Why Is MODINE MFG CO (MOD) Stock Down Today?

Modine Manufacturing Co stock fell 24.71% to $94.45 on Tuesday. The sharp decline followed the release of second quarter fiscal 2027 results, where adjusted earnings per share of $1.35 missed consensus estimates, despite revenue of $994.4 million beating expectations.

What Happened

Modine reported Q2 revenue of $994.4 million, which exceeded the consensus estimate by $16.14 million. The company attributed the revenue jump to strong growth in its Data Center and Commercial HVAC segments. However, non-GAAP EPS of $1.35 came in below the consensus estimate of $1.52 by $0.17. The company filed an 8-K with the SEC on November 3, 2026, disclosing these results.

Following the report, KeyBanc lowered its price target on the stock to $225 from $280 while maintaining an Overweight rating. B. Riley adjusted its price target to $285 from $305 and kept a Buy rating. Modine also raised its full-year core revenue outlook to $3.100 billion to $3.200 billion, citing continued strength in data centers and commercial HVAC following the spin-off of its Performance Technologies division.

What The Data Shows

The stock opened at $124.25, a 1.0% gap down from the prior close of $125.45. It touched a session high of $125.00 at 7:10 AM ET before sliding to a session low of $93.65 at 10:50 AM ET. Trading volume reached 2.8 million shares, which is 1.8 times the three-month daily average. The stock printed 17 fresh 52-week lows on November 4, 2026.

Fundamentals show a market cap of $6.6 billion and a P/E ratio of 46.8. Trailing twelve-month revenue grew 29.5%, while the net margin stands at 4.3%. The stock has a beta of 1.84 and a 52-week range of $111.18 to $323.25. Recent insider activity includes one sale totaling $776,000 by VP and CHRO Brian Jon Agen on September 10, 2026. Congressional disclosures show one sale of $1,000,001 to $5,000,000 by Donald J. Trump on August 17, 2026.

What To Watch

Investors will monitor the breadth of analyst coverage following the price target adjustments. The company’s ability to sustain growth in the data center sector remains a key factor for future performance.