Modine Manufacturing (NYSE:MOD) Hits New 1-Year High – Here’s What Happened

Modine Manufacturing Company (NYSE:MOD)’s share price hit a new 52-week high on Thursday . The company traded as high as $182.85 and last traded at $173.0160, with a volume of 1933344 shares. The stock had previously closed at $146.90.

Trending Headlines about Modine Manufacturing

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

• Positive Sentiment: Modine and Gentherm announced a deal to combine Modine’s Performance Technologies unit with Gentherm in a reverse Morris Trust transaction (~$1.0B value) that creates a scaled thermal-management leader and accelerates Modine’s transformation to a higher-margin climate solutions business. This is the primary strategic catalyst lifting the stock. Gentherm and Modine Combine – GlobeNewswire
• Positive Sentiment: DA Davidson reaffirmed a Buy on MOD with a $200 price target, providing a near-term analyst endorsement and visible upside from current levels that likely supports additional buying interest. DA Davidson Buy Rating – American Banking News
• Positive Sentiment: Unusual options activity: traders purchased ~5,600 MOD calls (?254% above typical call volume), signaling bullish speculative interest that can amplify intraday moves. (No article link)
• Positive Sentiment: Market commentary and momentum pieces note a recent strong rally and upward estimate revisions, suggesting momentum traders and upgraded forecasts are contributing to the price run. Modine Soars 20.3% – Zacks
• Positive Sentiment: News outlets covered the share jump tied to the Gentherm merger details, increasing visibility among investors and likely driving higher volume. Modine Shares Jump on $1B Merger – MSN
• Neutral Sentiment: Analyst/deep-dive pieces are updating estimates and looking beyond revenue/EPS to metrics that will matter for the quarter; these are informative but not immediate price drivers. Exploring Analyst Estimates – Zacks
• Neutral Sentiment: Transcripts/slides from recent Modine investor/M&A calls provide detail on the spin-off and combination mechanics; useful for assessing deal execution and timing but incremental to headline-driven moves. M&A Call Transcript – Seeking Alpha

Analysts Set New Price Targets

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

Modine Manufacturing Price Performance

The business’s 50-day simple moving average is $144.10 and its 200 day simple moving average is $141.03. The company has a current ratio of 2.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $9.76 billion, a P/E ratio of 53.56, a P/E/G ratio of 1.12 and a beta of 1.70.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analyst estimates 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 for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. As a group, sell-side analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Buying and Selling at Modine Manufacturing

In other news, CEO Neil David Brinker sold 31,871 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the sale, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. This represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $150.00, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.48% of the company’s stock.

Institutional Trading of Modine Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Modine Manufacturing by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock worth $2,857,000 after buying an additional 7,831 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Modine Manufacturing by 2.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,046 shares of the auto parts company’s stock valued at $946,000 after acquiring an additional 216 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Modine Manufacturing by 52.6% during the 2nd quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 193 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Modine Manufacturing by 24.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,430 shares of the auto parts company’s stock worth $1,224,000 after acquiring an additional 2,454 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Modine Manufacturing by 12.7% in the 2nd quarter. Truist Financial Corp now owns 10,194 shares of the auto parts company’s stock worth $1,004,000 after acquiring an additional 1,147 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

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.