Modine Manufacturing Company (NYSE:MOD) VP Matthew J. Mcburney sold 3,522 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.97, for a total value of $80,900.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Modine Manufacturing Company (NYSE:MOD) traded down $0.30 on Friday, hitting $22.60. The company had a trading volume of 278,160 shares, compared to its average volume of 327,817. 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 cap of $1,137.73, a price-to-earnings ratio of 17.25 and a beta of 1.22. Modine Manufacturing Company has a twelve month low of $10.10 and a twelve month high of $23.95.
Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.14. The business had revenue of $508.30 million for the quarter, compared to analyst estimates of $466.33 million. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The business’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period last year, the company posted ($0.01) EPS. equities research analysts forecast that Modine Manufacturing Company will post 1.43 EPS for the current year.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Modine Manufacturing presently has a consensus rating of “Hold” and a consensus price target 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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