Modine Manufacturing VP Matthew J. Mcburney Sells 1,750 Shares (MOD)
Modine Manufacturing (NYSE:MOD) VP Matthew J. Mcburney sold 1,750 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $14.67, for a total transaction of $25,672.50. Following the transaction, the vice president now directly owns 15,571 shares in the company, valued at approximately $228,427. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Modine Manufacturing (NYSE:MOD) traded up 1.02% during mid-day trading on Monday, hitting $14.91. 98,677 shares of the company’s stock traded hands. Modine Manufacturing has a 1-year low of $8.03 and a 1-year high of $15.17. The stock has a 50-day moving average of $13.01 and a 200-day moving average of $13.40. The company has a market cap of $709.4 million and a P/E ratio of 81.10.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.10. The company had revenue of $347.00 million for the quarter, compared to the consensus estimate of $353.27 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Modine Manufacturing will post $0.68 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MOD shares. Analysts at McLean Capital Management upgraded shares of Modine Manufacturing from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at Sidoti initiated coverage on shares of Modine Manufacturing in a research note on Tuesday, February 18th. They set a “neutral” rating on the stock. Finally, analysts at Zacks downgraded shares of Modine Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $13.80 price target on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.70.
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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