William Blair Analysts Decrease Earnings Estimates for MOD

Modine Manufacturing (NYSE:MOD - Free Report) - Analysts at William Blair reduced their Q1 2026 earnings per share estimates for Modine Manufacturing in a report released on Thursday, May 22nd. William Blair analyst B. Drab now anticipates that the auto parts company will post earnings of $1.03 per share for the quarter, down from their prior estimate of $1.16. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.88 per share. William Blair also issued estimates for Modine Manufacturing's Q2 2026 earnings at $1.12 EPS, Q3 2026 earnings at $1.07 EPS, FY2026 earnings at $4.61 EPS and FY2027 earnings at $5.51 EPS.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The auto parts company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.16. The firm had revenue of $647.20 million for the quarter, compared to analysts' expectations of $633.13 million. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

A number of other research analysts have also recently commented on the company. Oppenheimer upped their price objective on Modine Manufacturing from $114.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. DA Davidson reiterated a "buy" rating and set a $155.00 target price on shares of Modine Manufacturing in a report on Monday, March 17th.

Modine Manufacturing Trading Up 3.1%

NYSE:MOD traded up $2.78 on Monday, hitting $92.59. The stock had a trading volume of 1,038,728 shares, compared to its average volume of 952,804. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 0.71 and a beta of 2.08. The company has a fifty day moving average price of $85.27 and a two-hundred day moving average price of $103.02. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $146.84.

Institutional Trading of Modine Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of MOD. Intech Investment Management LLC raised its position in shares of Modine Manufacturing by 38.8% during the 1st quarter. Intech Investment Management LLC now owns 34,501 shares of the auto parts company's stock worth $2,648,000 after acquiring an additional 9,646 shares in the last quarter. Zimmer Partners LP acquired a new stake in shares of Modine Manufacturing during the 1st quarter worth about $768,000. Great Lakes Advisors LLC acquired a new stake in Modine Manufacturing during the first quarter worth approximately $1,069,000. Front Street Capital Management Inc. raised its holdings in Modine Manufacturing by 0.5% during the first quarter. Front Street Capital Management Inc. now owns 77,930 shares of the auto parts company's stock worth $5,981,000 after purchasing an additional 410 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Modine Manufacturing by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company's stock worth $2,857,000 after purchasing an additional 7,831 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, Director William A. Wulfsohn purchased 2,530 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the purchase, the director now directly owns 7,277 shares in the company, valued at approximately $578,012.11. This represents a 53.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

Modine Manufacturing announced that its board has authorized a share repurchase program on Friday, March 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

About Modine Manufacturing

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.