In yesterday’s Wall Street session, Modine Manufacturing Company (NYSE:MOD) shares traded at $22.56, up 1.58% from the previous session.
As of this writing, 2 analysts cover Modine Manufacturing Company (NYSE:MOD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $25.00, we find $32.00. Given the previous closing price of $22.21, this indicates a potential upside of 44.08 percent. MOD stock price is now -3.09% away from the 50-day moving average and 29.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.
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There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $30.67 as their price target over the next twelve months.
With the price target of $25, CJS Securities recently initiated with Market Outperform rating for Modine Manufacturing Company (NYSE: MOD). On November 06, 2020, DA Davidson Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $11, while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
In other news, Lucareli Michael B, EVP, CFO sold 13,379 shares of the company’s stock on Feb 21. The stock was sold for $335,519 at an average price of $25.08. Upon completion of the transaction, the EVP, CFO now directly owns 293,287 shares in the company, valued at $6.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, EVP, CFO Lucareli Michael B sold 60,000 shares of the business’s stock. A total of $1,174,719 was realized by selling the stock at an average price of $19.58. This leaves the insider owning 293,287 shares of the company worth $6.62 million. Insiders disposed of 146,736 shares of company stock worth roughly $3.31 million over the past 1 year. A total of 2.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MOD stock. A new stake in Modine Manufacturing Company shares was purchased by DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $7,227,000. PORTOLAN CAPITAL MANAGEMENT, LLC invested $6,871,000 in shares of MOD during the first quarter. In the first quarter, CIBC WORLD MARKET INC. acquired a new stake in Modine Manufacturing Company valued at approximately $3,988,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in MOD for approximately $1,849,000. NORGES BANK purchased a new stake in MOD valued at around $1,742,000 in the second quarter. In total, there are 251 active investors with 92.20% ownership of the company’s stock.
Thursday morning saw Modine Manufacturing Company (NYSE: MOD) opened at $21.83. During the past 12 months, Modine Manufacturing Company has had a low of $7.67 and a high of $26.90. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for MOD is $23.28 and a two-hundred day moving average price translates $17.46 for the stock.
The latest earnings results from Modine Manufacturing Company (NYSE: MOD) was released for Dec, 2022. According to the Auto Parts Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.42 by 0.06. This compares to $1.42 EPS in the same period last year. The net profit margin was 3.20% and return on equity was 15.60% for MOD. The company reported revenue of $560.0 million for the quarter, compared to $502.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.51 percent. For the current quarter, analysts expect MOD to generate $585.04M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/05/2008. Investors who held shares on 11/21/2008 were paid a $0.10 dividend.
Modine Manufacturing Company(MOD) Company Profile
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.
