Modine Manufacturing Stock (NYSE:MOD), Trade Ideas

Modine Manufacturing

Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.

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Modine Manufacturing Co (NYSE: MOD) recently saw a rise in short interest in its stock.

Modine Manufacturing Ignites Optimism: Analyst Foresees Positive Estimate Revisions

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General

Modine Opens New Facility in Europe to Serve Heat Pump Market

Making a noteworthy insider sell on April 1, Jon Brian Agen, VP at Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), is reported in the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000067347/000006734724000014//Archives/edgar/data/67347/000006734724000014/0000067347-24-000014-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Agen sold 16,799 shares of Modine Manufacturing. The total transaction value is $1,606,584.
As of Tuesday morning, Modine Manufacturing shares are down by 2.57%, currently priced at $91.5.
<h3>Get to Know Modine Manufacturing Better</h3>
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
<h3>A Deep Dive into Modine Manufacturing's Financials</h3>
Positive Revenue Trend: Examining Modine Manufacturing's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.25% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 22.68%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Modine Manufacturing exhibits below-average bottom-line performance with a current EPS of 0.85.
</li>
</ul>
Debt Management: Modine Manufacturing's debt-to-equity ratio is below the industry average at 0.46, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: Modine Manufacturing's P/E ratio of 22.1 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.06 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Modine Manufacturing's EV/EBITDA ratio stands at 17.18, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Why Insider Activity Matters in Finance</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000067347">Check Out The Full List Of Modine Manufacturing's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Modine Manufacturing Insider Trades Send A Signal

A noteworthy insider acquisition was disclosed on April 1, as Agen, VP at Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), reported the acquisition of stock options for 16,799 shares.
What Happened: Uncovered in a Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0000067347/000006734724000014//Archives/edgar/data/67347/000006734724000014/0000067347-24-000014-index.htm">U.S. Securities and Exchange Commission</a>, Agen, VP at Modine Manufacturing, executed an insider options move. This move consisted of acquiring stock options for 16,799 shares of MOD, granting Agen the right to purchase the company's stock at an exercise price of $11.34 per share.
Modine Manufacturing shares are currently trading down by 2.57%, with a current price of $91.5 as of Tuesday morning. This brings the total value of Agen's 16,799 shares to $1,346,619.
<h3>Discovering Modine Manufacturing: A Closer Look</h3>
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
<h3>Key Indicators: Modine Manufacturing's Financial Health</h3>
Revenue Growth: Modine Manufacturing's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.25%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 22.68%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Modine Manufacturing exhibits below-average bottom-line performance with a current EPS of 0.85.
</li>
</ul>
Debt Management: Modine Manufacturing's debt-to-equity ratio is below the industry average at 0.46, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 22.1 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.06 is above industry norms, reflecting an elevated valuation for Modine Manufacturing's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 17.18, Modine Manufacturing demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000067347">Check Out The Full List Of Modine Manufacturing's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Jon Brian Agen Takes A Bullish Stance, Acquiring $1.35M Worth Of Modine Manufacturing Stock Options

