Modine Manufacturing (NYSE:MOD) Given Buy Rating at DA Davidson

Modine Manufacturing (NYSE:MOD)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $265.00 price objective on the auto parts company’s stock. DA Davidson’s target price indicates a potential downside of 2.46% from the stock’s previous close.

A number of other research analysts have also commented on MOD. Oppenheimer increased their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Glj Research initiated coverage on Modine Manufacturing in a research report on Monday, March 30th. They set a “buy” rating and a $290.00 target price for the company. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Roth Mkm assumed coverage on Modine Manufacturing in a report on Wednesday, February 18th. They set a “buy” rating and a $263.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.57.

Modine Manufacturing Price Performance

MOD traded down $24.18 during midday trading on Wednesday, hitting $271.70. The company had a trading volume of 752,160 shares, compared to its average volume of 1,277,361. Modine Manufacturing has a twelve month low of $86.48 and a twelve month high of $323.25. The company has a market capitalization of $14.33 billion, a PE ratio of 152.13, a P/E/G ratio of 1.06 and a beta of 1.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The firm’s 50-day simple moving average is $241.71 and its 200-day simple moving average is $192.81.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. The company had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. Modine Manufacturing’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. Equities research analysts predict that Modine Manufacturing will post 4.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Modine Manufacturing

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors acquired a new position in shares of Modine Manufacturing during the 3rd quarter worth about $184,610,000. Invesco Ltd. raised its position in shares of Modine Manufacturing by 120.4% in the 4th quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after acquiring an additional 720,389 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Modine Manufacturing by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock worth $311,503,000 after acquiring an additional 560,131 shares during the last quarter. WT Asset Management Ltd acquired a new position in Modine Manufacturing during the fourth quarter valued at approximately $69,255,000. Finally, Janus Henderson Group PLC grew its holdings in Modine Manufacturing by 2,249.9% during the first quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock valued at $113,459,000 after purchasing an additional 501,229 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Key Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: The $4 billion contract gives Modine multi-year revenue visibility and reinforces the strength of its Airedale data center cooling business. Modine Announces Landmark $4 Billion Long-Term Capacity Agreement through 2029 with Strategic Data Center Customer for Airedale by Modine Cooling Solutions
• Positive Sentiment: The customer also made a $165 million upfront cash payment to help fund capacity expansion, which reduces financing risk and supports growth without immediate dilution or heavy debt reliance. Modine’s $4B AI Coup Freezes Out the Competition
• Positive Sentiment: Modine also reported stronger-than-expected fiscal Q4 results, with EPS of $1.71 versus $1.51 expected and revenue of $954.4 million versus $920.7 million expected, helped by 47.5% year-over-year revenue growth. Modine Reports Fourth Quarter Fiscal 2026 Results
• Neutral Sentiment: Management updated FY2027 revenue guidance to a range of $3.1 billion to $3.9 billion, which appears to support continued growth but leaves investors waiting for more detail on profit expectations.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.