Modine Manufacturing (NYSE:MOD) Reaches New 12-Month High – Still a Buy?

Shares of Modine Manufacturing Company (NYSE:MOD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $258.87 and last traded at $256.0640, with a volume of 1726148 shares changing hands. The stock had previously closed at $241.46.

Key Modine Manufacturing News

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

• Positive Sentiment: GLJ Research initiated coverage with a Buy rating and a “street?high” $290 price target, signaling analyst confidence in Modine’s growth opportunities (notably data?center and AI cooling demand). Read More.
• Positive Sentiment: Modine promoted Art Laszlo to President, Data Centers — a move that formalizes a dedicated leadership focus on the fast?growing data?center cooling segment and may accelerate execution on long?term supply deals. Read More.
• Positive Sentiment: Company reached milestones in the NYSE Composite, which can raise visibility and investor awareness as Modine scales its non?automotive businesses. Read More.
• Neutral Sentiment: Zacks compared Modine to Trane (TT), noting Modine’s data?center cooling is scaling quickly with long?term supply deals — a constructive operational signal but presented in a competitive context. Read More.
• Neutral Sentiment: A Zacks piece on analyst recommendations reminds investors to consider the broader brokerage landscape when interpreting rating moves — informational rather than a direct catalyst. Read More.
• Neutral Sentiment: Recent coverage noted a modest intraday slide in the stock versus the market close; a factual snapshot of price action rather than a new fundamental development. Read More.
• Negative Sentiment: Zacks Research downgraded Modine from “strong?buy” to “hold,” which is a negative rating change that can weigh on sentiment and selling pressure in the near term. Read More.

Analysts Set New Price Targets

MOD has been the topic of several research reports. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a research report on Monday, December 29th. Oppenheimer upped their price target on Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $234.33.

Modine Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The company has a 50-day simple moving average of $217.12 and a two-hundred day simple moving average of $172.29. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 132.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.68.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $763.54 million. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. On average, equities research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the sale, the director directly owned 79,856 shares of the company’s stock, valued at $14,699,093.92. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MOD. Parkside Financial Bank & Trust boosted its position in Modine Manufacturing by 17.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 75 shares during the period. Xponance LLC boosted its position in Modine Manufacturing by 1.7% during the 4th quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock worth $591,000 after acquiring an additional 75 shares during the period. State of Alaska Department of Revenue boosted its position in Modine Manufacturing by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after acquiring an additional 103 shares during the period. NewEdge Advisors LLC raised its stake in shares of Modine Manufacturing by 18.3% during the 4th quarter. NewEdge Advisors LLC now owns 680 shares of the auto parts company’s stock worth $91,000 after purchasing an additional 105 shares in the last quarter. Finally, Intrust Bank NA raised its stake in shares of Modine Manufacturing by 2.3% during the 3rd quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

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.