Modine Manufacturing (NYSE:MOD) Issues Earnings Results

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings results on Wednesday. The auto parts company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.27 by $0.26, Zacks reports. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The company had revenue of $874.10 million for the quarter, compared to the consensus estimate of $878.69 million. During the same quarter last year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded down $4.52 during midday trading on Thursday, reaching $173.52. The company’s stock had a trading volume of 1,020,059 shares, compared to its average volume of 1,370,974. The business’s fifty day simple moving average is $259.45 and its 200-day simple moving average is $229.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. Modine Manufacturing has a fifty-two week low of $111.18 and a fifty-two week high of $323.25. The company has a market capitalization of $9.22 billion, a P/E ratio of 78.65, a P/E/G ratio of 0.67 and a beta of 1.67.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine reported fiscal first-quarter 2027 adjusted earnings of $1.53 per share, surpassing the $1.27 analyst consensus and rising from $0.95 a year earlier. Revenue increased 28% year over year to $874.1 million, while management said its core growth engines remained strong and reaffirmed its fiscal 2027 outlook. Modine Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The earnings beat and continued revenue growth have prompted some investors to view Modine (MOD) as discounted relative to its estimated fair value, potentially supporting the stock if growth expectations remain intact. Modine Stock Looks Discounted Relative to Fair Value
• Neutral Sentiment: KeyCorp reduced its price target from $370 to $280 but maintained an Overweight rating. The lower target reflects more cautious expectations, although it still indicates substantial potential upside based on the referenced share price. KeyCorp Modine Price Target Update
• Negative Sentiment: Quarterly revenue of $874.1 million fell slightly short of the $878.7 million consensus estimate. In addition, fiscal 2027 revenue guidance of $3.8 billion to $4.3 billion has a midpoint modestly below the $4.1 billion consensus, while the reported update did not provide a clear EPS outlook. These factors may have outweighed the earnings beat, particularly with Modine trading at a high earnings multiple.

Analyst Ratings Changes

Several research analysts recently commented on MOD shares. DA Davidson reiterated a “buy” rating and issued a $330.00 target price on shares of Modine Manufacturing in a report on Monday, June 22nd. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Oppenheimer boosted their target price on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. B. Riley Financial raised their price target on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold 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 $314.29.

Insider Activity

In other news, insider Eric S. Mcginnis sold 1,020 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.06, for a total value of $300,961.20. Following the transaction, the insider owned 28,364 shares of the company’s stock, valued at approximately $8,369,081.84. This trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the sale, the vice president directly owned 66,343 shares of the company’s stock, valued at $19,582,463.31. This represents a 36.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 54,302 shares of company stock valued at $15,928,759 over the last three months. 1.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Modine Manufacturing

A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after purchasing an additional 720,389 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Modine Manufacturing by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock worth $311,503,000 after buying an additional 560,131 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Modine Manufacturing by 709.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 456,482 shares of the auto parts company’s stock worth $60,945,000 after buying an additional 400,081 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at about $28,322,000. Finally, Amundi acquired a new stake in shares of Modine Manufacturing in the 3rd quarter valued at approximately $42,185,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.