Dana (NYSE:DAN) Hits New 1-Year High – What’s Next?

Dana Incorporated (NYSE:DAN) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.54 and last traded at $23.6790, with a volume of 108018 shares traded. The stock had previously closed at $22.82.

Analyst Ratings Changes

DAN has been the subject of a number of research reports. UBS Group upped their price objective on shares of Dana from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company raised their target price on shares of Dana from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research report on Monday. Barclays increased their price objective on shares of Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Zacks Research lowered shares of Dana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Dana presently has an average rating of “Moderate Buy” and an average price target of $26.40.

Dana Stock Performance

The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31. The stock has a market cap of $2.77 billion, a PE ratio of 52.73, a price-to-earnings-growth ratio of 4.39 and a beta of 2.16. The firm has a fifty day moving average price of $21.13 and a 200 day moving average price of $19.29.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). Dana had a return on equity of 6.35% and a net margin of 0.64%.The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Dana’s dividend payout ratio is 88.89%.

Institutional Trading of Dana

A number of institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its stake in Dana by 1,706.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock valued at $4,271,000 after purchasing an additional 201,344 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Dana during the third quarter worth $553,000. Entropy Technologies LP grew its holdings in shares of Dana by 266.2% during the third quarter. Entropy Technologies LP now owns 37,303 shares of the auto parts company’s stock valued at $748,000 after buying an additional 27,116 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Dana by 3.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in shares of Dana by 6.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 207,608 shares of the auto parts company’s stock valued at $4,160,000 after acquiring an additional 13,270 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

About Dana

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.