As of March 22, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Travel + Leisure Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnl#NYSE">TNL</a>)</h3>
<ul>
<li>On March 21, Travel + Leisure completed $350 million term securitization. The company&rsquo;s stock gained around 5% over the past five days and has a <a href="https://www.benzinga.com/quote/TNL">52-week high of $47.68 </a>.</li>
<li>RSI Value: 73.66</li>
<li>TNL Price Action: Shares of Travel + Leisure closed at $47.02 on Thursday.</li>
</ul>
<h3>J.Jill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jill#NYSE">JILL</a>)</h3>
<ul>
<li>On March 20, J. Jill reported fourth-quarter FY23 sales growth of 1.2% year-on-year to $149.45 million, beating the analyst consensus estimate of $147.40 million. &ldquo;This performance is once again a testament to the execution of our disciplined operating model which has continued to support the healthy margin profile and strong cash generation of the business,&rdquo; said President and CEO Claire Spofford. The company&rsquo;s stock gained around 19% over the past month and <a href="https://www.benzinga.com/quote/JILL"> has a 52-week high </a> of $32.26.</li>
<li>RSI Value: 70.91</li>
<li>JILL Price Action: Shares of J.Jill gained 10.5% to close at $29.26 on Thursday.</li>
</ul>
<h3>Despegar.com, Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/desp#NYSE">DESP</a>)</h3>
<ul>
<li>On March 14, Despegar.com reported mixed fourth-quarter 2023 results, with sales beating estimates.. The company&rsquo;s stock gained around 36% over the past month and has a <a href="https://www.benzinga.com/quote/DESP"> 52-week high </a> of $12.10.</li>
<li>RSI Value: 77.27</li>
<li>DESP Price Action: Shares of Despegar.com gained 0.9% to close at $11.90 on Thursday.</li>
</ul>
<h3>Modine Manufacturing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>)</h3>
<ul>
<li>On March 19, Oppenheimer analyst Noah Kaye initiated coverage on Modine Manufacturing with an Outperform rating and announced a price target of $105. The company&rsquo;s stock jumped around 21% over the past five days and has a 52-week high is $106.01.</li>
<li>RSI Value: 76.68</li>
<li>MOD Price Action: Shares of Modine Manufacturing gained 3.7% to close at $102.70 on Thursday.</li>
</ul>
<h3>Toll Brothers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>)</h3>
<ul>
<li>On March 21, Oppenheimer analyst Tyler Batory maintained Toll Brothers with an Outperform and raised the price target from $141 to $157. The company&rsquo;s stock jumped around 15% over the past month and <a href="https://www.benzinga.com/quote/TOL"> has a 52-week high </a> of $128.10.</li>
<li>RSI Value: 71.84</li>
<li>TOL Price Action: Shares of Toll Brothers gained 2.3% to close at $126.53 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37885620/fedex-nike-and-3-stocks-to-watch-heading-into-friday"> FedEx, Nike And 3 Stocks To Watch Heading Into Friday </a>

Modine Manufacturing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mod#NYSE">MOD</a>) recently saw&nbsp;a <a href="https://www.benzinga.com/insights/short-sellers/24/03/37717165/looking-into-modine-manufacturings-recent-short-interest">rise in short interest in its stock</a>.
The company has multiple catalysts that may support positive estimate revisions and its share price, according to Oppenheimer.
The Modine Manufacturing Analyst: Noah Kaye initiated coverage of Modine Manufacturing with an Outperform rating and price target of $105.
The Modine Manufacturing Thesis: The company&rsquo;s ability to leverage thermal management capabilities has driven high growth in diverse end-markets, including EV thermal management systems, gensets&nbsp;and data center cooling, Kaye said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
&ldquo;We believe this core should enable success in the next stages of Modine&rsquo;s portfolio growth (e.g., data center evaporative and liquid cooling, EV systems),&rdquo; the analyst wrote.
Modine Manufacturing&rsquo;s data center cooling business emerged as &ldquo;an important supplier to the AI ecosystem,&rdquo; and could represent 25% of sales in the next four years, he added.
&ldquo;Modine&rsquo;s industrial transformation has allowed the company to focus resources toward highest-return opportunities, transform its portfolio, and structurally improve business quality,&rdquo; Kaye stated. He added that the company could continue to exit lower-margin businesses, focus on high-growth markets like data center and EVs, and migrate from component- to system-level solutions.
MOD Price Action: Shares of Modine Manufacturing had risen by 4.17% to $93.20&nbsp;at the time of publication on Tuesday.
Read Next:&nbsp;<a href="http://www.benzinga.com/news/24/03/37827520/beyond-the-limits-of-physics-jensen-huang-says-nvidia-is-not-just-a-chipmaker-puts-2t-valuation-up-a">J</a><a href="https://www.benzinga.com/news/24/03/37827520/beyond-the-limits-of-physics-jensen-huang-says-nvidia-is-not-just-a-chipmaker-puts-2t-valuation-up-a">ensen Huang Says Nvidia Is Not Just A Chipmaker, Puts $2T Valuation Up Against $100T AI Opportunity</a>
Photo: Shutterstock

