Modine Manufacturing CEO Thomas Andrew Burke Sells 30,000 Shares (MOD)
Modine Manufacturing (NYSE:MOD) CEO Thomas Andrew Burke unloaded 30,000 shares of Modine Manufacturing stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $14.31, for a total value of $429,300.00. Following the completion of the sale, the chief executive officer now directly owns 256,114 shares of the company’s stock, valued at approximately $3,664,991. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MOD. Analysts at Zacks downgraded shares of Modine Manufacturing from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $15.40 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Modine Manufacturing from $8.00 to $11.00 in a research note to investors on Monday, August 5th. They now have a “neutral” rating on the stock.
Modine Manufacturing (NYSE:MOD) traded down 1.71% on Tuesday, hitting $13.82. The stock had a trading volume of 95,098 shares. Modine Manufacturing has a 52 week low of $6.14 and a 52 week high of $14.95. The stock has a 50-day moving average of $13.89 and a 200-day moving average of $11.3. The company’s market cap is $656.0 million.
Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.16. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $345.27 million. During the same quarter last year, the company posted $0.07 earnings per share. Modine Manufacturing’s revenue was up 7.2% compared to the same quarter last year.
Modine Manufacturing Company (NYSE:MOD), specializes in thermal management systems and components, bringing heating and cooling technology and solutions to global markets.
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