B. Riley Boosts Earnings Estimates for Modine Manufacturing

Modine Manufacturing (NYSE:MOD) – Analysts at B. Riley increased their FY2026 EPS estimates for Modine Manufacturing in a note issued to investors on Friday, October 25th. B. Riley analyst J. Van. Sinderen now anticipates that the auto parts company will post earnings per share of $4.67 for the year, up from their prior estimate of $4.64. B. Riley currently has a “Buy” rating and a $140.00 target price on the stock. The consensus estimate for Modine Manufacturing’s current full-year earnings is $3.86 per share. B. Riley also issued estimates for Modine Manufacturing’s FY2027 earnings at $5.85 EPS.

Several other research analysts have also commented on MOD. William Blair initiated coverage on Modine Manufacturing in a research report on Monday, July 29th. They issued an “outperform” rating for the company. DA Davidson boosted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Oppenheimer increased their target price on shares of Modine Manufacturing from $135.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.33.

Modine Manufacturing Stock Down 0.6 %

NYSE:MOD opened at $130.31 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.80. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 0.98 and a beta of 2.22. Modine Manufacturing has a one year low of $38.61 and a one year high of $141.72. The stock has a 50-day simple moving average of $122.75 and a 200 day simple moving average of $108.24.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.18. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The company had revenue of $661.50 million during the quarter, compared to the consensus estimate of $633.55 million. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was up 6.3% on a year-over-year basis.

Institutional Trading of Modine Manufacturing

Large investors have recently added to or reduced their stakes in the business. Forum Financial Management LP acquired a new stake in shares of Modine Manufacturing during the third quarter worth $259,000. Emerald Advisers LLC raised its holdings in Modine Manufacturing by 1.6% during the 3rd quarter. Emerald Advisers LLC now owns 264,349 shares of the auto parts company’s stock worth $35,103,000 after buying an additional 4,199 shares during the period. Van ECK Associates Corp lifted its stake in Modine Manufacturing by 40.0% during the third quarter. Van ECK Associates Corp now owns 27,377 shares of the auto parts company’s stock valued at $3,512,000 after buying an additional 7,824 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Modine Manufacturing by 58.0% during the third quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock valued at $9,274,000 after buying an additional 25,648 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after buying an additional 491 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Insider Activity

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $109.74, for a total value of $3,775,056.00. Following the sale, the director now directly owns 144,038 shares in the company, valued at approximately $15,806,730.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% 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.