Modine Manufacturing (MOD) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Modine Manufacturing in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MOD shares.
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4 analysts have issued 1-year price objectives for Modine Manufacturing's shares. Their MOD share price targets range from $32.00 to $55.00. On average, they predict the company's share price to reach $43.33 in the next year. This suggests that the stock has a possible downside of 20.2%.
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Modine Manufacturing's stock was trading at $19.86 at the beginning of the year. Since then, MOD stock has increased by 173.5% and is now trading at $54.32.
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Modine Manufacturing saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,710,000 shares, an increase of 17.9% from the October 31st total of 1,450,000 shares. Based on an average daily volume of 680,400 shares, the short-interest ratio is presently 2.5 days. Approximately 3.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
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Modine Manufacturing (NYSE:MOD) released its quarterly earnings results on Wednesday, November, 1st. The auto parts company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.64 by $0.25. The auto parts company had revenue of $620.50 million for the quarter, compared to analysts' expectations of $616.18 million. Modine Manufacturing had a trailing twelve-month return on equity of 25.40% and a net margin of 8.50%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS.

ETFs with the largest weight of Modine Manufacturing (NYSE:MOD) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Invesco DWA SmallCap Momentum ETF (DWAS), First Trust Small Cap Growth AlphaDEX Fund (FYC), First Trust Active Factor Small Cap ETF (AFSM) and iShares Micro-Cap ETF (IWC).

4 employees have rated Modine Manufacturing Chief Executive Officer Mick Lucareli on Glassdoor.com. Mick Lucareli has an approval rating of 100% among the company's employees. This puts Mick Lucareli in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Modine Manufacturing investors own include CVS Health (CVS), Gilead Sciences (GILD), Tesla (TSLA), Bank of America (BAC), Biogen (BIIB), Energy Transfer (ET), Altria Group (MO), Occidental Petroleum (OXY), AT&T (T) and Verizon Communications (VZ).

Modine Manufacturing's stock is owned by many different institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (4.81%), Principal Financial Group Inc. (4.04%), Paradigm Capital Management Inc. NY (3.93%), Brown Advisory Inc. (2.81%), Victory Capital Management Inc. (1.65%) and Gabelli Funds LLC (1.46%). Insiders that own company stock include Brian Jon Agen, Christopher William Patterson, Larry Oscar Moore, Marsha C Williams and Michael B Lucareli.
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Shares of MOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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