Modine Manufacturing Co. (NYSE:MOD) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $25.00 for the company and are expecting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Modine Manufacturing an industry rank of 156 out of 256 based on the ratings given to related companies.

A number of equities research analysts have commented on the stock. TheStreet cut shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. ValuEngine upgraded shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Zacks Investment Research cut shares of Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th.

Shares of NYSE MOD traded up $0.23 during trading on Friday, reaching $14.10. 5,251 shares of the company traded hands, compared to its average volume of 175,375. The firm’s 50 day moving average price is $13.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.86. The stock has a market capitalization of $711.70 million, a PE ratio of 9.04 and a beta of 1.98. Modine Manufacturing has a 52-week low of $9.75 and a 52-week high of $18.50.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Wednesday, May 22nd. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $556.70 million for the quarter, compared to the consensus estimate of $577.30 million. Modine Manufacturing had a net margin of 3.83% and a return on equity of 15.61%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. As a group, equities research analysts forecast that Modine Manufacturing will post 1.63 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Menta Capital LLC bought a new stake in shares of Modine Manufacturing during the fourth quarter valued at approximately $266,000. Prudential Financial Inc. raised its position in shares of Modine Manufacturing by 9.4% during the fourth quarter. Prudential Financial Inc. now owns 375,781 shares of the auto parts company’s stock valued at $4,062,000 after buying an additional 32,433 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Modine Manufacturing by 36.7% during the first quarter. Victory Capital Management Inc. now owns 142,424 shares of the auto parts company’s stock valued at $1,975,000 after buying an additional 38,224 shares during the last quarter. Stifel Financial Corp raised its position in shares of Modine Manufacturing by 30.9% during the fourth quarter. Stifel Financial Corp now owns 544,601 shares of the auto parts company’s stock valued at $5,859,000 after buying an additional 128,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Modine Manufacturing by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,264,982 shares of the auto parts company’s stock valued at $46,105,000 after buying an additional 39,017 shares during the last quarter. Institutional investors own 88.44% of the company’s stock.

Modine Manufacturing Company Profile

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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