Modine Manufacturing Co. (NYSE: MOD) is 123.99% higher on its value in year-to-date trading and has touched a low of $38.50 and a high of $135.18 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 $133.69 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $133.72, the stock is 17.83% and 22.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.02% at the moment leaves the stock 46.78% off its SMA200. MOD registered 193.18% gain for a year compared to 6-month gain of 39.52%. The firm has a 50-day simple moving average (SMA 50) of $109.8758 and a 200-day simple moving average (SMA200) of $91.50755.
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The stock witnessed a 14.84% loss in the last 1 month and extending the period to 3 months gives it a 38.81%, and is 14.34% 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 5.09% over the week and 5.70% over the month.
Modine Manufacturing Co. (MOD) has around 11400 employees, a market worth around $7.01B and $2.45B in sales. Current P/E ratio is 43.66 and Fwd P/E is 28.76. Profit margin for the company is 6.70%. Distance from 52-week low is 247.32% and -1.08% from its 52-week high. The company has generated returns on investments over the last 12 months (12.92%).
Modine Manufacturing Co. quarterly earnings per share for the current quarter are estimated at 0.92 with sales reaching $646.91M over the same period.The EPS is expected to grow by 18.56% this year, but quarterly earnings will post 8.60% year-over-year.
473.0 institutions hold shares in Modine Manufacturing Co. (MOD), with institutional investors hold 107.84% of the company’s shares. The shares outstanding are 52.40M, and float is at 51.35M with Short Float at 7.50%. Institutions hold 106.00% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.55 million shares valued at $555.65 million. The investor’s holdings represent 10.5839 of the MOD Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.96 million shares valued at $496.71 million to account for 9.4612 of the shares outstanding. The other top investors are FMR LLC which holds 3.87 million shares representing 7.3941 and valued at over $388.19 million, while DIMENSIONAL FUND ADVISORS LP holds 5.209 of the shares totaling 2.73 million with a market value of $273.46 million.
Modine Manufacturing Co. (MOD) Insider Activity
The most recent transaction is an insider sale by WILLIAMS MARSHA C, the company’s Director. SEC filings show that WILLIAMS MARSHA C sold 34,400 shares of the company’s common stock on Aug 15 ’24 at a price of $109.74 per share for a total of $3.78 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Mar 28 ’24, Agen Brian Jon (VP, Human Resources) disposed off 16,799 shares at an average price of $95.64 for $1.61 million. The insider now directly holds 102,409 shares of Modine Manufacturing Co. (MOD).
