Modine Manufacturing - MOD Stock Forecast, Price & News

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units. It also provides microchannel, heat recovery, round tube plate fin, and motor and generator cooling coils; evaporator unit, fluid, transformer oil, gas, air blast, and dry and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, the company offers powertrain cooling products, including engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; auxiliary cooling products, such as transmission and retarder oil coolers, and power steering coolers; and complete battery thermal management systems and electronics cooling packages. It serves heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; and commercial and industrial equipment OEMs. The company has operations in North America, South America, Europe, and Asia. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.

Modine Manufacturing Trading Up 2.1 %

MOD traded up $0.30 during mid-day trading on Friday, reaching $14.82. The stock had a trading volume of 687,899 shares, compared to its average volume of 253,011. The stock has a market capitalization of $770.20 million, a P/E ratio of 8.01, a P/E/G ratio of 0.37 and a beta of 2.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.96 and a current ratio of 1.53. The firm's fifty day simple moving average is $11.64 and its two-hundred day simple moving average is $9.99. Modine Manufacturing has a 52 week low of $7.67 and a 52 week high of $14.94.

Modine Manufacturing (NYSE:MOD - Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The auto parts company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.08. The firm had revenue of $574.40 million for the quarter. Modine Manufacturing had a return on equity of 16.92% and a net margin of 4.64%. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities analysts predict that Modine Manufacturing will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Modine Manufacturing from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Insider Buying and Selling at Modine Manufacturing

In other news, CFO Michael B. Lucareli sold 3,783 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $11.94, for a total value of $45,169.02. Following the transaction, the chief financial officer now owns 274,572 shares of the company's stock, valued at approximately $3,278,389.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.06% of the company's stock.