Modine Manufacturing’s (MOD) “Buy” Rating Reiterated at B. Riley Financial

Modine Manufacturing (NYSE:MOD)‘s stock had its “buy” rating restated by equities research analysts at B. Riley Financial in a note issued to investors on Thursday,Benzinga reports. They presently have a $305.00 price objective on the auto parts company’s stock, down from their previous price objective of $340.00. B. Riley Financial’s target price would suggest a potential upside of 69.51% from the company’s previous close.

Several other research analysts have also commented on the company. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Glj Research reissued a “buy” rating and issued a $428.00 price objective on shares of Modine Manufacturing in a research note on Monday, June 1st. DA Davidson restated a “buy” rating and issued a $330.00 price objective on shares of Modine Manufacturing in a report on Monday, June 22nd. Finally, KeyCorp reduced their target price on shares of Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday. Seven 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 company currently has an average rating of “Moderate Buy” and an average price target of $320.14.

Modine Manufacturing Trading Up 1.1%

NYSE MOD traded up $1.90 during trading hours on Thursday, reaching $179.94. The company had a trading volume of 2,548,198 shares, compared to its average volume of 1,385,589. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.56 billion, a P/E ratio of 80.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.67. The stock has a 50-day moving average of $259.45 and a 200 day moving average of $229.97. Modine Manufacturing has a 1-year low of $111.18 and a 1-year high of $323.25.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.26. The business had revenue of $874.10 million for the quarter, compared to the consensus estimate of $878.69 million. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business’s revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. As a group, research analysts anticipate that Modine Manufacturing will post 7.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Modine Manufacturing

In other news, VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.17, for a total value of $11,299,697.94. Following the sale, the vice president owned 66,343 shares of the company’s stock, valued at $19,582,463.31. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Ashleman sold 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $288.54, for a total transaction of $4,328,100.00. Following the transaction, the director directly owned 42,350 shares of the company’s stock, valued at $12,219,669. This represents a 26.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,302 shares of company stock worth $15,928,759. 1.92% of the stock is owned by company insiders.

Institutional Trading of Modine Manufacturing

Several hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in Modine Manufacturing by 4.7% during the fourth quarter. Wellington Management Group LLP now owns 2,879,299 shares of the auto parts company’s stock worth $384,415,000 after acquiring an additional 130,511 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 purchasing an additional 560,131 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Modine Manufacturing by 1.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after purchasing an additional 23,955 shares during the period. Capital Research Global Investors increased its holdings in shares of Modine Manufacturing by 13.8% in the 4th quarter. Capital Research Global Investors now owns 1,478,224 shares of the auto parts company’s stock valued at $197,358,000 after purchasing an additional 179,617 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after purchasing an additional 720,389 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Modine Manufacturing

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

• Positive Sentiment: Modine reported fiscal Q1 2027 adjusted earnings of $1.53 per share, well above the $1.27 consensus estimate and up from $0.95 a year earlier. Revenue increased 28% year over year to $874.1 million, demonstrating continued momentum in the company’s thermal-management businesses. Modine Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Management reaffirmed its fiscal 2027 outlook, citing continued strength in its core growth engines. The company expects full-year revenue of approximately $3.8 billion to $4.3 billion, a range that includes the roughly $4.1 billion analyst consensus. Modine Fiscal 2027 Outlook
• Positive Sentiment: One valuation analysis characterized MOD stock as discounted relative to estimated fair value, potentially attracting investors who view the recent weakness as an entry opportunity. Modine Stock Looks Discounted Relative to Fair Value
• Neutral Sentiment: KeyCorp lowered its price target from $370 to $280 but maintained an Overweight rating. The revised target still implies substantial upside from recent trading levels, although the reduction signals more cautious expectations. KeyCorp Modine Price Target Update
• Negative Sentiment: Quarterly revenue of $874.1 million narrowly missed the $878.7 million consensus estimate. In addition, the company’s revenue guidance spans a relatively broad range, which may reinforce uncertainty about the pace of fiscal-year growth despite the earnings beat. Modine Q1 Earnings Top Estimates

Modine Manufacturing Company Profile

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.