Dana (NYSE:DAN) Sets New 52-Week High – Should You Buy?

Dana Incorporated (NYSE:DAN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $35.71 and last traded at $35.1350, with a volume of 286139 shares traded. The stock had previously closed at $32.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Zacks Research raised Dana from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. UBS Group boosted their target price on shares of Dana from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on Dana from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price objective on Dana from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

Dana Price Performance

The company’s 50-day simple moving average is $27.35 and its 200 day simple moving average is $22.65. The company has a market capitalization of $4.06 billion, a P/E ratio of 77.11, a P/E/G ratio of 1.41 and a beta of 2.14. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be given a $0.12 dividend. This is an increase from Dana’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 27th. Dana’s payout ratio is presently 88.89%.

Institutional Investors Weigh In On Dana

Large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P increased its position in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company’s stock worth $37,820,000 after buying an additional 604,246 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in Dana during the fourth quarter worth $309,000. EverSource Wealth Advisors LLC raised its stake in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. SG Americas Securities LLC grew its position in Dana by 96.7% in the 4th quarter. SG Americas Securities LLC now owns 47,902 shares of the auto parts company’s stock worth $1,138,000 after purchasing an additional 23,549 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 439 shares during the period. Institutional investors own 96.79% of the company’s stock.

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.