Modine Manufacturing (NYSE:MOD) Announces Quarterly Earnings Results

Modine Manufacturing (NYSE:MOD) announced its quarterly earnings data on Tuesday. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.20, FiscalAI reports. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The business had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. During the same period in the prior year, the firm posted $1.12 EPS. The company’s revenue was up 47.5% on a year-over-year basis.

Modine Manufacturing Price Performance

Shares of MOD opened at $297.39 on Wednesday. Modine Manufacturing has a 52 week low of $86.48 and a 52 week high of $323.25. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 165.22, a PEG ratio of 1.06 and a beta of 1.66. The stock has a 50 day moving average of $241.71 and a 200-day moving average of $192.81.

Key Stories Impacting Modine Manufacturing

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

• Positive Sentiment: Modine secured a long-term capacity agreement tied to its Airedale by Modine cooling solutions, with more than $4 billion of data-center cooling products expected to be supplied through 2029. The deal highlights Modine’s expanding role in AI infrastructure and adds substantial revenue visibility. Article Title
• Positive Sentiment: The customer also agreed to make a $165 million upfront cash payment to help fund capacity investments, which reduces execution risk and supports expansion without immediate balance-sheet strain. Article Title
• Positive Sentiment: Modine’s fiscal Q4 results also beat expectations, with EPS of $1.71 versus $1.51 expected and revenue of $954.4 million versus $920.7 million expected, showing that underlying business momentum remains strong. Article Title

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MOD. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Glj Research assumed coverage on Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 price target for the company. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of Modine Manufacturing in a research note on Tuesday, March 31st. B. Riley Financial upped their price target on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer increased their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $238.57.

Hedge Funds Weigh In On Modine Manufacturing

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Modine Manufacturing by 4.7% in the fourth quarter. Wellington Management Group LLP now owns 2,879,299 shares of the auto parts company’s stock worth $384,415,000 after purchasing an additional 130,511 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Modine Manufacturing by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock valued at $311,503,000 after buying an additional 560,131 shares during the period. Wasatch Advisors LP grew its position in shares of Modine Manufacturing by 1.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock valued at $176,553,000 after buying an additional 23,955 shares during the last quarter. Invesco Ltd. grew its position in shares of Modine Manufacturing by 120.4% during the 4th quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after buying an additional 720,389 shares during the last quarter. Finally, State Street Corp raised its stake in Modine Manufacturing by 4.2% during the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after acquiring an additional 53,351 shares during the period. 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.