Modine Manufacturing Company (NYSE:MOD) has a beta value of 2.67 and has seen 534,071 shares traded in the last trading session. The company, currently valued at $554.44 Million, closed the last trade at $10.84 per share which meant it gained $0.06 on the day or 0.56% during that session. The MOD stock price is -10.33% off its 52-week high price of $11.96 and 73.8% above the 52-week low of $2.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 526.4 Million shares traded. The 3-month trading volume is 364.81 Million shares.
The consensus among analysts is that Modine Manufacturing Company (MOD) is an Overweight stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.28.
Modine Manufacturing Company (NYSE:MOD) trade information
Sporting 0.56% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the MOD stock price touched $11.96- or saw a rise of 9.36%. Year-to-date, Modine Manufacturing Company shares have moved 40.78%, while the 5-day performance has seen it change 2.36%. Over the past 30 days, the shares of Modine Manufacturing Company (NYSE:MOD) have changed 50.97%. Short interest in the company has seen 1.15 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $14.5, which means that the shares’ value could jump 33.76% from current levels. The projected low price target is $14.5 while the price target rests at a high of $14.5. In that case, then, we find that the current price level is +33.76% off the targeted high while a plunge would see the stock lose 33.76% from current levels.
Modine Manufacturing Company (MOD) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16% over the past 5 years. Earnings growth for 2020 is a modest -102.9% while over the next 5 years, the company’s earnings are expected to increase by 8.9%.
Modine Manufacturing Company (NYSE:MOD)’s Major holders
Insiders own 4.07% of the company shares, while shares held by institutions stand at 87.28% with a share float percentage of 90.98%. Investors are also buoyed by the number of investors in a company, with Modine Manufacturing Company having a total of 175 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 4.09 Million shares worth more than $25.59 Million. As of September 29, 2020, Dimensional Fund Advisors LP held 8.01% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.95 Million shares as of September 29, 2020. The firm’s total holdings are worth over $24.68 Million and represent 7.72% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are DFA U.S. Small Cap Value Series and Vanguard Total Stock Market Index Fund. As of July 30, 2020, the former fund manager holds about 2.92% shares in the company for having 1494248 shares of worth $8.13 Million while later fund manager owns 1.32 Million shares of worth $7.28 Million as of June 29, 2020, which makes it owner of about 2.58% of company’s outstanding stock.