Modine Manufacturing Stock Today
| MOD Stock | USD 90.99 1.94 2.18% |
Performance15 of 100
| Odds Of DistressLess than 1
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Modine Manufacturing is trading at 90.99 as of the 25th of April 2024, a 2.18 percent up since the beginning of the trading day. The stock's lowest day price was 89.65. Modine Manufacturing has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Modine Manufacturing are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2023 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Automobiles & Components | IPO Date 26th of March 1990 | Category Consumer Cyclical | Classification Consumer Discretionary |
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin. The company has 52.21 M outstanding shares of which 2.6 M shares are now shorted by investors with about 2.18 days to cover. More on Modine Manufacturing
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Follow Valuation Options Odds of Bankruptcy
Financial Report 22nd of May 2024
Modine Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Modine Manufacturing's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Modine Manufacturing or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Thomas Burke | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | MOD Resources Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, NYSE Composite, Cars, Automobiles and Trucks, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Modine Manufacturing report their recommendations after researching Modine Manufacturing's financial statements, talking to executives and customers, or listening in on Modine Manufacturing's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Modine Manufacturing. The Modine consensus assessment is calculated by taking the average forecast from all of the analysts covering Modine Manufacturing. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Modine Manufacturing's historical financial statements, Modine Manufacturing is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Modine Manufacturing is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Modine Manufacturing's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Modine Manufacturing's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Modine Manufacturing's financial leverage. It provides some insight into what part of Modine Manufacturing's total assets is financed by creditors.
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Modine Manufacturing (MOD) is traded on New York Stock Exchange in USA. It is located in 1500 DeKoven Avenue, Racine, WI, United States, 53403 and employs 11,300 people. Modine Manufacturing is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.65 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Modine Manufacturing's market, we take the total number of its shares issued and multiply it by Modine Manufacturing's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Modine Manufacturing runs under Automobile Components sector within Consumer Discretionary industry. The entity has 52.21 M outstanding shares of which 2.6 M shares are now shorted by investors with about 2.18 days to cover.
Modine Manufacturing has about 67.1 M in cash with 107.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.13.
Check Modine Manufacturing Probability Of Bankruptcy
Ownership AllocationModine Manufacturing maintains a total of 52.21 Million outstanding shares. The majority of Modine Manufacturing outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Modine Manufacturing to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Modine Manufacturing. Please pay attention to any change in the institutional holdings of Modine Manufacturing as this could imply that something significant has changed or is about to change at the company. Also note that almost five hundred twenty-two thousand seventy-eight invesors are currently shorting Modine Manufacturing expressing very little confidence in its future performance.
Check Modine Ownership Details
Modine Stock Price Odds Analysis
What are Modine Manufacturing's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Modine Manufacturing jumping above the current price in 90 days from now is about 25.02%. The Modine Manufacturing probability density function shows the probability of Modine Manufacturing stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6962. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Modine Manufacturing will likely underperform. Additionally, modine Manufacturing has an alpha of 0.3329, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Modine Manufacturing to move above the current price in 90 days from now is about 25.02 (This Modine Manufacturing probability density function shows the probability of Modine Stock to fall within a particular range of prices over 90 days) .
Modine Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Modine Manufacturing that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Modine Manufacturing's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Modine Manufacturing's value.| Instituion | Recorded On | Shares | |
| Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 1 M | |
| Driehaus Capital Management Llc | 2023-12-31 | 953.3 K | |
| Amvescap Plc. | 2023-12-31 | 839.9 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 839 K | |
| Hood River Capital Management Llc | 2023-12-31 | 806.9 K | |
| Hennessy Advisors, Inc. | 2024-03-31 | 714.4 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 674.1 K | |
| Gabelli Funds Llc | 2023-12-31 | 650.5 K | |
| Reinhart Mahoney Capital Management Inc | 2024-03-31 | 624 K | |
| Blackrock Inc | 2023-12-31 | 4.3 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.8 M |
Modine Manufacturing Historical Income Statement
Modine Manufacturing Income Statement is one of the three primary financial statements used for reporting Modine's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Modine Manufacturing revenue and expense. Modine Manufacturing Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Modine Manufacturing's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 181.6 M, whereas Total Revenue is forecasted to decline to about 1.3 B. View More FundamentalsModine Stock Against Markets
Picking the right benchmark for Modine Manufacturing stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Modine Manufacturing stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Modine Manufacturing is critical whether you are bullish or bearish towards Modine Manufacturing at a given time. Please also check how Modine Manufacturing's historical prices are related to one of the top price index indicators.
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Modine Manufacturing Corporate Directors
Modine Manufacturing corporate directors refer to members of a Modine Manufacturing board of directors. The board of directors generally takes responsibility for the Modine Manufacturing's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Modine Manufacturing's board members must vote for the resolution. The Modine Manufacturing board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Anderson | Independent Director | Profile | |
| Larry Moore | Independent Director | Profile | |
| Eric Ashleman | Independent Director | Profile | |
| Charles Cooley | Independent Director | Profile |
How to buy Modine Stock?
Before investing in Modine Manufacturing, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Modine Manufacturing. To buy Modine Manufacturing stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Modine Manufacturing. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Modine Manufacturing stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Modine Manufacturing stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Modine Manufacturing stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Modine Manufacturing, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Modine Stock please use our How to Invest in Modine Manufacturing guide.
Already Invested in Modine Manufacturing?
The danger of trading Modine Manufacturing is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Modine Manufacturing is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Modine Manufacturing. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Modine Manufacturing is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Modine Manufacturing is a strong investment it is important to analyze Modine Manufacturing's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modine Manufacturing's future performance. For an informed investment choice regarding Modine Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modine Manufacturing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For information on how to trade Modine Stock refer to our How to Trade Modine Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Modine Manufacturing's price analysis, check to measure Modine Manufacturing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Modine Manufacturing is operating at the current time. Most of Modine Manufacturing's value examination focuses on studying past and present price action to predict the probability of Modine Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modine Manufacturing's price. Additionally, you may evaluate how the addition of Modine Manufacturing to your portfolios can decrease your overall portfolio volatility.
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Is Modine Manufacturing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Modine Manufacturing. If investors know Modine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Modine Manufacturing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.804 | Earnings Share 4.25 | Revenue Per Share 46.185 | Quarterly Revenue Growth 0.003 | Return On Assets 0.0969 |
The market value of Modine Manufacturing is measured differently than its book value, which is the value of Modine that is recorded on the company's balance sheet. Investors also form their own opinion of Modine Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Modine Manufacturing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Modine Manufacturing's market value can be influenced by many factors that don't directly affect Modine Manufacturing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Modine Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modine Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modine Manufacturing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.