Equities Analysts Issue Forecasts for MOD Q4 Earnings

Modine Manufacturing (NYSE:MOD - Free Report) - Research analysts at William Blair increased their Q4 2026 earnings per share estimates for shares of Modine Manufacturing in a research report issued on Thursday, May 22nd. William Blair analyst B. Drab now anticipates that the auto parts company will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.28. The consensus estimate for Modine Manufacturing's current full-year earnings is $3.88 per share.

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

Modine Manufacturing Price Performance

MOD traded down $1.92 during trading on Friday, reaching $90.53. The company's stock had a trading volume of 282,535 shares, compared to its average volume of 950,170. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 0.71 and a beta of 2.08. The firm has a fifty day simple moving average of $85.37 and a two-hundred day simple moving average of $102.95. Modine Manufacturing has a 1 year low of $64.79 and a 1 year high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

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

Institutional Trading of Modine Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of MOD. Nisa Investment Advisors LLC increased its position in shares of Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock valued at $157,000 after acquiring an additional 82 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Modine Manufacturing by 5.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company's stock worth $154,000 after purchasing an additional 105 shares during the period. IFP Advisors Inc increased its holdings in Modine Manufacturing by 14.2% in the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 113 shares during the last quarter. Arizona State Retirement System raised its position in Modine Manufacturing by 0.8% in the fourth quarter. Arizona State Retirement System now owns 14,451 shares of the auto parts company's stock valued at $1,675,000 after purchasing an additional 118 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in Modine Manufacturing by 8.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company's stock valued at $208,000 after purchasing an additional 136 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director William A. Wulfsohn purchased 2,530 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the purchase, the director now directly owns 7,277 shares in the company, valued at approximately $578,012.11. This trade represents a 53.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.40% of the company's stock.

Modine Manufacturing declared that its board has approved a stock repurchase program on Friday, March 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to purchase up to 2.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is 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.