Modine Manufacturing (NYSE:MOD) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Modine Manufacturing received a "hold (C+)" rating from Weiss Ratings, reflecting a cautious outlook from analysts on the stock's performance.
• Recent reports from other brokerages show a mix of ratings, with Oppenheimer and DA Davidson giving outperform and buy ratings, while Zacks Research and Wall Street Zen downgraded their assessments to a "hold".
• The company's stock price has seen fluctuations, with shares currently up by 3.3%, and the average target price set at $155.67 from analysts.

Modine Manufacturing (NYSE:MOD - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on MOD. Oppenheimer increased 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. DA Davidson reiterated a "buy" rating and issued a $185.00 price target on shares of Modine Manufacturing in a research note on Monday, September 29th. Zacks Research lowered shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, KeyCorp increased their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $155.67.

Modine Manufacturing Stock Up 3.3%

Shares of NYSE MOD opened at $154.82 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Modine Manufacturing has a 12 month low of $64.79 and a 12 month high of $159.54. The firm has a market capitalization of $8.13 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 0.95 and a beta of 2.06. The firm has a fifty day simple moving average of $142.21 and a two-hundred day simple moving average of $108.64.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $653.80 million. During the same period in the prior year, the business earned $1.04 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current year.

Insider Activity at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the sale, the director owned 120,689 shares of the company's stock, valued at $16,265,256.53. This trade represents a 17.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric S. Mcginnis sold 25,173 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the sale, the insider directly owned 19,966 shares in the company, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock worth $31,001,392 in the last ninety days. 2.48% of the stock is currently owned by company insiders.

Institutional Trading of Modine Manufacturing

A number of institutional investors have recently made changes to their positions in MOD. GAMMA Investing LLC boosted its holdings in shares of Modine Manufacturing by 12,418.7% during the 1st quarter. GAMMA Investing LLC now owns 28,167 shares of the auto parts company's stock valued at $2,162,000 after acquiring an additional 27,942 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Modine Manufacturing by 2.2% during the 1st quarter. Rhumbline Advisers now owns 81,418 shares of the auto parts company's stock valued at $6,249,000 after acquiring an additional 1,754 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Modine Manufacturing by 422.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,475 shares of the auto parts company's stock worth $199,000 after purchasing an additional 2,001 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Modine Manufacturing in the 1st quarter worth approximately $460,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Modine Manufacturing by 159.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock worth $766,000 after purchasing an additional 6,134 shares during the period. Hedge funds and other 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.

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