Modine Manufacturing Co. (NYSE:MOD) COO Thomas F. Marry sold 5,492 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $20.98, for a total value of $115,222.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Modine Manufacturing Co. (MOD) traded up $0.05 during midday trading on Friday, reaching $21.80. The company’s stock had a trading volume of 214,200 shares, compared to its average volume of 244,815. Modine Manufacturing Co. has a twelve month low of $10.10 and a twelve month high of $23.95. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1,097.46, a P/E ratio of 25.65 and a beta of 1.23.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.14. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The business had revenue of $508.30 million for the quarter, compared to the consensus estimate of $466.33 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. analysts expect that Modine Manufacturing Co. will post 1.43 earnings per share for the current year.
A number of equities research analysts have weighed in on MOD shares. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 11th. ValuEngine downgraded Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $24.00.
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About Modine Manufacturing
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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