Dana (NYSE:DAN) Sets New 1-Year High – Still a Buy?

Dana Incorporated (NYSE:DAN) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.08 and last traded at $23.9870, with a volume of 84877 shares traded. The stock had previously closed at $23.98.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dana in a research report on Monday, December 22nd. Barclays lifted their target price on Dana from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Royal Bank Of Canada raised their price target on Dana from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. UBS Group increased their target price on Dana from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Dana from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.40.

Dana Stock Up 0.1%

The stock’s fifty day moving average price is $21.73 and its 200-day moving average price is $19.60. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 4.45 and a beta of 2.16.

Dana (NYSE:DAN) last issued 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). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, sell-side analysts predict 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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, November 7th. Dana’s dividend payout ratio is presently 88.89%.

Institutional Trading of Dana

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

Dana Company Profile

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.