NYSE:MOD

Modine Manufacturing (MOD) Stock Forecast, Price & News

$44.03

+0.18 (+0.41%)

(As of 09/22/2023 ET)

Compare

Today's Range: $43.62
▼
$44.69
50-Day Range: $35.39
▼
$48.95
52-Week Range: $12.85
▼
$49.60

Volume: 504,417 shs
Average Volume: 601,193 shs
Market Capitalization: $2.30 billion

P/E Ratio: 12.73
Dividend Yield: N/A
Price Target: $43.33

Modine Manufacturing MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1.6% Downside
$43.33 Price Target
Short Interest: Healthy
2.47% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.97
Based on 6 Articles This Week
Insider Trading: Selling Shares
$2.51 M Sold Last Quarter
Proj. Earnings Growth: 13.54%
From $2.88 to $3.27 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Auto/Tires/Trucks Sector

41st out of 96 stocks

Motor Vehicle Parts & Accessories Industry

18th out of 34 stocks

1.5

Analyst's Opinion

Consensus Rating
Modine Manufacturing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $43.33, Modine Manufacturing has a forecasted downside of 1.6% from its current price of $44.03.
Amount of Analyst Coverage
Modine Manufacturing has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.47% of the float of Modine Manufacturing has been sold short.
Short Interest Ratio / Days to Cover
Modine Manufacturing has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Modine Manufacturing has recently increased by 1.61%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Modine Manufacturing does not currently pay a dividend.
Dividend Growth
Modine Manufacturing does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MOD.

3.3

News and Social Media Coverage

News Sentiment
Modine Manufacturing has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Modine Manufacturing this week, compared to 8 articles on an average week.
Search Interest
19 people have searched for MOD on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
MarketBeat Follows
15 people have added Modine Manufacturing to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Modine Manufacturing insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,505,903.00 in company stock.
Percentage Held by Insiders
Only 2.86% of the stock of Modine Manufacturing is held by insiders.
Percentage Held by Institutions
91.35% of the stock of Modine Manufacturing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Modine Manufacturing are expected to grow by 13.54% in the coming year, from $2.88 to $3.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Modine Manufacturing is 12.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Modine Manufacturing is 12.73, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.97.
Price to Earnings Growth Ratio
Modine Manufacturing has a PEG Ratio of 0.61. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Modine Manufacturing has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Modine Manufacturing (NYSE:MOD) Stock

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 heat recovery, round tube plate fin, and motor and generator cooling coils; evaporator unit, fluid, transformer oil, gas, 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, and charge air coolers; liquid-cooled products, such as engine oil, EGR, liquid charge air, transmission and retarder oil, fuel coolers, and condensers; 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.

MOD Price History

30 days | 90 days | 365 days | Advanced Chart

MOD Stock News Headlines

September 19, 2023 | finance.yahoo.com

Find Top-Ranked Stocks to Buy that are Efficiently Generating Profits

September 19, 2023 | finance.yahoo.com

Zacks.com featured highlights include Modine Manufacturing, Gibraltar Industries, The Andersons and Karat Packaging

September 24, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | msn.com

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September 18, 2023 | finance.yahoo.com

Looking for a Growth Stock? 3 Reasons Why Modine (MOD) is a Solid Choice

September 18, 2023 | msn.com

Pick These 4 Solid Net Profit Margin Stocks for Strong Returns

September 15, 2023 | msn.com

Modine Manufacturing Can Continue Its Outperformance

September 14, 2023 | seekingalpha.com

Special Situations Report: Modine Manufacturing

September 24, 2023 | Chaikin Analytics (Ad)

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September 14, 2023 | americanbankingnews.com

Modine Manufacturing (NYSE:MOD) Receives Average Rating of "Buy" from Analysts

September 13, 2023 | finance.yahoo.com

MODINE DONATES MORE THAN 600 BACKPACKS TO SCHOOL STUDENTS

September 7, 2023 | finance.yahoo.com

How to Invest in NVIDIA's AI Revolution

September 6, 2023 | finance.yahoo.com

Modine Announces Sale of Three Automotive Businesses in Germany Principally Manufacturing Parts for Internal Combustion Engine Applications in Europe

September 5, 2023 | finance.yahoo.com

5 Relative Price Strength Stocks for Considerable Returns

August 31, 2023 | msn.com

Modine Manufacturing (MOD) Price Target Increased by 26.54% to 52.28

August 29, 2023 | marketwatch.com

Modine Manufacturing Sells California, Florida Facilities to Protecall

August 29, 2023 | finance.yahoo.com

Modine Announces Sale of Coatings Aftermarket Application Facilities in California and Florida

August 28, 2023 | finance.yahoo.com

Modine Manufacturing (NYSE:MOD) Is Looking To Continue Growing Its Returns On Capital

August 23, 2023 | msn.com

4 Stocks That Doubled Over the Last Year and Are Still Cheaper Than the S&P 500

August 23, 2023 | finance.yahoo.com

5 Stocks With Recent Price Strength Despite Turmoil in August

August 21, 2023 | finance.yahoo.com

Zacks.com featured highlights include Publicis Groupe, M/I Homes, Modine Manufacturing Company and Karat Packaging

August 18, 2023 | finance.yahoo.com

4 High-Flying Stocks With Increasing Cash Flows to Buy Now

August 18, 2023 | finance.yahoo.com

Recent Price Trend in Modine (MOD) is Your Friend, Here's Why

August 17, 2023 | finance.yahoo.com

Modine Expands Access To School HVAC Offerings With New Partnership With TMS Johnson

