Modine Manufacturing (NYSE:MOD) Trading 4% Higher – Here’s What Happened

Modine Manufacturing Company (NYSE:MOD)’s share price rose 4% on Friday . The company traded as high as $188.08 and last traded at $183.77. Approximately 181,147 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 1,554,880 shares. The stock had previously closed at $176.72.

Key Modine Manufacturing News

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

• Positive Sentiment: Modine and Gentherm announced a planned combination of Modine’s Performance Technologies business in a Reverse Morris Trust transaction (~$1.0B valuation post-synergy). The deal is presented as transformational — creating a scaled thermal-management leader, delivering synergies, a more balanced portfolio and accelerating Modine’s shift toward higher-margin climate solutions. Management hosted investor calls this morning. Gentherm and Modine’s Performance Technologies Business to Combine
• Positive Sentiment: DA Davidson reiterated a “buy” rating and set a $200 price target on MOD, signaling analyst conviction that shares have further upside versus recent levels. This upgrade/affirmation helped validate the deal thesis for investors. Modine Manufacturing Receives “Buy” Rating from DA Davidson
• Positive Sentiment: Unusual options activity: traders bought ~5,600 call contracts (?254% above typical call volume), a clear near-term bullish signal that likely amplified the stock move as speculators and hedged investors positioned for upside.
• Positive Sentiment: Momentum and sentiment pieces note a sizable intraday surge and upward revisions to earnings estimates, suggesting continued analyst and investor enthusiasm could sustain gains in the near term. Modine (MOD) Soars 20.3%: Is Further Upside Left in the Stock?
• Neutral Sentiment: Zacks published a deeper look at analyst estimates for Modine’s fiscal Q3 (beyond revenue and EPS), providing data investors can use to judge whether the quarter and the M&A plan support the higher valuation. Useful for modeling but not new catalyst. Exploring Analyst Estimates for Modine (MOD) Q3 Earnings
• Neutral Sentiment: Transcripts and slides from Modine’s investor/M&A calls (and coverage pieces) are available for investors who want detail on transaction mechanics, pro forma ownership (expected ~40% Modine / 60% Gentherm) and synergy assumptions — useful for due diligence but not an immediate price driver beyond initial announcement. Modine Discusses Spin-Off and Combination of Performance Technologies Segment with Gentherm Transcript

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MOD. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. Oppenheimer increased their price target on Modine Manufacturing from $185.00 to $220.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Modine Manufacturing in a research note on Thursday. KeyCorp upped their price objective on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, UBS Group began coverage on Modine Manufacturing in a research report on Thursday, November 20th. They issued a “buy” rating and a $173.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $192.00.

Modine Manufacturing Stock Performance

The company has a fifty day moving average price of $143.25 and a two-hundred day moving average price of $140.38. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.09. The company had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.19%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Activity

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $150.00, for a total transaction of $165,000.00. Following the transaction, the director directly owned 80,956 shares in the company, valued at approximately $12,143,400. The trade was a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the sale, the chief executive officer directly owned 238,312 shares in the company, valued at approximately $38,263,374.72. This trade represents a 11.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.48% of the stock is currently owned by insiders.

Institutional Trading of Modine Manufacturing

Several institutional investors have recently made changes to their positions in MOD. Spire Wealth Management purchased a new stake in shares of Modine Manufacturing during the fourth quarter worth $27,000. First Horizon Corp purchased a new stake in shares of Modine Manufacturing during the 3rd quarter worth about $38,000. Sunbelt Securities Inc. acquired a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $39,000. Parkside Financial Bank & Trust grew its stake in shares of Modine Manufacturing by 2,025.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after buying an additional 405 shares in the last quarter. Finally, Danske Bank A S bought a new position in Modine Manufacturing during the third quarter valued at approximately $43,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

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.