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NYSE:MOD

Modine Manufacturing (MOD) Stock Price, News & Analysis

Modine Manufacturing logo
$118.89 +0.87 (+0.74%)
(As of 12/20/2024 05:31 PM ET)

About Modine Manufacturing Stock (NYSE:MOD)

Key Stats

Today's Range
$113.49
$120.95
50-Day Range
$109.77
$143.22
52-Week Range
$56.74
$146.84
Volume
980,104 shs
Average Volume
551,534 shs
Market Capitalization
$6.24 billion
P/E Ratio
38.98
Dividend Yield
N/A
Price Target
$146.67
Consensus Rating
Buy

Company Overview

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. It also provides data center products consisting of IT cooling solutions, including precision air conditioning units for data center applications; computer room air conditioning and handler units; hybrid fan coils; fan walls; chillers; condensers; condensing units; and liquid cooling solutions for high-density computing, as well as replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, the company offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, and chillers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.

Modine Manufacturing Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
58th Percentile Overall Score

MOD MarketRank™: 

Modine Manufacturing scored higher than 58% of companies evaluated by MarketBeat, and ranked 42nd out of 91 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Modine Manufacturing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Modine Manufacturing has only been the subject of 2 research reports in the past 90 days.

  • Read more about Modine Manufacturing's stock forecast and price target.
  • Earnings Growth

    Earnings for Modine Manufacturing are expected to grow by 23.76% in the coming year, from $3.83 to $4.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Modine Manufacturing is 38.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Modine Manufacturing is 38.98, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 11.22.

  • Price to Earnings Growth Ratio

    Modine Manufacturing has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Modine Manufacturing has a P/B Ratio of 8.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    7.00% of the float of Modine Manufacturing has been sold short.
  • Short Interest Ratio / Days to Cover

    Modine Manufacturing has a short interest ratio ("days to cover") of 5.5.
  • Change versus previous month

    Short interest in Modine Manufacturing has recently increased by 7.78%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Modine Manufacturing does not currently pay a dividend.

  • Dividend Growth

    Modine Manufacturing does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    7.00% of the float of Modine Manufacturing has been sold short.
  • Short Interest Ratio / Days to Cover

    Modine Manufacturing has a short interest ratio ("days to cover") of 5.5.
  • Change versus previous month

    Short interest in Modine Manufacturing has recently increased by 7.78%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Modine Manufacturing has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Modine Manufacturing this week, compared to 8 articles on an average week.
  • Search Interest

    18 people have searched for MOD on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    Only 7 people have added Modine Manufacturing to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Modine Manufacturing insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.40% of the stock of Modine Manufacturing is held by insiders.

  • Percentage Held by Institutions

    95.23% of the stock of Modine Manufacturing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Modine Manufacturing's insider trading history.
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MOD Stock News Headlines

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Modine Manufacturing participates in a conference call with DA Davidson
See More Headlines

MOD Stock Analysis - Frequently Asked Questions

Modine Manufacturing's stock was trading at $59.70 on January 1st, 2024. Since then, MOD shares have increased by 99.1% and is now trading at $118.89.
View the best growth stocks for 2024 here
.

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings data on Tuesday, October, 29th. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm's revenue was up 6.0% on a year-over-year basis.

Modine Manufacturing's top institutional shareholders include FMR LLC (8.42%), State Street Corp (2.32%), Geode Capital Management LLC (2.23%) and Principal Financial Group Inc. (2.20%). Insiders that own company stock include Michael B Lucareli, Marsha C Williams, Brian Jon Agen, Christopher William Patterson and Larry Oscar Moore.
View institutional ownership trends
.

Shares of MOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Modine Manufacturing investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and AppLovin (APP).

Company Calendar

Last Earnings
10/29/2024
Today
12/21/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Auto Parts & Equipment
CUSIP
60782810
Employees
11,400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$146.67
High Stock Price Target
$155.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+23.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$161.50 million
Pretax Margin
9.17%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$3.95 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
51,243,000
Market Cap
$6.24 billion
Optionable
Optionable
Beta
2.31

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This page (NYSE:MOD) was last updated on 12/21/2024 by MarketBeat.com Staff
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