Modine Manufacturing (NYSE:MOD) Receives “Buy” Rating from B. Riley Financial

B. Riley Financial restated their buy rating on shares of Modine Manufacturing (NYSE:MOD) in a research report report published on Thursday,Benzinga reports. They currently have a $305.00 price objective on the auto parts company’s stock, down from their prior price objective of $340.00.

Other analysts also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group boosted their price objective on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. DA Davidson restated a “buy” rating and set a $330.00 price objective on shares of Modine Manufacturing in a report on Monday, June 22nd. Finally, KeyCorp decreased their target price on Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.14.

Modine Manufacturing Trading Up 9.1%

Shares of Modine Manufacturing stock opened at $194.19 on Thursday. The business has a fifty day simple moving average of $258.34 and a two-hundred day simple moving average of $230.45. Modine Manufacturing has a 1 year low of $111.18 and a 1 year high of $323.25. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 73.00, a P/E/G ratio of 0.58 and a beta of 1.67. 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 (NYSE:MOD) last released its quarterly earnings data on Tuesday, July 28th. The auto parts company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.26. Modine Manufacturing had a net margin of 4.28% and a return on equity of 26.03%. The firm had revenue of $874.10 million during the quarter, compared to analysts’ expectations of $878.69 million. During the same period in the previous year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. Research analysts forecast that Modine Manufacturing will post 7.72 EPS for the current year.

Insider Transactions at Modine Manufacturing

In related news, insider Eric S. Mcginnis sold 1,020 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $295.06, for a total value of $300,961.20. Following the completion of the sale, the insider directly owned 28,364 shares in the company, valued at approximately $8,369,081.84. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brian Jon Agen sold 38,282 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $295.17, for a total value of $11,299,697.94. Following the sale, the vice president directly owned 66,343 shares in the company, valued at $19,582,463.31. This represents a 36.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 54,302 shares of company stock valued at $15,928,759. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Modine Manufacturing

A number of hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Modine Manufacturing by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock valued at $2,857,000 after acquiring an additional 7,831 shares during the period. California Public Employees Retirement System grew its holdings in shares of Modine Manufacturing by 8.3% during the 2nd quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock worth $6,767,000 after purchasing an additional 5,244 shares in the last quarter. State Street Corp increased its position in shares of Modine Manufacturing by 4.2% in the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after purchasing an additional 53,351 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Modine Manufacturing by 106.3% in the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock worth $15,890,000 after purchasing an additional 83,105 shares during the period. Finally, Sei Investments Co. raised its stake in Modine Manufacturing by 70.8% in the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock valued at $30,501,000 after purchasing an additional 128,348 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing News Summary

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

• Positive Sentiment: Modine reported fiscal Q1 2027 earnings of $1.53 per share, beating the $1.27 consensus estimate and rising from $0.95 a year earlier. Revenue increased 28% year over year to $874.1 million, demonstrating strong operating momentum. Modine Q1 Earnings Top Estimates
• Positive Sentiment: Management reaffirmed its fiscal 2027 outlook, including revenue guidance of approximately $3.8 billion to $4.3 billion. The company cited continued strength in its core growth engines, helping reinforce the long-term investment case. Modine Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Recent valuation commentary describes MOD as discounted relative to estimated fair value or potentially a bargain after its earnings performance and higher sales outlook, which could attract value-oriented investors. Modine Stock Looks Discounted Relative to Fair Value
• Positive Sentiment: B. Riley reaffirmed its Buy rating with a $305 price target, while KeyCorp maintained an Overweight rating. Both targets remain substantially above the recent trading level, signaling continued analyst confidence despite reductions. B. Riley Analyst Action KeyCorp Analyst Action
• Neutral Sentiment: The earnings call transcript provides additional detail on management’s fiscal 2027 priorities and the businesses driving growth, but investors will weigh execution against the company’s elevated valuation. Modine Q1 2027 Earnings Call Transcript
• Negative Sentiment: Quarterly revenue of $874.1 million came in slightly below the $878.7 million analyst forecast. In addition, B. Riley cut its target from $340 to $305 and KeyCorp reduced its target from $370 to $280, suggesting expectations have become more conservative even though bullish ratings were retained. Is Modine Manufacturing a Bargain?

About Modine Manufacturing

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.