Dana (NYSE:DAN) Hits New 1-Year High – Should You Buy?

Dana Incorporated (NYSE:DAN)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $27.22 and last traded at $27.30, with a volume of 206597 shares. The stock had previously closed at $26.69.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Wells Fargo & Company raised their price target on shares of Dana from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays lifted their price objective on Dana from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.60.

Dana Price Performance

The stock has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $20.11. The stock has a market capitalization of $3.19 billion, a P/E ratio of 60.67, a price-to-earnings-growth ratio of 1.06 and a beta of 2.14. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31.

Dana (NYSE:DAN) last announced its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company earned $0.12 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. Dana’s payout ratio is presently 88.89%.

Institutional Investors Weigh In On Dana

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in Dana during the second quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Dana during the second quarter worth $176,000. SG Americas Securities LLC bought a new position in shares of Dana in the 3rd quarter worth about $488,000. Finally, Horizon Investments LLC acquired a new position in Dana in the third quarter valued at approximately $553,000. 96.79% of the stock is currently owned by institutional investors.

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.