Modine Manufacturing (NYSE:MOD) Stock Price Target Lowered at Cantor Fitzgerald

Modine Manufacturing (NYSE:MOD) had its price target cut by Cantor Fitzgerald from $275.00 to $178.00 in a report released on Thursday, MarketBeat.com reports. They currently have an overweight rating on the auto parts company’s stock.

MOD has been the subject of several other reports. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. DA Davidson restated a “buy” rating and issued a $330.00 target price on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Robert W. Baird began coverage on Modine Manufacturing in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price target on the stock. B. Riley Financial dropped their price target on Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.56.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $90.93 on Thursday. The firm’s 50 day simple moving average is $168.05 and its 200 day simple moving average is $214.36. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The firm has a market capitalization 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 has a 1-year low of $87.84 and a 1-year high of $323.25.

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

Institutional Trading of Modine Manufacturing

A number of hedge funds have recently made changes to their positions in MOD. Maryland State Retirement & Pension System grew its stake in shares of Modine Manufacturing by 12.7% during the third quarter. Maryland State Retirement & Pension System now owns 3,157 shares of the auto parts company’s stock valued at $591,000 after buying an additional 356 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in shares of Modine Manufacturing by 37.0% in the third quarter. Penn Capital Management Company LLC now owns 8,501 shares of the auto parts company’s stock worth $1,608,000 after buying an additional 2,297 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of Modine Manufacturing by 13.8% in the third quarter. Van Berkom & Associates Inc. now owns 249,114 shares of the auto parts company’s stock worth $46,634,000 after buying an additional 30,126 shares during the period. Ethic Inc. lifted its stake in shares of Modine Manufacturing by 56.5% in the 3rd quarter. Ethic Inc. now owns 4,487 shares of the auto parts company’s stock valued at $840,000 after acquiring an additional 1,619 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Modine Manufacturing by 247.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 441,705 shares of the auto parts company’s stock valued at $82,687,000 after acquiring an additional 314,668 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing News Roundup

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

Modine Manufacturing Company Profile

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.