Modine Manufacturing (NYSE:MOD) Given New $215.00 Price Target at Oppenheimer

Modine Manufacturing (NYSE:MOD) had its price objective reduced by Oppenheimer from $260.00 to $215.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

MOD has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. DA Davidson reaffirmed a “buy” rating and set a $330.00 target price on shares of Modine Manufacturing in a report on Tuesday, October 27th. Robert W. Baird started coverage on Modine Manufacturing in a research report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price target for the company. Finally, Zacks Research cut Modine Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $281.56.

Modine Manufacturing Stock Down 7.7%

Shares of MOD stock opened at $90.93 on Thursday. Modine Manufacturing has a 1 year low of $87.84 and a 1 year high of $323.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. The business’s fifty day moving average is $168.05 and its 200-day moving average is $214.36. The stock has a market cap of $4.83 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 0.35 and a beta of 1.86.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The business had revenue of $994.40 million during the quarter, compared to analyst estimates of $978.31 million. Modine Manufacturing had a net margin of 3.58% and a return on equity of 26.28%. Modine Manufacturing’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Equities analysts expect that Modine Manufacturing will post 7.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MOD. BlackRock Inc. acquired a new stake in shares of Modine Manufacturing in the second quarter worth $765,540,000. Paradigm Capital Management Inc. NY bought a new position in Modine Manufacturing during the second quarter worth $388,140,000. Janus Henderson Group PLC increased its position in Modine Manufacturing by 2,249.9% during the first quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock worth $113,459,000 after acquiring an additional 501,229 shares during the period. Jupiter Topco LLC acquired a new position in Modine Manufacturing during the 2nd quarter valued at $123,873,000. Finally, Blue Whale Capital LLP acquired a new position in Modine Manufacturing during the 2nd quarter valued at $123,747,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing News Summary

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine reported record quarterly order intake of about $1 billion, driven by AI data-center demand. Management highlighted plans to expand production capacity as demand accelerates. Modine posts record $1B quarterly order intake on AI data center demand
• Positive Sentiment: The company forecast fiscal 2027 sales of $3.1 billion–$3.2 billion and adjusted EBITDA of $470 million–$500 million, with data-center segment growth expected to reach 80%–90%. Modine expects fiscal 2027 sales and EBITDA growth
• Neutral Sentiment: Analysts cut price targets but retained bullish ratings: UBS lowered its target to $160 from $355 and maintained Buy; Oppenheimer reduced its target to $215 from $260 and kept Outperform; Cantor Fitzgerald and KeyCorp also lowered targets, while maintaining Overweight ratings. The cuts may weigh on sentiment despite the continued positive ratings. UBS Adjusts Modine Manufacturing Price Target
• Negative Sentiment: Quarterly EPS missed consensus, despite revenue exceeding estimates and rising year over year. Management also discussed recovering higher material costs, highlighting pressure on margins. Modine Manufacturing Fiscal Q2 Adjusted Earnings, Revenue Rise

About Modine Manufacturing

Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.