Fox Run Management L.L.C. Buys Shares of 9,744 Modine Manufacturing Company $MOD

Key Points

• Fox Run Management L.L.C. acquired a new stake of 9,744 shares in Modine Manufacturing Company, valued at approximately $748,000, as per their 13F filing.
• Multiple hedge funds increased their stakes in Modine during the first quarter, with some like First Horizon Advisors Inc. raising their stake by 442.4%.
• Modine Manufacturing reported an EPS of $1.06 for the latest quarter, surpassing analysts' expectations of $0.93, alongside a year-over-year revenue increase of 3.2% to $682.80 million.

Fox Run Management L.L.C. purchased a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,744 shares of the auto parts company's stock, valued at approximately $748,000.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Modine Manufacturing by 384.3% in the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after purchasing an additional 672,960 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of Modine Manufacturing by 187.3% during the 1st quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock valued at $67,220,000 after purchasing an additional 571,026 shares during the last quarter. J. Goldman & Co LP purchased a new stake in Modine Manufacturing during the 4th quarter valued at $43,201,000. T. Rowe Price Investment Management Inc. lifted its position in Modine Manufacturing by 27.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,207,181 shares of the auto parts company's stock worth $139,949,000 after buying an additional 262,936 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Modine Manufacturing in the fourth quarter worth $30,192,000. 95.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Modine Manufacturing

In other news, VP Brian Jon Agen sold 47,939 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total transaction of $5,297,259.50. Following the transaction, the vice president owned 90,015 shares in the company, valued at approximately $9,946,657.50. This trade represents a 34.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael B. Lucareli sold 40,422 shares of Modine Manufacturing stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the sale, the executive vice president owned 41,920 shares of the company's stock, valued at $5,888,502.40. The trade was a 49.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 200,561 shares of company stock valued at $25,462,844 in the last ninety days. Corporate insiders own 2.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MOD shares. Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Oppenheimer lifted their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, KeyCorp increased their price objective on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $145.67.

Modine Manufacturing Trading Up 0.2%

MOD traded up $0.2880 on Thursday, reaching $135.2180. 247,776 shares of the company traded hands, compared to its average volume of 1,201,976. The company has a market cap of $7.10 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 0.87 and a beta of 2.12. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $146.84. The firm has a fifty day simple moving average of $110.30 and a two-hundred day simple moving average of $95.10.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The business had revenue of $682.80 million for the quarter, compared to analyst estimates of $653.80 million. During the same period last year, the company posted $1.04 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

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.