DA Davidson Reaffirms “Buy” Rating for Modine Manufacturing (NYSE:MOD)

Modine Manufacturing (NYSE:MOD)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a report issued on Thursday,Benzinga reports. They currently have a $200.00 target price on the auto parts company’s stock. DA Davidson’s price objective would indicate a potential upside of 7.93% from the company’s previous close.

Several other research analysts have also weighed in on MOD. 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. UBS Group assumed coverage on shares of Modine Manufacturing in a research note on Thursday, November 20th. They set a “buy” rating and a $173.00 price target on the stock. Oppenheimer lifted their price target on shares of Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

Modine Manufacturing Stock Up 4.9%

MOD stock opened at $185.31 on Thursday. The company has a 50 day moving average price of $144.10 and a two-hundred day moving average price of $141.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.00. The stock has a market capitalization of $9.76 billion, a P/E ratio of 53.56, a PEG ratio of 1.12 and a beta of 1.70. Modine Manufacturing has a one year low of $64.79 and a one year high of $190.22.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, sell-side analysts expect that Modine Manufacturing will post 3.88 EPS for the current year.

Insider Activity

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $150.00, for a total transaction of $165,000.00. Following the transaction, the director owned 80,956 shares in the company, valued at $12,143,400. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Neil David Brinker sold 31,871 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the sale, the chief executive officer directly owned 238,312 shares of the company’s stock, valued at $38,263,374.72. The trade was a 11.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.48% of the company’s stock.

Institutional Trading of Modine Manufacturing

Large investors have recently bought and sold shares of the company. Spire Wealth Management purchased a new position in shares of Modine Manufacturing in the fourth quarter valued at $27,000. First Horizon Corp purchased a new stake in Modine Manufacturing during the 3rd quarter worth $38,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing in the 3rd quarter worth $39,000. Parkside Financial Bank & Trust boosted its position in Modine Manufacturing by 2,025.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after buying an additional 405 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Modine Manufacturing during the third quarter valued at about $43,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Key Headlines Impacting 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

About Modine Manufacturing

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.