Modine Manufacturing (NYSE:MOD) Shares Gap Up - Here's Why

Key Points

• Modine shares surged 26.9%, opening at $142 after a previous close of $106.10; they were last reported at $138.44.
• Reports say Samsung is discussing a potential acquisition of Modine, but no deal has been confirmed and terms have not been disclosed.
• Modine has started commercial production of Airedale chillers at its new Texas facility to expand data-center cooling capacity. Its latest quarterly revenue rose 34.6% year over year to $994.4 million, while EPS of $1.35 missed analyst expectations.

Modine Manufacturing Company (NYSE:MOD - Get Free Report)'s share price gapped up before the market opened on Friday. The stock had previously closed at $106.10, but opened at $142.00. Modine Manufacturing shares last traded at $138.4370, with a volume of 2,364,245 shares traded.

Top Modine Manufacturing Stories

These are some of the MOD stories that stood out recently:

• Positive Sentiment: Samsung is reportedly discussing a potential acquisition of Modine, which could put a takeover premium in play. The reports describe talks, not a completed agreement, and provide no confirmed deal terms. Samsung Said in Talks to Acquire Data Center Cooling Firm Modine
• Positive Sentiment: Modine has begun commercial production of Airedale chillers at its new Texas facility, expanding capacity to serve data-center customers. The ramp-up could help the company meet demand, though production will scale over time. Modine Commences Commercial Production of Airedale Chillers At Grand Prairie Facility
• Neutral Sentiment: Modine plans to present an update on its multiyear growth strategy and new financial targets at its November 18 Analyst and Investor Day. The details could give investors a clearer view of its growth and capacity plans. Modine to Host Analyst and Investor Day on November 18, 2026

Analysts Set New Price Targets

A number of research firms have issued reports on MOD. Robert W. Baird began coverage on shares of Modine Manufacturing in a report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 target price on the stock. KeyCorp lowered their price target on shares of Modine Manufacturing from $280.00 to $225.00 and set an "overweight" rating for the company in a report on Wednesday, November 4th. UBS Group lowered their price target on shares of Modine Manufacturing from $355.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, November 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Modine Manufacturing in a research report on Tuesday, August 25th. Finally, DA Davidson reissued a "buy" rating and set a $330.00 price objective on shares of Modine Manufacturing in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.89.

Modine Manufacturing Stock Up 26.9%

The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 56.23, a PEG ratio of 0.43 and a beta of 1.86. The company has a quick ratio of 1.34, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $160.34 and a 200-day moving average price of $213.34.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). Modine Manufacturing had a net margin of 3.58% and a return on equity of 25.96%. The business had revenue of $994.40 million during the quarter, compared to analyst estimates of $978.31 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business's revenue for the quarter was up 34.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Modine Manufacturing Company will post 6.25 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Modine Manufacturing during the second quarter worth approximately $765,540,000. Paradigm Capital Management Inc. NY purchased a new position in Modine Manufacturing during the second quarter worth approximately $388,140,000. Reinhart Partners LLC. raised its stake in Modine Manufacturing by 76.4% during the third quarter. Reinhart Partners LLC. now owns 980,220 shares of the auto parts company's stock worth $183,497,000 after purchasing an additional 424,534 shares during the period. Jupiter Topco LLC acquired a new position in shares of Modine Manufacturing in the 2nd quarter valued at $123,873,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Modine Manufacturing in the 2nd quarter valued at $123,747,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

About Modine Manufacturing

Modine Manufacturing Company is a global provider of thermal management solutions, serving markets that need to control heating, cooling and temperature-related performance. Founded in 1916 by Arthur B. Modine, the company is headquartered in Racine, Wisconsin. Through its Climate Solutions business, Modine supplies heating, ventilation and air conditioning equipment for commercial and industrial buildings, as well as cooling systems for data centers. Its offerings include chillers, heat exchangers and other equipment designed to manage indoor environments and remove heat from technology infrastructure.

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