DA Davidson Predicts Lower Earnings for Modine Manufacturing

Modine Manufacturing (NYSE:MOD) – Stock analysts at DA Davidson reduced their FY2026 earnings estimates for Modine Manufacturing in a research note issued to investors on Tuesday, April 1st. DA Davidson analyst M. Summerville now expects that the auto parts company will earn $4.70 per share for the year, down from their prior estimate of $4.90. DA Davidson currently has a “Buy” rating and a $155.00 target price on the stock. The consensus estimate for Modine Manufacturing’s current full-year earnings is $3.88 per share.

Modine Manufacturing Price Performance

MOD opened at $85.37 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $90.52 and a two-hundred day simple moving average of $114.82. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 0.71 and a beta of 2.48. Modine Manufacturing has a 12-month low of $72.49 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%.

Institutional Investors Weigh In On Modine Manufacturing

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Modine Manufacturing by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,832 shares of the auto parts company’s stock valued at $1,024,000 after buying an additional 231 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Modine Manufacturing during the fourth quarter worth $148,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Modine Manufacturing during the 4th quarter worth about $12,674,000. Jefferies Financial Group Inc. bought a new stake in Modine Manufacturing in the fourth quarter worth about $2,290,000. Finally, Invst LLC raised its holdings in shares of Modine Manufacturing by 4.1% in the fourth quarter. Invst LLC now owns 8,583 shares of the auto parts company’s stock worth $995,000 after buying an additional 338 shares during the period. Institutional investors own 95.23% of the company’s stock.

Insider Transactions at Modine Manufacturing

In other news, Director William A. Wulfsohn bought 2,530 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $79.43 per share, with a total value of $200,957.90. Following the completion of the transaction, the director now owns 7,277 shares of the company’s stock, valued at approximately $578,012.11. This trade represents a 53.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by insiders.

Modine Manufacturing announced that its board has initiated a stock repurchase plan on Friday, March 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are 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.