Modine Manufacturing Co. (NYSE: MOD) is 58.78% higher on its value in year-to-date trading and has touched a low of $19.41 and a high of $106.01 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 $93.78 in the last trading session, with the day’s gains setting it 1.01%.
Currently trading at $94.79, the stock is 3.32% and 14.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.08% at the moment leaves the stock 71.73% off its SMA200. MOD registered 313.21% gain for a year compared to 6-month gain of 114.36%. The firm has a 50-day simple moving average (SMA 50) of $2.12 and a 200-day simple moving average (SMA200) of $17.34.
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The stock witnessed a 6.39% loss in the last 1 month and extending the period to 3 months gives it a 63.52%, and is -0.48% down 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 4.29% over the week and 4.98% over the month.
Modine Manufacturing Co. (MOD) has around 11300 employees, a market worth around $4.95B and $2.42B in sales. Current P/E ratio is 22.34 and Fwd P/E is 24.88. Profit margin for the company is 9.32%. Distance from 52-week low is 388.36% and -10.58% 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 $0.76 with sales reaching $605.36M over the same period.The EPS is expected to grow by 66.26% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.
401 institutions hold shares in Modine Manufacturing Co. (MOD), with institutional investors hold 100.53% of the company’s shares. The shares outstanding are 52.10M, and float is at 50.92M with Short Float at 5.48%. Institutions hold 98.48% 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
The most recent transaction is an insider sale by Agen Brian Jon, the company’s VP, Human Resources. SEC filings show that Agen Brian Jon sold 16,799 shares of the company’s common stock on Mar 28 ’24 at a price of $95.64 per share for a total of $1.61 million. Following the sale, the insider now owns 0.1 million shares.
Modine Manufacturing Co. disclosed in a document filed with the SEC on Mar 18 ’24 that Wilson David J. (Director) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $89.22 per share for $0.71 million. Following the transaction, the insider now directly holds 6109.0 shares of the MOD stock.
Still, SEC filings show that on Mar 07 ’24, Patterson Christopher William (Director) disposed off 14,225 shares at an average price of $90.56 for $1.29 million. The insider now directly holds 97,517 shares of Modine Manufacturing Co. (MOD).
