Shares of Modine Manufacturing Co. (NYSE:MOD) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $25.00 for the company and are predicting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Modine Manufacturing an industry rank of 166 out of 256 based on the ratings given to its competitors.
MOD has been the subject of several recent research reports. Zacks Investment Research lowered shares of Modine Manufacturing from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 28th. ValuEngine upgraded shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a research report on Friday, May 24th.
Shares of Modine Manufacturing stock traded down $0.08 during trading on Monday, hitting $13.38. 2,542 shares of the stock were exchanged, compared to its average volume of 241,022. The company has a fifty day moving average of $13.89. The stock has a market cap of $682.78 million, a PE ratio of 8.54 and a beta of 1.98. The company has a current ratio of 1.25, a quick ratio of 0.86 and a debt-to-equity ratio of 0.62. Modine Manufacturing has a 12 month low of $9.75 and a 12 month high of $19.35.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Wednesday, May 22nd. The auto parts company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $556.70 million during the quarter, compared to analyst estimates of $577.30 million. Modine Manufacturing had a net margin of 3.83% and a return on equity of 15.61%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts expect that Modine Manufacturing will post 1.63 EPS for the current fiscal year.
In related news, VP Dennis P. Appel acquired 3,180 shares of Modine Manufacturing stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of $13.99 per share, with a total value of $44,488.20. Following the completion of the acquisition, the vice president now directly owns 33,543 shares of the company’s stock, valued at approximately $469,266.57. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.48% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Modine Manufacturing in the 4th quarter valued at about $6,561,000. Penn Capital Management Co. Inc. lifted its holdings in Modine Manufacturing by 105.9% in the 1st quarter. Penn Capital Management Co. Inc. now owns 732,340 shares of the auto parts company’s stock valued at $10,158,000 after acquiring an additional 376,611 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Modine Manufacturing by 139.9% in the 1st quarter. New York State Common Retirement Fund now owns 322,838 shares of the auto parts company’s stock valued at $4,478,000 after acquiring an additional 188,284 shares during the last quarter. Stifel Financial Corp lifted its holdings in Modine Manufacturing by 30.9% in the 4th quarter. Stifel Financial Corp now owns 544,601 shares of the auto parts company’s stock valued at $5,859,000 after acquiring an additional 128,690 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Modine Manufacturing by 8.7% in the 4th quarter. Royce & Associates LP now owns 1,341,382 shares of the auto parts company’s stock valued at $14,500,000 after acquiring an additional 107,200 shares during the last quarter. 88.44% of the stock is owned by institutional investors and hedge funds.
Modine Manufacturing 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 primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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