Dana (NYSE:DAN) Hits New 12-Month High – Time to Buy?

Shares of Dana Incorporated (NYSE:DAN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $25.03 and last traded at $24.99, with a volume of 1621666 shares changing hands. The stock had previously closed at $23.76.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Dana from $26.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. UBS Group upped their target price on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. 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 downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.40.

Dana Stock Performance

The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 56.03, a price-to-earnings-growth ratio of 0.99 and a beta of 2.14. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.31 and a quick ratio of 0.96. The stock’s 50-day moving average is $22.08 and its 200-day moving average is $19.79.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. Analysts anticipate that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were issued a $0.10 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.40 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio (DPR) is presently 88.89%.

Institutional Investors Weigh In On Dana

Several large investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL lifted its holdings in Dana by 1,706.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 213,144 shares of the auto parts company’s stock worth $4,271,000 after buying an additional 201,344 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Dana by 27,790.5% in the first quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company’s stock valued at $1,138,000 after purchasing an additional 85,039 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Dana by 4.2% in the second quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company’s stock valued at $18,912,000 after purchasing an additional 44,010 shares during the last quarter. Great Lakes Advisors LLC grew its stake in Dana by 11.5% during the 1st quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company’s stock valued at $4,173,000 after purchasing an additional 32,241 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Dana by 3.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock worth $18,597,000 after purchasing an additional 27,712 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

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.