6 analysts have expressed a variety of opinions on Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $89.0, a high estimate of $105.00, and a low estimate of $73.00. This upward trend is evident, with the current average reflecting a 24.91% increase from the previous average price target of $71.25.
<img src="https://www.benzinga.com/files/images/story/2024/1710853244_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Modine Manufacturing by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$105.00</td>
<td>-</td>
</tr>
<tr>
<td>Matt Summerville</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Tim Moore</td>
<td>EF Hutton</td>
<td>Raises</td>
<td>Buy</td>
<td>$73.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Matt Summerville</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$80.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Modine Manufacturing. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Modine Manufacturing compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Modine Manufacturing's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MOD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Modine Manufacturing analyst ratings.</a>
<h2>Unveiling the Story Behind Modine Manufacturing</h2>
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
<h3>Unraveling the Financial Story of Modine Manufacturing</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Modine Manufacturing's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.25%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Modine Manufacturing's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.91%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Modine Manufacturing's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 6.37%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Modine Manufacturing's ROA excels beyond industry benchmarks, reaching 2.73%. This signifies efficient management of assets and strong financial health.
Debt Management: Modine Manufacturing's debt-to-equity ratio is below the industry average. With a ratio of 0.46, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Modine Manufacturing Stands With Analysts

Oppenheimer analyst Noah Kaye initiates coverage on Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Outperform rating and announces Price Target of $105.

Oppenheimer Initiates Coverage On Modine Manufacturing with Outperform Rating, Announces Price Target of $105

Modine Manufacturing's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) short percent of float has risen 14.62% since its last report. The company recently reported that it has 2.49 million shares sold short, which is 4.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Modine Manufacturing Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710447315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Modine Manufacturing has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Modine Manufacturing's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Modine Manufacturing's peer group average for short interest as a percentage of float is 9.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Modine Manufacturing's Recent Short Interest

DA Davidson analyst Matt Summerville reiterates Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and maintains $90 price target.

Reiteration

DA Davidson Reiterates Buy on Modine Manufacturing, Maintains $90 Price Target

In the last three months, 4 analysts have published ratings on Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Modine Manufacturing and provided 12-month price targets. The average target is $84.75, accompanied by a high estimate of $98.00 and a low estimate of $73.00. Marking an increase of 18.95%, the current average surpasses the previous average price target of $71.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1709046011_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Modine Manufacturing by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Jeff Van Sinderen</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$88.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Tim Moore</td>
<td>EF Hutton</td>
<td>Raises</td>
<td>Buy</td>
<td>$73.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Matt Summerville</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$80.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Modine Manufacturing. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Modine Manufacturing compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Modine Manufacturing's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MOD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Modine Manufacturing analyst ratings.</a>
<h2>Get to Know Modine Manufacturing Better</h2>
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
<h3>Modine Manufacturing's Economic Impact: An Analysis</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Modine Manufacturing displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 0.25%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Modine Manufacturing's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 7.91%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 6.37%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.73%, the company showcases effective utilization of assets.
Debt Management: Modine Manufacturing's debt-to-equity ratio is below the industry average. With a ratio of 0.46, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Modine Manufacturing: 4 Analysts Share Their Views

B. Riley Securities analyst Jeff Van Sinderen reiterates Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and raises the price target from $88 to $98.

B. Riley Securities Reiterates Buy on Modine Manufacturing, Raises Price Target to $98

WIIM

Modine Manufacturing shares are trading higher. The company entered into a definitive agreement to acquire Scott Springfield Manufacturing.

