Modine Manufacturing Co. (NYSE: MOD) is 51.19% higher on its value in year-to-date trading and has touched a low of $19.41 and a high of $91.12 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MOD stock was last observed hovering at around $89.34 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $90.26, the stock is 19.65% and 34.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 1.03% at the moment leaves the stock 91.82% off its SMA200. MOD registered 273.44% gain for a year compared to 6-month gain of 92.82%. The firm has a 50-day simple moving average (SMA 50) of $2.02 and a 200-day simple moving average (SMA200) of $16.54.
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The stock witnessed a 36.74% loss in the last 1 month and extending the period to 3 months gives it a 75.57%, and is 16.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.87% over the week and 5.17% over the month.
Modine Manufacturing Co. (MOD) has around 11300 employees, a market worth around $4.71B and $2.42B in sales. Current P/E ratio is 21.27 and Fwd P/E is 24.04. Profit margin for the company is 9.32%. Distance from 52-week low is 365.02% and -0.95% from its 52-week high. The company has generated returns on investments over the last 12 months (20.50%).
Modine Manufacturing Co. quarterly earnings per share for the current quarter are estimated at $0.75 with sales reaching $606.74M over the same period.The EPS is expected to grow by 65.47% this year, but quarterly earnings will post 5.80% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
393 institutions hold shares in Modine Manufacturing Co. (MOD), with institutional investors hold 99.54% of the company’s shares. The shares outstanding are 52.10M, and float is at 50.90M with Short Float at 4.88%. Institutions hold 97.49% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 5.01 million shares valued at $165.48 million. The investor’s holdings represent 9.58% of the MOD Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 3.84 million shares valued at $126.72 million to account for 7.33% of the shares outstanding. The other top investors are Frontier Capital Management Company LLC which holds 3.65 million shares representing 6.98% and valued at over $120.54 million, while Vanguard Group Inc holds 5.66% of the shares totaling 2.96 million with a market value of $97.79 million.
Modine Manufacturing Co. (MOD) Insider Activity
A total of 6 insider transactions have happened at Modine Manufacturing Co. (MOD) in the last six months, with sales accounting for 6 and purchases happening 0 times. The most recent transaction is an insider sale by Lucareli Michael B, the company’s EVP, CFO. SEC filings show that Lucareli Michael B sold 20,000 shares of the company’s common stock on Dec 14 at a price of $55.00 per share for a total of $1.1 million. Following the sale, the insider now owns 0.19 million shares.
Modine Manufacturing Co. disclosed in a document filed with the SEC on Dec 08 that Patterson Christopher William (Director) sold a total of 6,400 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $53.04 per share for $0.34 million. Following the transaction, the insider now directly holds 0.11 million shares of the MOD stock.
Still, SEC filings show that on Nov 20, Lucareli Michael B (EVP, CFO) disposed off 60,000 shares at an average price of $50.29 for $3.02 million. The insider now directly holds 214,587 shares of Modine Manufacturing Co. (MOD).
Modine Manufacturing Co. (MOD): Who are the competitors?
One of the company’s main competitors (and peers) include BorgWarner Inc. (BWA) that is trading -30.92% down over the past 12 months.Visteon Corp. (VC) lies in the list of competitors of the Modine Manufacturing Co. and is -33.66% lower over the same period from MODCommercial Vehicle Group Inc. (CVGI) is -20.72% down on the 1-year trading charts.
