Zacks Research Downgrades Modine Manufacturing (NYSE:MOD) to Hold

Key Points

• Zacks Research has downgraded Modine Manufacturing from a "strong-buy" rating to a "hold" rating.
• While Zacks downgraded the stock, several analysts maintain positive outlooks, with DA Davidson setting a target price of $185.00 and others providing various buy and overweight ratings.
• Insiders of Modine Manufacturing have sold a substantial number of shares recently, with total sales valued at over $31 million in the last 90 days.

Modine Manufacturing (NYSE:MOD - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on the stock. DA Davidson restated a "buy" rating and set a $185.00 price target on shares of Modine Manufacturing in a research report on Monday. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. KeyCorp boosted their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Oppenheimer boosted their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.67.

Modine Manufacturing Trading Up 0.7%

Shares of NYSE:MOD opened at $142.18 on Monday. The company has a market cap of $7.46 billion, a PE ratio of 40.74, a P/E/G ratio of 0.90 and a beta of 2.09. The company's 50-day moving average price is $136.80 and its 200 day moving average price is $106.14. Modine Manufacturing has a fifty-two week low of $64.79 and a fifty-two week high of $159.54. 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 (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, beating 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 firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period last year, the firm posted $1.04 EPS. Modine Manufacturing's quarterly revenue was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Modine Manufacturing will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Eric S. Mcginnis sold 25,173 shares of the business's stock in a transaction that occurred on 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 owned 19,966 shares in the company, valued at $2,812,410.76. The trade was a 55.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marsha C. Williams sold 25,761 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $16,265,256.53. This represents a 17.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock valued at $31,001,392 over the last 90 days. 2.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Modine Manufacturing

A number of large investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in shares of Modine Manufacturing by 160.5% during the second quarter. Corient Private Wealth LLC now owns 25,239 shares of the auto parts company's stock valued at $2,486,000 after acquiring an additional 15,549 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Modine Manufacturing by 3.1% during the second quarter. Osaic Holdings Inc. now owns 13,064 shares of the auto parts company's stock valued at $1,277,000 after acquiring an additional 387 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Modine Manufacturing by 24.7% during the second quarter. Orion Porfolio Solutions LLC now owns 10,626 shares of the auto parts company's stock valued at $1,047,000 after acquiring an additional 2,105 shares during the period. Hudson Bay Capital Management LP grew its position in Modine Manufacturing by 62.1% during the second quarter. Hudson Bay Capital Management LP now owns 173,417 shares of the auto parts company's stock valued at $17,082,000 after purchasing an additional 66,417 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in Modine Manufacturing during the second quarter valued at approximately $21,518,000. Institutional investors and hedge funds 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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