Acquisition adds hyperscale and colocation solution to Modine's data center technology portfolio and brings highly complementary products and channels to the indoor air quality business
RACINE, Wis., Feb. 26, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097591-1&amp;h=2327407173&amp;u=https%3A%2F%2Fwww.modine.com%2F&amp;a=Modine">Modine</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), a diversified global leader in innovative thermal management and ventilation solutions, announced today that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU). With this transaction, Modine will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation data centers, telecommunications, healthcare and aerospace.
"We are excited to welcome the Scott Springfield team to the Modine family and continue to advance our complete suite of products in the data center area, as well as expand our indoor air quality offerings," said Neil D. Brinker, President and Chief Executive Officer of Modine. "The acquisition is right in line with our transformation and will bring Modine a product line and customer base in high-growth markets that fully complement and expand our current reach, including to hyperscale data center operators. Further, the addition of custom air handling unit capabilities demonstrates our continued commitment to focus on innovative, engineered solutions that help us achieve our long-term growth targets. Coming on the heels of our acquisition of Napps Technology last year and the purchase of liquid immersion cooling assets last month, Modine is in a very strong position to provide customers a full range of technology solutions in critical cooling and ventilation applications."
Based in Calgary, Canada, Scott Springfield Manufacturing is known for premier design and engineering expertise in the manufacture of AHUs for a broad range of commercial and industrial applications. The company employs approximately 500 people at two manufacturing facilities in Calgary that serve different end markets. The facility producing AHUs for blue-chip hyperscale and colocation data center customers is equipped with automated manufacturing equipment and is optimized for higher volume production. The other facility manufactures custom-built AHUs chiefly for the healthcare sector. Specially engineered AHUs are imperative in meeting the stringent HVAC, indoor air quality and energy efficiency requirements of hospitals, clean rooms and laboratories. With the purchase, Modine will also gain a sales representative network in the indoor air quality market covering additional areas in the U.S. and Canada, creating cross-selling opportunities for Modine's existing chiller portfolio.
"Technology solutions that address real-world concerns – such as delivering healthy environments for people and stable environments for the IT infrastructure that supports our digital lifestyles – are more important than ever," said Eric McGinnis, President, Climate Solutions. "Modine's data center and IAQ businesses deliver these world-class HVAC solutions to markets where efficient and effective thermal management and ventilation are vital. The acquisition of Scott Springfield will expand our portfolio and manufacturing footprint, enabling us to meet a complete range of client needs in our targeted data center and IAQ markets, positioning us as a one-stop shop for mission-critical HVAC solutions."
Scott Springfield Manufacturing expects to report final revenue for their fiscal 2023 of more than $100 million (USD). Total consideration for the transaction is based on an enterprise value of approximately $190 million (USD) and is expected to close in the first calendar quarter of 2024. The transaction will be financed through a combination of cash and debt and consideration will be paid in Canadian dollars. Management expects this acquisition to be immediately accretive to earnings and anticipates generating incremental growth and future cost savings through deployment of Modine's 80/20 operating model. Barclays served as an advisor to Modine for the transaction, and Angle Advisors served as an advisor to Scott Springfield Manufacturing.

Modine Acquires Scott Springfield Manufacturing, Gaining Air Handling Unit Offering For Strategic Data Center And Indoor Air Quality Markets; No Financial Terms Disclosed

Modine Introduced Two New Infrared Products To Its Portfolio Of Heating Solutions

Modine Manufacturing's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) short percent of float has risen 9.21% since its last report. The company recently reported that it has 2.12 million shares sold short, which is 4.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Modine Manufacturing Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707403518_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Modine Manufacturing has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Modine Manufacturing's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Modine Manufacturing's peer group average for short interest as a percentage of float is 8.39%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Modine Manufacturing?

B. Riley Securities analyst Jeff Van Sinderen maintains Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and raises the price target from $80 to $88.

B. Riley Securities Maintains Buy on Modine Manufacturing, Raises Price Target to $88

EF Hutton analyst Tim Moore maintains Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and raises the price target from $57 to $73.

