On June 25, Modine Manufacturing rose 5.17% in regular trading, trading at 286.45 USD/share, with turnover of $45.75 million. The Building Products sector collectively strengthened during the session, triggering a broad-based technical rebound across the group.
Within the Building Products sector, Builders FirstSource gained 4.77%, Trane Technologies rose 4.43%, Lennox climbed 4.21%, Johnson Controls advanced 3.39%, and Carrier Global added 2.98%. The sector-wide recovery provided momentum for Modine's price repair following its 5.14% decline on June 23, when UBS noted near-term growth deceleration despite maintaining a buy rating with a $355 price target.
Fundamental support remains intact from the company's landmark $4 billion long-term capacity agreement with a strategic data center customer disclosed in late May, along with fiscal Q4 results that beat estimates with adjusted EPS of $1.71 versus the $1.55 consensus and revenue of $954.4 million versus $920.7 million expected. UBS projects Modine's data center business could generate over $4 billion in revenue by fiscal 2029, roughly four times current levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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