August 15, 2023 | benzinga.com

Modine Manufacturing Recent Insider Activity

August 15, 2023 | finance.yahoo.com

Zacks.com featured highlights include Modine Manufacturing, Karat Packaging, Huron Consulting and Graham

August 15, 2023 | finance.yahoo.com

These 7 Growth Stocks Have Perfect 99 Ratings

See More Headlines

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MOD Company Calendar

Last Earnings: 8/02/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Sector: Auto/Tires/Trucks
Current Symbol: NYSE:MOD
CUSIP: 60782810
CIK: 67347
Web: www.modine.com
Phone: (262) 636-1200
Fax: 262-636-1424
Employees: 11,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $43.33
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $32.00
Forecasted Upside/Downside: -1.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.46
Trailing P/E Ratio: 12.73
Forward P/E Ratio: 15.29
P/E Growth: 0.61
Net Income: $153.10 million
Net Margins: 7.72%
Pretax Margin: 6.98%
Return on Equity: 23.96%
Return on Assets: 8.75%

Debt

Debt-to-Equity Ratio: 0.51
Current Ratio: 1.76
Quick Ratio: 1.11

Sales & Book Value

Annual Sales: $2.30 billion
Price / Sales: 1.00
Cash Flow: $3.02 per share
Price / Cash Flow: 14.58
Book Value: $11.50 per share
Price / Book: 3.83

Miscellaneous

Outstanding Shares: 52,340,000
Free Float: 50,839,000
Market Cap: $2.30 billion
Optionable: Optionable
Beta: 2.25

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Key Executives

Mr. Neil D. Brinker (Age 47)
Pres, CEO & Director
Comp: $3.34M

Mr. Michael B. Lucareli (Age 54)
Exec. VP & CFO
Comp: $2.04M

Mr. Brian Jon Agen (Age 54)
VP of HR
Comp: $1.06M

Mr. Eric S. McGinnis (Age 52)
Pres of Climate Solutions
Comp: $1.16M

Ms. Kathleen T. Powers (Age 55)
VP of Investor Relations & Tax and Treasurer

Mr. Adrian Ian Peace (Age 56)
Pres of Performance Technologies

Mr. Mark D. Hudson (Age 51)
VP & Corp. Controller

Mr. Thomas F. Marry (Age 62)
Adviser

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MOD Stock - Frequently Asked Questions

Should I buy or sell Modine Manufacturing stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Modine Manufacturing in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MOD shares.
View MOD analyst ratings or view top-rated stocks.
What is Modine Manufacturing's stock price forecast for 2023?: 4 equities research analysts have issued 1 year target prices for Modine Manufacturing's stock. Their MOD share price forecasts range from $32.00 to $55.00. On average, they expect the company's share price to reach $43.33 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for MOD or view top-rated stocks among Wall Street analysts.
How have MOD shares performed in 2023?: Modine Manufacturing's stock was trading at $19.86 at the start of the year. Since then, MOD stock has increased by 121.7% and is now trading at $44.03.
View the best growth stocks for 2023 here.
When is Modine Manufacturing's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MOD earnings forecast.
How were Modine Manufacturing's earnings last quarter?: Modine Manufacturing (NYSE:MOD) announced its earnings results on Wednesday, August, 2nd. The auto parts company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.42. The auto parts company earned $622.40 million during the quarter, compared to analysts' expectations of $563.10 million. Modine Manufacturing had a trailing twelve-month return on equity of 23.96% and a net margin of 7.72%.
What ETFs hold Modine Manufacturing's stock?: 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).
What guidance has Modine Manufacturing issued on next quarter's earnings?: Modine Manufacturing updated its FY 2024 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.44 billion-$2.55 billion, compared to the consensus revenue estimate of $2.47 billion.
What is Mick Lucareli's approval rating as Modine Manufacturing's CEO?: 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.

What other stocks do shareholders of Modine Manufacturing own?: 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).
What is Modine Manufacturing's stock symbol?: Modine Manufacturing trades on the New York Stock Exchange (NYSE) under the ticker symbol "MOD."
Who are Modine Manufacturing's major shareholders?: Modine Manufacturing's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.59%), Dimensional Fund Advisors LP (7.34%), Frontier Capital Management Co. LLC (6.98%), Gamco Investors INC. ET AL (5.31%), Principal Financial Group Inc. (5.05%) and Paradigm Capital Management Inc. NY (4.55%). Insiders that own company stock include Brian Jon Agen, Christopher William Patterson, Larry Oscar Moore, Marsha C Williams and Michael B Lucareli.
View institutional ownership trends.
How do I buy shares of Modine Manufacturing?: 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.
Compare Top Brokerages Here.
What is Modine Manufacturing's stock price today?: One share of MOD stock can currently be purchased for approximately $44.03.
How much money does Modine Manufacturing make?: Modine Manufacturing (NYSE:MOD) has a market capitalization of $2.30 billion and generates $2.30 billion in revenue each year. The auto parts company earns $153.10 million in net income (profit) each year or $3.46 on an earnings per share basis.
How many employees does Modine Manufacturing have?: The company employs 11,300 workers across the globe.
How can I contact Modine Manufacturing?: Modine Manufacturing's mailing address is 1500 DEKOVEN AVE, RACINE WI, 53403. The official website for the company is www.modine.com. The auto parts company can be reached via phone at (262) 636-1200, via email at k.t.powers@na.modine.com, or via fax at 262-636-1424.

This page (NYSE:MOD) was last updated on 9/24/2023 by MarketBeat.com Staff

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