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Wednesday, December 6, 2023

Insights Into Modine Manufacturing Co. (MOD) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Modine Manufacturing Co. (MOD) shows that investor sentiment remained same, with the stock’s consolidated last price to $50.48. The Modine Manufacturing Co. has recorded 19,662 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Modine Reports Second Quarter Fiscal 2024 Results, Raises Full-Year Earnings Guidance.

Stocks Info

Modine Manufacturing Co. is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto Parts industry. At the end of the last regular session, the stock closed at $50.48 and fluctuated between $51.19 as its day high and $49.00 as its day low. The current market capitalization of Modine Manufacturing Co. is $2.64B. A total of 0.58 million shares were traded on the day, compared to an average of 715.15K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MOD has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 12,943 shares. Over the last 12 months, there were 19 BUYs and 32 SELLs from insiders. Insiders purchased 140,748 shares during that period but sold 179,057.

In the most recent transaction, WILLIAMS MARSHA C sold 17,286 shares of MOD for 44.63 per share on Aug 15. After the transaction, the Director now owns 172,074 company shares. In a previous transaction on Aug 10, Lucareli Michael B sold 37,746 shares at 45.95 per share. MOD shares that EVP, CFO owns now total 293,012.

Among the insiders who sold shares, Moore Larry Oscar disposed of 17,742 shares on Jun 22 at a per-share price of $31.58. This resulted in the Director holding 57,773 shares of MOD after the transaction. In another insider transaction, Patterson Christopher William bought 400 shares at $32.09 per share on Jun 07. Company shares held by the Director now total 114,715.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MOD in the last 3 months, the mean price target is $56.75 with high estimates of $60.00 and low estimates of $50.00. In terms of 52-week highs and lows, MOD has a high of $51.76 and a low of $18.80.

As of this writing, MOD has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.54. The company reported an EPS of $0.85 in the last quarter, which was 93.20% higher than expectations of $0.44.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MOD’s latest balance sheet shows that the firm has $45.20M in Cash & Short Term Investments as of fiscal 2022. There were $377.80M in debt and $494.50M in liabilities at the time. Its Book Value Per Share was $12.80, while its Total Shareholder’s Equity was $458.10M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MOD is Buy with a score of 5.00.

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