Modine Manufacturing (NYSE:MOD) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Modine Manufacturing (NYSE:MOD) released its earnings results on Tuesday. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16, Zacks reports. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Modine Manufacturing updated its FY 2026 guidance to EPS.

Modine Manufacturing Price Performance

MOD traded up $0.86 on Tuesday, reaching $104.97. The stock had a trading volume of 1,109,778 shares, compared to its average volume of 1,278,597. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 0.71 and a beta of 2.08. Modine Manufacturing has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The firm has a 50-day moving average of $84.41 and a 200-day moving average of $103.96.

Modine Manufacturing announced that its Board of Directors has authorized a share repurchase program on Friday, March 7th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director William A. Wulfsohn acquired 2,530 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $79.43 per share, with a total value of $200,957.90. Following the completion of the purchase, the director now directly owns 7,277 shares of the company’s stock, valued at $578,012.11. This represents a 53.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Modine Manufacturing

An institutional investor recently raised its position in Modine Manufacturing stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Modine Manufacturing (NYSE:MOD) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,223 shares of the auto parts company’s stock after purchasing an additional 7,831 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Modine Manufacturing worth $2,857,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $155.00 price target on shares of Modine Manufacturing in a report on Monday, March 17th.

About Modine Manufacturing

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.