B. Riley Boosts Earnings Estimates for Modine Manufacturing

Modine Manufacturing (NYSE:MOD - Free Report) - Research analysts at B. Riley increased their FY2026 earnings per share (EPS) estimates for shares of Modine Manufacturing in a research report issued to clients and investors on Friday, October 25th. B. Riley analyst J. Van. Sinderen now forecasts that the auto parts company will post earnings of $4.67 per share for the year, up from their prior estimate of $4.64. B. Riley currently has a "Buy" rating and a $140.00 price target on the stock. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.86 per share. B. Riley also issued estimates for Modine Manufacturing's FY2027 earnings at $5.85 EPS.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.18. Modine Manufacturing had a return on equity of 24.92% and a net margin of 6.70%. The company had revenue of $661.50 million for the quarter, compared to analysts' expectations of $633.55 million. During the same quarter last year, the business earned $0.85 earnings per share. Modine Manufacturing's revenue was up 6.3% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Oppenheimer lifted their price target on Modine Manufacturing from $135.00 to $144.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. William Blair initiated coverage on Modine Manufacturing in a research report on Monday, July 29th. They set an "outperform" rating on the stock. Finally, DA Davidson upped their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.33.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded up $3.79 during midday trading on Monday, hitting $131.04. The stock had a trading volume of 618,448 shares, compared to its average volume of 853,630. The company's 50-day moving average price is $121.89 and its 200-day moving average price is $107.71. Modine Manufacturing has a fifty-two week low of $38.61 and a fifty-two week high of $141.72. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $6.87 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 0.98 and a beta of 2.22.

Insider Activity at Modine Manufacturing

In other news, Director Marsha C. Williams sold 34,400 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the transaction, the director now directly owns 144,038 shares in the company, valued at $15,806,730.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Modine Manufacturing

Several institutional investors have recently added to or reduced their stakes in MOD. SG Americas Securities LLC raised its holdings in shares of Modine Manufacturing by 311.1% during the second quarter. SG Americas Securities LLC now owns 32,128 shares of the auto parts company's stock valued at $3,219,000 after purchasing an additional 24,312 shares during the period. Fred Alger Management LLC boosted its holdings in Modine Manufacturing by 5.1% in the second quarter. Fred Alger Management LLC now owns 369,840 shares of the auto parts company's stock worth $37,054,000 after acquiring an additional 17,889 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Modine Manufacturing in the first quarter valued at approximately $833,000. State Board of Administration of Florida Retirement System raised its position in shares of Modine Manufacturing by 327.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 62,841 shares of the auto parts company's stock worth $5,982,000 after purchasing an additional 48,150 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Modine Manufacturing by 58.3% in the 1st quarter. US Bancorp DE now owns 5,538 shares of the auto parts company's stock worth $527,000 after purchasing an additional 2,040 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.