DA Davidson Reiterates Buy Rating on Modine Manufacturing
DA Davidson maintained its buy rating for Modine Manufacturing with a $330 target price, a 19.26% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating on Modine Manufacturing Company (MOD:NYSE) with a target price of $330 on June 22, 2026.
- DA Davidson's $330 price target implies 19.26% upside from Modine Manufacturing Company's ($MOD) current $276.70 share price.
- Modine shares traded at $297.37 on Monday, with a market cap of about $15.71 billion and a forward P/E of 26.2.
- Insiders at Modine, including Eric McGinnis and Arthur Laszlo Jr., sold shares in June, while other analysts like UBS and Oppenheimer also maintained buy ratings.
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DA Davidson reiterated its buy rating on Modine Manufacturing Company (NYSE:MOD) on June 22, 2026. Analyst Matt Summerville set a price target of $330, maintaining a positive outlook on the stock.
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Modine Manufacturing Company Stock Up 55.8%
Shares of MOD traded near $297.37 on Monday. The company has a market cap of approximately $15.71 billion. Its price-to-earnings (P/E) ratio is 131.6, with a forward P/E of 26.2, indicating expectations of future earnings growth. Modine's stock has a 52-week low of $86.48 and a high of $323.25. The 50-day moving average is $266.47, while the 200-day moving average is $191.72. The company's beta is 1.66, suggesting it is more volatile than the market.
$MOD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Modine reported revenues of about $3.18 billion, reflecting a growth rate of 47.5%. The company achieved an earnings per share (EPS) of $2.26, with a net margin of 3.8% and a return on equity (ROE) of 11.6%. Investors are looking forward to the next earnings announcement on July 28, 2026.
Insider Buying and Selling at Modine Manufacturing Company
Several insiders at Modine have been selling shares recently. Eric McGinnis, President of Commercial HVAC, sold 1,020 shares on June 18, 2026, at an average price of $295.07. Arthur Laszlo Jr., President of Data Centers, sold 900 shares on June 1, 2026, at $295.76. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 22, 2026, DA Davidson maintained its buy rating on Modine with a $330 target. Other firms like UBS and Oppenheimer also maintained buy ratings, with UBS setting a target of $355 and Oppenheimer at $325. Keybanc has the highest target at $370, underscoring the positive sentiment among analysts.
About Modine Manufacturing Company
Founded in 1916 and headquartered in Racine, Wisconsin, Modine Manufacturing Company designs and manufactures thermal management solutions. It serves various industries with products such as heat transfer systems, heating and cooling equipment, and powertrain cooling modules. The company operates globally, providing solutions for automotive, commercial HVAC, and data center applications. Led by CEO Neil D. Brinker, Modine employs approximately 13,200 people.
Bottom Line
DA Davidson's reaffirmation of its buy rating on Modine Manufacturing reflects continued confidence in the company's growth prospects, with a target price of $330. Modine's stock performance and insider activities are closely watched by investors, as well as the broader analyst community that remains optimistic about the company's future. Keep in mind that 13F filings and analyst ratings are backward-looking and may not reflect the current position or sentiment.
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