DA Davidson Expects Lower Earnings for Modine Manufacturing

Modine Manufacturing (NYSE:MOD) – Equities researchers at DA Davidson decreased their FY2026 earnings per share estimates for Modine Manufacturing in a report released on Tuesday, April 1st. DA Davidson analyst M. Summerville now anticipates that the auto parts company will earn $4.70 per share for the year, down from their prior forecast of $4.90. DA Davidson has a “Buy” rating and a $155.00 price objective on the stock. The consensus estimate for Modine Manufacturing’s current full-year earnings is $3.88 per share.

Modine Manufacturing Stock Up 6.4 %

NYSE:MOD opened at $85.37 on Wednesday. Modine Manufacturing has a 12-month low of $72.49 and a 12-month high of $146.84. The stock’s fifty day simple moving average is $90.52 and its 200-day simple moving average is $114.82. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.49 billion, a P/E ratio of 28.65, a P/E/G ratio of 0.71 and a beta of 2.48.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%.

Modine Manufacturing announced that its Board of Directors has approved a stock repurchase program on Friday, March 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the auto parts company to buy up to 2.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director William A. Wulfsohn purchased 2,530 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $79.43 per share, with a total value of $200,957.90. Following the completion of the transaction, the director now owns 7,277 shares of the company’s stock, valued at $578,012.11. The trade was a 53.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Modine Manufacturing

A number of hedge funds have recently made changes to their positions in MOD. Skandinaviska Enskilda Banken AB publ increased its position in shares of Modine Manufacturing by 567.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 193 shares during the period. Principal Securities Inc. grew its stake in shares of Modine Manufacturing by 97.8% in the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock worth $63,000 after purchasing an additional 269 shares during the last quarter. Centaurus Financial Inc. acquired a new position in Modine Manufacturing during the 4th quarter worth about $148,000. Nisa Investment Advisors LLC raised its position in shares of Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 82 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Modine Manufacturing during the 4th quarter worth approximately $172,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.