Modine Manufacturing Company (NYSE:MOD) Given Average Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Modine Manufacturing Company (NYSE:MOD – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $182.00.

A number of equities analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $200.00 price objective on shares of Modine Manufacturing in a research report on Wednesday, November 19th. Oppenheimer increased their price target on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. UBS Group started coverage on Modine Manufacturing in a report on Thursday, November 20th. They set a “buy” rating and a $173.00 price objective for the company. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, KeyCorp lifted their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th.

Get Our Latest Stock Analysis on MOD

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the completion of the sale, the chief executive officer directly owned 238,312 shares of the company’s stock, valued at approximately $38,263,374.72. The trade was a 11.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.48% of the company’s stock.

Institutional Trading of Modine Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Corp purchased a new position in Modine Manufacturing during the third quarter valued at approximately $38,000. Sunbelt Securities Inc. purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $39,000. Parkside Financial Bank & Trust lifted its stake in Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 405 shares during the last quarter. Danske Bank A S bought a new position in Modine Manufacturing during the third quarter valued at approximately $43,000. Finally, Maseco LLP purchased a new stake in shares of Modine Manufacturing in the 2nd quarter valued at $51,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Up 4.4%

Shares of NYSE:MOD opened at $125.24 on Friday. Modine Manufacturing has a 1 year low of $64.79 and a 1 year high of $166.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The business’s 50-day moving average is $144.01 and its 200-day moving average is $136.61. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 0.79 and a beta of 1.70.

Modine Manufacturing (NYSE:MOD – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The firm had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts predict that Modine Manufacturing will post 3.88 earnings per share for the current year.

About Modine Manufacturing

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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.

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