EF Hutton Maintains Buy on Modine Manufacturing, Raises Price Target to $73

<h3>Gainers</h3>
<ul>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares increased by 12.3% to $3.65 during Wednesday's pre-market session. The company's market cap stands at $4.3 million. </li>
<li>Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) shares increased by 11.76% to $2.47. The market value of their outstanding shares is at $149.1 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) shares increased by 9.38% to $0.69. The company's market cap stands at $2.8 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock increased by 9.16% to $2.68. The company's market cap stands at $8.8 million. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) stock moved upwards by 8.0% to $0.54. The market value of their outstanding shares is at $59.0 million. </li>
<li>D-MARKET Electronic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPS#NASDAQ">HEPS</a>) shares rose 6.24% to $1.7. The market value of their outstanding shares is at $554.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Pinstripes Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNST#NYSE">PNST</a>) stock declined by 12.1% to $3.56 during Wednesday's pre-market session. The market value of their outstanding shares is at $180.6 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) stock declined by 10.61% to $2.95. The company's market cap stands at $3.1 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 9.84% to $1.1. The company's market cap stands at $19.7 million. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock fell 9.28% to $9.98. The market value of their outstanding shares is at $313.3 million. </li>
<li>Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) stock fell 7.61% to $61.7. The company's market cap stands at $3.2 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) shares fell 7.49% to $125.0. The company's market cap stands at $3.4 billion. The company's, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BZUN

CLEU

CTNT

GMBL

HEPS

JFBR

JZXN

PNST

SLNA

12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) reported its Q3 earnings results on Tuesday, January 30, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Modine Manufacturing beat estimated earnings by 25.42%, reporting an EPS of $0.74 versus an estimate of $0.59.
Revenue was up $1.40 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.25 which was followed by a 1.9% drop in the share price the next day.
Here's a look at Modine Manufacturing's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.64</td>
<td>0.44</td>
<td>0.45</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.89</td>
<td>0.85</td>
<td>0.67</td>
<td>0.48</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>616.18M</td>
<td>575.99M</td>
<td>583.71M</td>
<td>562.25M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>620.50M</td>
<td>622.40M</td>
<td>618.10M</td>
<td>560.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Modine Manufacturing <a href="https://www.benzinga.com/quote/MOD/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Modine Manufacturing Q3 Earnings

Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.59 by 25.42 percent. This is a 54.17 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $561.40 million which missed the analyst consensus estimate of $594.92 million by 5.63 percent. This is a 0.25 percent increase over sales of $560.00 million the same period last year.

Modine Manufacturing Q3 Adj EPS $0.74 Beats $0.59 Estimate, Sales $561.40M Miss $594.92M Estimate

I've only shared the following charts so we can stare in wonder together. At some point, these stocks will start falling. And when they do, I suspect that the selling will feed upon itself.

Musical Knives

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Modine Manufacturing: AI Exposure No Longer Under The Radar

Modine Manufacturing: The Path Towards Balanced Growth

Modine Manufacturing attracts bull rating from Oppenheimer

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Companies focused on rapidly growing their business model can be a solid addition to any investor&rsquo;s portfolio. <a href="https://investorplace.com/stock-types/growth-stocks/">Growth stocks</a> typically offer strong earnings potential and impressive share price appreciation.



Purchasing shares in a company that has garnered a strong buy rating is also a great option when discovering which company will work best as an investment.



When these two significant drivers of investment potential are combined, being stocks with solid growth potential, especially in the near term, and strong buy ratings, it&rsquo;s a no-brainer for investors seeking a solid rate of return.



Here are a few options for growth stocks that meet the above mentioned criteria and offer the potential for share price appreciation and also have a strong buy rating.



<h2>SkyWest (SKYW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/skyw1600-300x169.jpg" alt="A close-up shot of a SkyWest (SKYW) plane."><div>Source: Heather Dunbar / Shutterstock.com</div></div>SkyWest&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/skyw-stock-quote/">SKYW</a>) is a regional airline with a fleet of around 500 aircraft. It offers passenger and cargo services, leases aircraft, and offers charter flights.



On Feb. 1, SkyWest announced its earnings for the&nbsp;<a target="_blank" href="https://inc.skywest.com/assets/Uploads/PressReleases/SKYW-Q4-2023-Earnings-Release-FINAL.pdf">fourth quarter full year 2023</a>, and it stated that total revenue increased by 10% year-over-year. It reported a net loss for Q4 2022 of $47 million, and for Q4 2023, it became a net income of $18 million.



SkyWest repurchased 1 million shares for approximately $45 million in the fourth quarter. The total share buyback program approved by its board of directors in May 2023 allows for another $91 million in repurchases.



