Modine Manufacturing (NYSE:MOD) Posts Earnings Results, Beats Expectations By $0.16 EPS

Modine Manufacturing (NYSE:MOD) issued its quarterly earnings data on Tuesday. The auto parts company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16, Zacks reports. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Modine Manufacturing updated its FY 2026 guidance to EPS.

Modine Manufacturing Stock Performance

Modine Manufacturing stock traded up $0.86 during mid-day trading on Tuesday, reaching $104.97. 1,101,287 shares of the company traded hands, compared to its average volume of 1,278,308. The firm’s fifty day moving average is $84.41 and its two-hundred day moving average is $103.96. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 0.71 and a beta of 2.08. Modine Manufacturing has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18.

Insider Transactions at Modine Manufacturing

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

Hedge Funds Weigh In On Modine Manufacturing

An institutional investor recently raised its position in Modine Manufacturing stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Modine Manufacturing (NYSE:MOD) by 26.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,223 shares of the auto parts company’s stock after acquiring an additional 7,831 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Modine Manufacturing worth $2,857,000 as of its most recent SEC filing. 95.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “buy” rating and issued a $155.00 price target on shares of Modine Manufacturing in a report on Monday, March 17th.

Modine Manufacturing announced that its board has authorized a stock repurchase program on Friday, March 7th that authorizes the company to buyback $100.00 million in outstanding 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 management believes its shares are undervalued.

About Modine Manufacturing

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.