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Modine Manufacturing (NYSE:MOD - Get Rating) - Equities researchers at DA Davidson raised their FY2023 earnings per share (EPS) estimates for Modine Manufacturing in a research report issued to clients and investors on Monday, August 8th. DA Davidson analyst M. Summerville now anticipates that the auto parts company will post earnings of $1.70 per share for the year, up from their prior forecast of $1.65. The consensus estimate for Modine Manufacturing's current full-year earnings is $1.62 per share.

Modine Manufacturing (NYSE:MOD - Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The auto parts company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.08. The business had revenue of $574.40 million during the quarter. Modine Manufacturing had a return on equity of 16.65% and a net margin of 4.64%. During the same period last year, the company earned $0.51 earnings per share.

Separately, StockNews.com upgraded shares of Modine Manufacturing from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 5th.Modine Manufacturing Stock Up 3.9 %

Shares of NYSE:MOD traded up $0.61 during midday trading on Wednesday, hitting $16.33. 10,215 shares of the stock were exchanged, compared to its average volume of 271,674. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 1.57. The company has a market capitalization of $848.72 million, a PE ratio of 8.50, a P/E/G ratio of 0.37 and a beta of 2.34. Modine Manufacturing has a 52-week low of $7.67 and a 52-week high of $15.87. The business's fifty day simple moving average is $11.81 and its two-hundred day simple moving average is $10.07. Insider Activity at Modine Manufacturing

In other news, CFO Michael B. Lucareli sold 3,783 shares of the company's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $11.94, for a total transaction of $45,169.02. Following the completion of the sale, the chief financial officer now owns 274,572 shares of the company's stock, valued at approximately $3,278,389.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.06% of the stock is owned by company insiders. Institutional Investors Weigh In On Modine Manufacturing

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Modine Manufacturing by 3.7% during the first quarter. BlackRock Inc. now owns 4,066,537 shares of the auto parts company's stock valued at $36,639,000 after purchasing an additional 144,771 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Modine Manufacturing by 5.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,250,247 shares of the auto parts company's stock worth $29,285,000 after buying an additional 171,848 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Modine Manufacturing by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,008,316 shares of the auto parts company's stock worth $27,105,000 after acquiring an additional 126,779 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in shares of Modine Manufacturing by 28.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,564,230 shares of the auto parts company's stock worth $27,001,000 after acquiring an additional 563,580 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Modine Manufacturing by 6.2% during the 1st quarter. Royce & Associates LP now owns 1,978,903 shares of the auto parts company's stock valued at $17,830,000 after buying an additional 116,236 shares during the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds. Modine Manufacturing Company Profile (Get Rating)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.Featured StoriesGet a free copy of the StockNews.com research report on Modine Manufacturing (MOD)The How and Why of Investing in Gold StocksA Rounded Bottom In Draftkings, Inc Begins To Reverse CourseWorkhorse Group Is Ready To Get Back On The Horse Are 3M, Honeywell, GE Buys After Quarterly Reports?Is Sofi Financial Stock Finally Ready to Pay Off for Investors?

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