It has a deal with multiple major airlines, including Alaska Air Group (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/alk-stock-quote/">ALK</a>), United Airlines (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>), and Delta Air Lines (NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/dal-stock-quote/">DAL</a>), to deliver<a target="_blank" href="https://inc.skywest.com/assets/Uploads/PressReleases/SKYW-Q4-2023-Earnings-Release-FINAL.pdf">&nbsp;its E175 aircraft</a>&nbsp;by the end of 2026.



SkyWest has performed remarkably well compared to its peers, such as Jet Blue Airways (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/jblu-stock-quote/">JBLU</a>) and Frontier Group (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/ulcc-stock-quote/">ULCC</a>). Its share price has more than tripled within the last year and still offers investors a decent value buy opportunity.



SKYW is an airline company that has been rewarding its investors. With strong earnings potential and the growing demand for travel, this may just be the start for SkyWest, which is the reason it has a strong buy rating.



<h2>Vital Farms (VITL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/eggs-1600-300x169.png" alt="A carton of eggs is placed on top a burlap bag. One egg is cracked open. Why is the cost of eggs rising?"><div>Source: Poravute Siriphiroon / Shutterstock.com</div></div>Vital Farms&nbsp;(NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/vitl-stock-quote/">VITL</a>) is a company that produces pastured-raised eggs and other related products.



On Mar. 7, Vital Farms reported earnings for the&nbsp;<a target="_blank" href="https://investors.vitalfarms.com/news-releases/news-release-details/vital-farms-reports-fourth-quarter-and-fiscal-year-2023">fourth quarter full year 2023</a>, stating that total revenue increased by approximately 23% when compared to the previous year. Earnings per share for Q4 2022 were four cents, and in Q4 2023, it increased by over fourfold to seventeen cents. Cash and cash equivalents for Vital Farms were $116 million at the end of 2023, and it also mentioned that it had no outstanding debt.



The fiscal year 2024 Vital Farms outlook reports that total revenue is anticipated to increase by at least 17% over the full year 2023 results.



Its share price has risen by 68% within the last year, most notably due to increased revenue and growth in its customer base.



Vital Farms is definitely a strong buy stock due to its recent earnings growth. With its latest earnings report exceeding analyst expectations and a renewed view on the outlook of 2024, VITL could be a great pick-up for any investor.



<h2>Modine Manufacturing (MOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/mod1600-300x169.jpg" alt="The front of a Modine Manufacturing (MOD) facility with the company name and logo present."><div>Source: Tony Savino / Shutterstock.com</div></div>Modine Manufacturing&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/mod-stock-quote/">MOD</a>) is a company that primarily produces heat transfer systems for a wide range of vehicles. It also supplies various HVAC and refrigeration products for industrial applications.



Over this past year, its share price has more than quadrupled due to increased earnings growth and the rollout of a new product.



On Jan. 30, Modine reported earnings for the&nbsp;<a target="_blank" href="https://investors.modine.com/press-releases/press-release-details/2024/Modine-Reports-Third-Quarter-Fiscal-2024-Results-Raises-Full-Year-Earnings-Guidance/default.aspx">third quarter of fiscal year 2023</a>, in which it stated that total sales remained practically unchanged and net income rose by 83%. Modine also revised its sales guidance for fiscal year 2024, which set the expected range for total sales to increase by 4-7%.



On Feb. 26, Modine announced that it&nbsp;had acquired <a href="https://investors.modine.com/press-releases/press-release-details/2024/Modine-Acquires-Scott-Springfield-Manufacturing-Gaining-Air-Handling-Unit-Offering-for-Strategic-Data-Center-and-Indoor-Air-Quality-Markets/default.aspx" target="_blank">Scott Springfield Manufacturing</a>, a Canadian manufacturer of air handling units. With this acquisition, Modine seeks to improve its indoor air quality product line.



Oppenheimer&rsquo;s recent increase in its price target to $105 shows that Modine still may see an overall increase in its share price, which may offer investors potential upside to a company that has had an incredible year.



As of this writing, Noah Bolton held a LONG position&nbsp;in MOD.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Noah has about a year of freelance writing experience. He&rsquo;s worked with Investopedia dealing with
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