Modine Manufacturing Co (NYSE: MOD) is -12.49% lower on its value in year-to-date trading and has touched a low of $60.00 and a high of $146.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MOD stock was last observed hovering at around $102.46 in the last trading session, with the day’s loss setting it -1.01%.
Currently trading at $101.45, the stock is -15.84% and -19.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -0.99% at the moment leaves the stock -10.76% off its SMA200. MOD registered 51.92% gain for a year compared to 6-month loss of -13.78%. The firm has a 50-day simple moving average (SMA 50) of $126.1698 and a 200-day simple moving average (SMA200) of $113.68745.
The stock witnessed a -13.76% gain in the last 1 month and extending the period to 3 months gives it a -22.15%, and is -23.28% 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 12.14% over the week and 6.22% over the month.
Modine Manufacturing Co (MOD) has around 11400 employees, a market worth around $5.33B and $2.48B in sales. Current P/E ratio is 33.30 and Fwd P/E is 21.41. Profit margin for the company is 6.59%. Distance from 52-week low is 69.08% and -30.91% from its 52-week high. The company has generated returns on investments over the last 12 months (12.65%).
with sales reaching $613.88M over the same period.The EPS is expected to grow by 17.75% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to grow 9.35% in year-over-year returns.
Modine Manufacturing Co (MOD) Top Institutional Holders
520.0 institutions hold shares in Modine Manufacturing Co (MOD), with institutional investors hold 105.88% of the company’s shares. The shares outstanding are 52.50M, and float is at 51.41M with Short Float at 6.75%. Institutions hold 104.14% 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 McGinnis Eric S, the company’s President, Climate Solutions. SEC filings show that McGinnis Eric S sold 44,000 shares of the company’s common stock on Nov 08 ’24 at a price of $127.25 per share for a total of $5.6 million. Following the sale, the insider now owns 36551.0 shares.
Still, SEC filings show that on Aug 15 ’24, WILLIAMS MARSHA C (Director) disposed off 34,400 shares at an average price of $109.74 for $3.78 million. The insider now directly holds 144,038 shares of Modine Manufacturing Co (MOD).
