Dana (NYSE:DAN) Hits New 12-Month High - Here's Why

Key Points

• Dana stock hit a new 52-week high, trading as high as $39.56, after recent analyst upgrades (Barclays and UBS raised targets) and carries a MarketBeat consensus of "Moderate Buy" with a consensus target of $39.83.
• Recent fundamentals show modest profitability and elevated leverage — Dana reported $0.85 EPS and $1.87B revenue last quarter, a net margin of 1.13%, a PE of 67.5, and a debt-to-equity ratio of 2.85.
• The company declared a quarterly dividend of $0.12 (annualized $0.48, yield ~1.2%) with an ex-dividend date of May 8, while institutional ownership is high at 96.79% amid sizable recent buys by several funds.

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $39.56 and last traded at $38.4750, with a volume of 1002499 shares traded. The stock had previously closed at $38.93.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lifted their target price on shares of Dana from $32.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, March 30th. UBS Group lifted their target price on shares of Dana from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, April 14th. Wall Street Zen cut shares of Dana from a "buy" rating to a "hold" rating in a research report on Sunday, April 19th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $36.00 target price on shares of Dana in a research report on Thursday, January 22nd. Finally, Zacks Research cut shares of Dana from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

Dana Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85. The firm's 50-day moving average is $34.35 and its 200-day moving average is $27.76. The company has a market cap of $4.22 billion, a PE ratio of 67.50 and a beta of 2.05.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share (EPS) for the quarter. Dana had a net margin of 1.13% and a negative return on equity of 3.06%. The company had revenue of $1.87 billion for the quarter. On average, equities analysts anticipate that Dana Incorporated will post 2.71 EPS for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Dana's payout ratio is currently 84.21%.

Hedge Funds Weigh In On Dana

Several hedge funds and other institutional investors have recently modified their holdings of DAN. SG Americas Securities LLC increased its position in shares of Dana by 1,341.4% during the first quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company's stock valued at $23,234,000 after buying an additional 642,552 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Dana by 61.2% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company's stock valued at $37,820,000 after buying an additional 604,246 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Dana by 1,706.3% during 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 buying an additional 201,344 shares during the period. Russell Investments Group Ltd. increased its position in shares of Dana by 3.1% during the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company's stock valued at $18,597,000 after buying an additional 27,712 shares during the period. Finally, Horizon Investments LLC purchased a new position in shares of Dana during the third quarter valued at about $553,000. Hedge funds and other institutional investors 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.

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