Modine Manufacturing (NYSE:MOD - Free Report) - Research analysts at DA Davidson cut their FY2026 earnings estimates for Modine Manufacturing in a research report issued to clients and investors on Tuesday, April 1st. DA Davidson analyst M. Summerville now anticipates that the auto parts company will earn $4.70 per share for the year, down from their previous estimate of $4.90. DA Davidson currently has a "Buy" rating and a $155.00 target price on the stock. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.88 per share.
Modine Manufacturing Stock Performance
MOD stock traded down $2.32 during trading on Wednesday, reaching $70.29. 2,257,866 shares of the company's stock were exchanged, compared to its average volume of 920,720. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $146.84. The firm has a market cap of $3.70 billion, a PE ratio of 23.59, a P/E/G ratio of 0.71 and a beta of 2.19. The company's fifty day moving average price is $87.93 and its 200-day moving average price is $114.22. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.
Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%.
Institutional Trading of Modine Manufacturing
A number of hedge funds and other institutional investors have recently modified their holdings of MOD. Vanguard Group Inc. grew its holdings in Modine Manufacturing by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 5,058,967 shares of the auto parts company's stock worth $586,486,000 after acquiring an additional 70,581 shares during the period. Invesco Ltd. grew its position in Modine Manufacturing by 1.0% in the fourth quarter. Invesco Ltd. now owns 2,012,533 shares of the auto parts company's stock worth $233,313,000 after buying an additional 20,085 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Modine Manufacturing by 2.8% in the fourth quarter. Driehaus Capital Management LLC now owns 1,439,980 shares of the auto parts company's stock valued at $166,937,000 after buying an additional 39,193 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Modine Manufacturing by 108.0% during the 4th quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company's stock valued at $165,596,000 after acquiring an additional 741,667 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Modine Manufacturing by 1.5% in the 3rd quarter. State Street Corp now owns 1,219,916 shares of the auto parts company's stock worth $161,993,000 after acquiring an additional 18,108 shares during the last quarter. Institutional investors own 95.23% of the company's stock.
Insider Buying and Selling
In other news, Director William A. Wulfsohn bought 2,530 shares of the business's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the transaction, the director now directly owns 7,277 shares of the company's stock, valued at approximately $578,012.11. This trade represents a 53.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.40% of the company's stock.
Modine Manufacturing declared that its Board of Directors has authorized a share buyback program on Friday, March 7th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.
About Modine Manufacturing
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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.
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