Modine Manufacturing Co. (NYSE:MOD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $25.00 for the company and are anticipating that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Modine Manufacturing an industry rank of 156 out of 256 based on the ratings given to related companies.
Several equities analysts recently commented on the company. TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. Zacks Investment Research lowered Hanger from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Finally, ValuEngine upgraded XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.
Modine Manufacturing stock traded up $0.23 during trading on Friday, hitting $14.10. The company’s stock had a trading volume of 5,251 shares, compared to its average volume of 175,375. The stock has a market capitalization of $711.70 million, a PE ratio of 9.04 and a beta of 1.98. The stock has a fifty day moving average price of $13.84. Modine Manufacturing has a 1-year low of $9.75 and a 1-year high of $18.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.86.
Modine Manufacturing (NYSE:MOD) last released its earnings results on Wednesday, May 22nd. The auto parts company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The firm had revenue of $556.70 million during the quarter, compared to analyst estimates of $577.30 million. Modine Manufacturing had a return on equity of 15.61% and a net margin of 3.83%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Modine Manufacturing will post 1.63 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Modine Manufacturing by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,264,982 shares of the auto parts company’s stock valued at $46,105,000 after purchasing an additional 39,017 shares during the last quarter. Gabelli Funds LLC increased its stake in Modine Manufacturing by 0.4% during the first quarter. Gabelli Funds LLC now owns 951,000 shares of the auto parts company’s stock worth $13,190,000 after acquiring an additional 4,000 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in Modine Manufacturing by 105.9% during the first quarter. Penn Capital Management Co. Inc. now owns 732,340 shares of the auto parts company’s stock worth $10,158,000 after acquiring an additional 376,611 shares during the last quarter. Tygh Capital Management Inc. increased its stake in Modine Manufacturing by 16.0% during the first quarter. Tygh Capital Management Inc. now owns 648,624 shares of the auto parts company’s stock worth $8,996,000 after acquiring an additional 89,345 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Modine Manufacturing by 2.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 640,080 shares of the auto parts company’s stock worth $6,919,000 after acquiring an additional 16,699 shares during the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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