Penn Capital Management Company LLC Buys 5,462 Shares of Modine Manufacturing Company $MOD

Penn Capital Management Company LLC lifted its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,193 shares of the auto parts company’s stock after buying an additional 5,462 shares during the period. Penn Capital Management Company LLC’s holdings in Modine Manufacturing were worth $14,750,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors acquired a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $184,610,000. WT Asset Management Ltd acquired a new position in Modine Manufacturing in the 4th quarter worth about $69,255,000. Van Berkom & Associates Inc. increased its holdings in Modine Manufacturing by 3,145.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 436,084 shares of the auto parts company’s stock worth $58,222,000 after purchasing an additional 422,646 shares in the last quarter. Invesco Ltd. raised its position in Modine Manufacturing by 133.2% in the third quarter. Invesco Ltd. now owns 598,140 shares of the auto parts company’s stock valued at $85,032,000 after purchasing an additional 341,595 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Modine Manufacturing in the second quarter valued at about $28,322,000. 95.23% of the stock is currently owned by institutional investors.

Key Headlines Impacting Modine Manufacturing

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

• Positive Sentiment: Modine secured a more than $4 billion long-term data center cooling agreement, boosting long-term revenue visibility and highlighting demand from AI infrastructure customers.
• Positive Sentiment: The company reported fiscal Q4 earnings of $1.71 per share, ahead of estimates, while revenue also exceeded Wall Street expectations. Modine (MOD) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management raised FY2027 revenue guidance to $3.1 billion-$3.9 billion, suggesting continued growth momentum and supporting the stock’s move higher.
• Neutral Sentiment: Analysts are still watching Modine’s quarterly metrics and valuation closely after the strong run-up, with some price targets below the current trading level.

Modine Manufacturing Trading Up 14.2%

NYSE MOD opened at $297.39 on Wednesday. The firm has a market capitalization of $15.68 billion, a PE ratio of 165.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.66. The business’s 50-day moving average price is $241.71 and its two-hundred day moving average price is $192.81. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. Modine Manufacturing Company has a 12 month low of $86.48 and a 12 month high of $323.25.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to the consensus estimate of $920.67 million. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The firm’s revenue was up 47.5% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. On average, analysts expect that Modine Manufacturing Company will post 4.82 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MOD. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Glj Research assumed coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They set a “buy” rating and a $290.00 target price on the stock. Finally, Roth Mkm initiated coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price target for the company. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.57.

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.