DA Davidson Reiterates Buy Rating for Modine Manufacturing (NYSE:MOD)

Key Points

• DA Davidson reiterated its Buy rating on Modine Manufacturing and kept a $265 price target, implying only modest downside from the prior close. Other analysts remain generally constructive, with the stock carrying a consensus Moderate Buy rating.
• Modine reported stronger-than-expected fiscal Q4 results, posting EPS of $1.71 versus $1.51 expected and revenue of $954.4 million versus $920.7 million expected. Revenue rose 47.5% year over year.
• The company highlighted a $4 billion long-term data center cooling contract that provides multi-year revenue visibility, and it also received a $165 million upfront cash payment to help fund capacity expansion.

Modine Manufacturing (NYSE:MOD - Get Free Report)'s stock had its "buy" rating restated by investment analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $265.00 target price on the auto parts company's stock. DA Davidson's price objective would indicate a potential downside of 2.46% from the company's previous close.

Several other research analysts have also recently commented on the company. Glj Research initiated coverage on Modine Manufacturing in a research report on Monday, March 30th. They issued a "buy" rating and a $290.00 target price for the company. Oppenheimer increased their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Zacks Research lowered shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, B. Riley Financial upped their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a "buy" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Modine Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $238.57.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded down $24.18 during mid-day 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 12 month low of $86.48 and a 12 month high of $323.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The firm has a market cap of $14.33 billion, a P/E ratio of 152.13, a PEG ratio of 1.06 and a beta of 1.66. The business's 50-day simple moving average is $241.71 and its 200-day simple moving average is $192.81.

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

Institutional Trading of Modine Manufacturing

Several large investors have recently added to or reduced their stakes in MOD. Vanguard Group Inc. raised its stake in shares of Modine Manufacturing by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company's stock valued at $722,297,000 after acquiring an additional 97,035 shares during the last quarter. Wellington Management Group LLP grew its position in Modine Manufacturing by 4.7% during the 4th 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 last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $311,503,000 after purchasing an additional 560,131 shares in the last quarter. Wasatch Advisors LP increased its holdings in 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 valued at $176,553,000 after purchasing an additional 23,955 shares in the last quarter. Finally, Capital Research Global Investors raised its position in 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 during the last quarter. 95.23% of the stock is owned by institutional investors.

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.

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