Modine Manufacturing’s (MOD) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Modine Manufacturing (NYSE:MOD) in a research note released on Thursday,Benzinga reports. DA Davidson currently has a $200.00 target price on the auto parts company’s stock.

MOD has been the topic of a number of other research reports. Oppenheimer boosted their price objective on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. KeyCorp increased their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, UBS Group initiated coverage on shares of Modine Manufacturing in a research report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.00.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $185.31 on Thursday. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 53.56, a P/E/G ratio of 1.12 and a beta of 1.70. The firm’s 50-day moving average price is $144.10 and its two-hundred day moving average price is $141.39. The company has a current ratio of 2.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $190.22.

Insider Activity

In other news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $150.00, for a total transaction of $165,000.00. Following the completion of the sale, the director owned 80,956 shares in the company, valued at $12,143,400. The trade was a 1.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Neil David Brinker sold 31,871 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the completion of the transaction, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. This represents a 11.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MOD. Spire Wealth Management acquired a new position in Modine Manufacturing in the fourth quarter valued at about $27,000. First Horizon Corp acquired a new position in shares of Modine Manufacturing during the 3rd quarter worth about $38,000. Sunbelt Securities Inc. bought a new stake in shares of Modine Manufacturing in the 3rd quarter valued at about $39,000. Danske Bank A S acquired a new stake in shares of Modine Manufacturing in the 3rd quarter valued at approximately $43,000. Finally, Toth Financial Advisory Corp bought a new position in Modine Manufacturing during the 3rd quarter worth approximately $57,000. 95.23% of the stock is currently owned by institutional investors.

Trending Headlines about Modine Manufacturing

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

• Positive Sentiment: Modine and Gentherm announced a deal to combine Modine’s Performance Technologies unit with Gentherm in a reverse Morris Trust transaction (~$1.0B value) that creates a scaled thermal-management leader and accelerates Modine’s transformation to a higher-margin climate solutions business. This is the primary strategic catalyst lifting the stock. Gentherm and Modine Combine – GlobeNewswire
• Positive Sentiment: DA Davidson reaffirmed a Buy on MOD with a $200 price target, providing a near-term analyst endorsement and visible upside from current levels that likely supports additional buying interest. DA Davidson Buy Rating – American Banking News
• Positive Sentiment: Unusual options activity: traders purchased ~5,600 MOD calls (?254% above typical call volume), signaling bullish speculative interest that can amplify intraday moves. (No article link)
• Positive Sentiment: Market commentary and momentum pieces note a recent strong rally and upward estimate revisions, suggesting momentum traders and upgraded forecasts are contributing to the price run. Modine Soars 20.3% – Zacks
• Positive Sentiment: News outlets covered the share jump tied to the Gentherm merger details, increasing visibility among investors and likely driving higher volume. Modine Shares Jump on $1B Merger – MSN
• Neutral Sentiment: Analyst/deep-dive pieces are updating estimates and looking beyond revenue/EPS to metrics that will matter for the quarter; these are informative but not immediate price drivers. Exploring Analyst Estimates – Zacks
• Neutral Sentiment: Transcripts/slides from recent Modine investor/M&A calls provide detail on the spin-off and combination mechanics; useful for assessing deal execution and timing but incremental to headline-driven moves. M&A Call Transcript – Seeking Alpha

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.