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

B. Riley restated their buy rating on shares of Modine Manufacturing (NYSE:MOD) in a report issued on Thursday, Benzinga reports. They currently have a $125.00 price target on the auto parts company’s stock. B. Riley also issued estimates for Modine Manufacturing’s Q2 2025 earnings at $0.92 EPS, Q3 2025 earnings at $0.86 EPS and Q4 2025 earnings at $1.01 EPS.

A number of other brokerages have also recently issued reports on MOD. DA Davidson boosted their target price on shares of Modine Manufacturing from $110.00 to $120.00 and gave the company a buy rating in a report on Friday, May 24th. Oppenheimer boosted their target price on shares of Modine Manufacturing from $105.00 to $110.00 and gave the company an outperform rating in a report on Thursday, May 23rd.

Modine Manufacturing Trading Up 2.2 %

NYSE:MOD opened at $100.19 on Thursday. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $5.24 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 0.80 and a beta of 2.26. The firm’s 50 day moving average is $97.53 and its 200 day moving average is $84.28. Modine Manufacturing has a 12 month low of $32.17 and a 12 month high of $109.53.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, May 21st. The auto parts company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The company had revenue of $603.50 million during the quarter, compared to the consensus estimate of $605.44 million. Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.67 EPS. Sell-side analysts expect that Modine Manufacturing will post 3.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverwater Partners LLC boosted its position in Modine Manufacturing by 0.6% during the first quarter. Riverwater Partners LLC now owns 23,633 shares of the auto parts company’s stock valued at $2,250,000 after buying an additional 152 shares during the period. Horizon Investment Services LLC boosted its position in Modine Manufacturing by 4.4% during the first quarter. Horizon Investment Services LLC now owns 4,558 shares of the auto parts company’s stock valued at $434,000 after buying an additional 191 shares during the period. SummerHaven Investment Management LLC boosted its position in Modine Manufacturing by 0.9% during the fourth quarter. SummerHaven Investment Management LLC now owns 20,895 shares of the auto parts company’s stock valued at $1,247,000 after buying an additional 192 shares during the period. Nordea Investment Management AB boosted its position in Modine Manufacturing by 0.4% during the first quarter. Nordea Investment Management AB now owns 82,126 shares of the auto parts company’s stock valued at $7,879,000 after buying an additional 338 shares during the period. Finally, Strid Group LLC purchased a new stake in Modine Manufacturing during the first quarter valued at about $33,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

About Modine Manufacturing

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. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.