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

Modine Manufacturing Co stock fell 21.43% to close at $98.56. The sharp decline followed the release of second quarter fiscal 2027 earnings, where record data center growth was offset by margin pressure from tariffs and material costs.

What Happened

Modine reported revenue of $994.4 million, up 35% year over year, and adjusted earnings per share of $1.35, up 27%. The company highlighted a 95% surge in data center revenue and record orders exceeding $1 billion. Despite the strong top line, margins fell as supply costs weighed on the business. Modine raised its fiscal 2027 sales outlook to $3.1 billion to $3.2 billion and adjusted EBITDA to $470 million to $500 million, projecting 80% to 90% segment growth.

KeyBanc maintained an Overweight rating on the stock but lowered its price target from $280 to $225. The firm cited the margin headwinds despite the robust demand outlook.

What The Data Shows

The stock printed 34 fresh 52-week lows on November 4, 2026. The current price of $98.56 sits near the bottom of its 52-week range, which spans from $111.18 to $323.25. Valuation metrics show a price-to-earnings ratio of 46.8 and a beta of 1.84. The company has a market capitalization of $6.6 billion, with trailing twelve month revenue growth of 29.5% and a net margin of 4.3%.

Recent insider activity includes one sale totaling $776,000, with the most recent transaction filed on September 14, 2026. Brian Jon, VP and CHRO, sold shares on September 10, 2026. Congressional disclosures show one sale between $1,000,001 and $5,000,000 on August 17, 2026.

What To Watch

Investors will monitor how the company manages margin pressure from tariffs and material costs while executing its raised fiscal 2027 guidance. The breadth of analyst coverage, currently at 15 stories from 8 sources, will likely remain focused on the sustainability of data center demand against rising input costs.