Let’s look at the key reasons that are pushing Modine Manufacturing Co (MOD) to new highs

On Friday, Modine Manufacturing Co (NYSE: MOD) opened lower -5.21% from the last session, before settling in for the closing price of $117.77. Price fluctuations for MOD have ranged from $39.20 to $141.72 over the past 52 weeks.

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 2.21%. Company’s average yearly earnings per share was noted 17.79% at the time writing. With a float of $51.45 million, this company’s outstanding shares have now reached $52.40 million.

Let’s determine the extent of company efficiency that accounts for 11400 employees. In terms of profitability, gross margin is 23.86%, operating margin of 11.13%, and the pretax margin is 9.17%.

Modine Manufacturing Co (MOD) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of Modine Manufacturing Co is 2.00%, while institutional ownership is 103.13%. The most recent insider transaction that took place on Aug 15 ’24, was worth 3,775,072. In this transaction Director of this company sold 34,400 shares at a rate of $109.74, taking the stock ownership to the 144,038 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Director proposed sale 34,400 for $110.00, making the entire transaction worth $3,784,000.

Modine Manufacturing Co (MOD) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 17.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.00% during the next five years compared to 12.90% growth over the previous five years of trading.

Modine Manufacturing Co (NYSE: MOD) Trading Performance Indicators

Check out the current performance indicators for Modine Manufacturing Co (MOD). In the past quarter, the stock posted a quick ratio of 1.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.24. Likewise, its price to free cash flow for the trailing twelve months is 56.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.05, a number that is poised to hit 0.79 in the next quarter and is forecasted to reach 4.74 in one year’s time.

Technical Analysis of Modine Manufacturing Co (MOD)

Looking closely at Modine Manufacturing Co (NYSE: MOD), its last 5-days average volume was 1.02 million, which is a jump from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 16.24%. Additionally, its Average True Range was 6.31.

During the past 100 days, Modine Manufacturing Co’s (MOD) raw stochastic average was set at 46.63%, which indicates a significant increase from 0.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.74% in the past 14 days, which was lower than the 71.33% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $122.81, while its 200-day Moving Average is $101.02. However, in the short run, Modine Manufacturing Co’s stock first resistance to watch stands at $116.57. Second resistance stands at $121.50. The third major resistance level sits at $124.01. If the price goes on to break the first support level at $109.12, it is likely to go to the next support level at $106.61. Now, if the price goes above the second support level, the third support stands at $101.68.

Modine Manufacturing Co (NYSE: MOD) Key Stats

There are currently 52,503K shares outstanding in the company with a market cap of 5.56 billion. Presently, the company’s annual sales total 2,408 M according to its annual income of 161,500 K. Last quarter, the company’s sales amounted to 661,500 K and its income totaled 47,300 K.