Modine Manufacturing (NYSE:MOD) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings results on Tuesday. The auto parts company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16, Zacks reports. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Modine Manufacturing updated its FY 2026 guidance to EPS.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded up $0.86 during trading on Tuesday, reaching $104.97. 1,109,778 shares of the company traded hands, compared to its average volume of 1,278,597. The firm has a market capitalization of $5.52 billion, a PE ratio of 35.22, a PEG ratio of 0.71 and a beta of 2.08. Modine Manufacturing has a 52 week low of $64.79 and a 52 week high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $84.41 and its two-hundred day moving average is $103.96.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “buy” rating and issued a $155.00 price objective on shares of Modine Manufacturing in a research note on Monday, March 17th.

Modine Manufacturing declared that its Board of Directors has authorized a stock buyback plan on Friday, March 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director William A. Wulfsohn acquired 2,530 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the completion of the transaction, the director now directly owns 7,277 shares of the company’s stock, valued at $578,012.11. This trade represents a 53.30% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Modine Manufacturing

A hedge fund recently raised its stake in Modine Manufacturing stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Modine Manufacturing (NYSE:MOD) by 26.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,223 shares of the auto parts company’s stock after acquiring an additional 7,831 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Modine Manufacturing worth $2,857,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 95.23% 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.