Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Modine Manufacturing Co. (NYSE: MOD) closed the day trading at $86.52 up 3.38% from the previous closing price of $83.69. In other words, the price has increased by $3.38 from its previous closing price. On the day, 0.79 million shares were traded. MOD stock price reached its highest trading level at $87.71 during the session, while it also had its lowest trading level at $83.18.
Ratios:
For a better understanding of MOD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.93. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 19, 2024, initiated with a Outperform rating and assigned the stock a target price of $105.
On June 07, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $40.B. Riley Securities initiated its Buy rating on June 07, 2023, with a $40 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when Agen Brian Jon sold 16,799 shares for $95.64 per share. The transaction valued at 1,606,584 led to the insider holds 102,409 shares of the business.
Wilson David J. sold 8,000 shares of MOD for $713,768 on Mar 18 ’24. The Director now owns 6,109 shares after completing the transaction at $89.22 per share. On Mar 07 ’24, another insider, Patterson Christopher William, who serves as the Director of the company, sold 14,225 shares for $90.56 each. As a result, the insider received 1,288,243 and left with 97,517 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MOD now has a Market Capitalization of 4517018624 and an Enterprise Value of 4781114368. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.39, and their Forward P/E ratio for the next fiscal year is 22.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 6.21. Its current Enterprise Value per Revenue stands at 1.974 whereas that against EBITDA is 16.196.
Stock Price History:
The Beta on a monthly basis for MOD is 2.30, which has changed by 3.1837525 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, MOD has reached a high of $106.01, while it has fallen to a 52-week low of $19.41. The 50-Day Moving Average of the stock is -1.79%, while the 200-Day Moving Average is calculated to be 47.33%.
Shares Statistics:
Over the past 3-months, MOD traded about 1.05M shares per day on average, while over the past 10 days, MOD traded about 863160 shares per day. A total of 52.10M shares are outstanding, with a floating share count of 50.92M. Insiders hold about 2.46% of the company’s shares, while institutions hold 94.20% stake in the company. Shares short for MOD as of 1711584000 were 2602825 with a Short Ratio of 2.48, compared to 1709164800 on 2891748. Therefore, it implies a Short% of Shares Outstanding of 2602825 and a Short% of Float of 5.09.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.37. The current Payout Ratio is 0.00% for MOD, which recently paid a dividend on 2008-11-19 with an ex-dividend date of 1227052800. Stock splits for the company last occurred on 1993-02-22 when the company split stock in a 2:1 ratio.
