Modine Manufacturing (NYSE:MOD) Hits New 1-Year High - What's Next?

Key Points

• Modine Manufacturing shares reached a new one-year high of $154.00 during trading, reflecting a notable increase from a previous close of $138.52.
• Analyst ratings are mixed, with KeyCorp raising its price target to $160 and initiating an "overweight" rating, while Wall Street Zen downgraded the stock from "buy" to "hold."
• The company reported Q2 earnings of $1.06 per share, exceeding estimates of $0.93, and achieved revenues of $682.8 million, marking a 3.2% increase year-over-year.

Modine Manufacturing Company (NYSE:MOD - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $154.00 and last traded at $150.10, with a volume of 375189 shares changing hands. The stock had previously closed at $138.52.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MOD. KeyCorp boosted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Oppenheimer upped their price target on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $145.67.

Modine Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The company has a market cap of $8.13 billion, a P/E ratio of 44.33, a P/E/G ratio of 0.95 and a beta of 2.09. The firm has a 50 day moving average price of $124.22 and a two-hundred day moving average price of $100.71.

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

Insiders Place Their Bets

In other Modine Manufacturing news, insider Eric S. Mcginnis sold 25,173 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.86, for a total value of $3,545,868.78. Following the completion of the transaction, the insider owned 19,966 shares in the company, valued at $2,812,410.76. This trade represents a 55.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael B. Lucareli sold 80,661 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total value of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares of the company's stock, valued at approximately $8,587,843.60. This represents a 54.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,938 shares of company stock worth $31,001,392 over the last quarter. Insiders own 2.48% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MOD. Vanguard Group Inc. raised its holdings in shares of Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock valued at $398,145,000 after acquiring an additional 128,587 shares in the last quarter. Wellington Management Group LLP increased its stake in Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after purchasing an additional 1,841,640 shares during the period. Wasatch Advisors LP increased its stake in Modine Manufacturing by 1.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company's stock worth $176,553,000 after purchasing an additional 23,955 shares during the period. State Street Corp increased its stake in Modine Manufacturing by 4.2% in the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company's stock worth $128,985,000 after purchasing an additional 53,351 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Modine Manufacturing by 1.2% during the second quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company's stock valued at $119,690,000 after buying an additional 14,096 shares during the period. Institutional investors own 95.23% of the company's stock.

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.