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

B. Riley reaffirmed their buy rating on shares of Modine Manufacturing (NYSE:MOD) in a research report released on Thursday morning, Benzinga reports. They currently have a $125.00 price objective 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.

MOD has been the subject of several other research reports. DA Davidson lifted their price target on Modine Manufacturing from $110.00 to $120.00 and gave the company a buy rating in a report on Friday, May 24th. Oppenheimer lifted their price objective on Modine Manufacturing from $105.00 to $110.00 and gave the company an outperform rating in a research note on Thursday, May 23rd.

Modine Manufacturing Stock Performance

Shares of MOD opened at $100.19 on Thursday. The stock has a 50 day moving average price of $97.53 and a 200 day moving average price of $84.28. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 0.80 and a beta of 2.26. Modine Manufacturing has a 52-week low of $32.17 and a 52-week high of $109.53.

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

Institutional Investors Weigh In On Modine Manufacturing

Institutional investors have recently made changes to their positions in the company. Riverwater Partners LLC grew its stake in Modine Manufacturing by 0.6% during the 1st quarter. Riverwater Partners LLC now owns 23,633 shares of the auto parts company’s stock worth $2,250,000 after buying an additional 152 shares during the last quarter. Horizon Investment Services LLC boosted its position in Modine Manufacturing by 4.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,558 shares of the auto parts company’s stock worth $434,000 after acquiring an additional 191 shares during the period. SummerHaven Investment Management LLC boosted its position in Modine Manufacturing by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,895 shares of the auto parts company’s stock worth $1,247,000 after acquiring an additional 192 shares during the period. Nordea Investment Management AB boosted its position in Modine Manufacturing by 0.4% during the 1st quarter. Nordea Investment Management AB now owns 82,126 shares of the auto parts company’s stock worth $7,879,000 after acquiring an additional 338 shares during the period. Finally, Strid Group LLC acquired a new position in Modine Manufacturing during the 1st quarter worth $33,000. 95.23% of the stock is currently owned by institutional investors.

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. 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.