Dana (NYSE:DAN) Hits New 52-Week High - What's Next?

Key Points

• Dana Incorporated shares reached a new 52-week high of $20.62, indicating strong market performance with over 1.3 million shares traded.
• Analysts have adjusted price targets for Dana, with Barclays increasing theirs to $25.00 and Royal Bank of Canada setting it at $24.00, reflecting positive sentiment.
• The company reported earnings that missed estimates, showing a negative net margin of 0.26% despite a revenue of $1.94 billion for the quarter.

Dana Incorporated (NYSE:DAN - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $20.62 and last traded at $20.51, with a volume of 1337352 shares changing hands. The stock had previously closed at $20.35.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, August 5th. Wells Fargo & Company reissued a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, UBS Group restated a "buy" rating and issued a $23.00 price target (up previously from $22.00) on shares of Dana in a report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Dana currently has a consensus rating of "Moderate Buy" and an average target price of $21.29.

Dana Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $2.64 billion, a P/E ratio of -125.66, a P/E/G ratio of 1.87 and a beta of 2.12. The company's 50-day simple moving average is $17.62 and its 200 day simple moving average is $15.69.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.35). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The business's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, sell-side analysts expect that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 8th. Dana's payout ratio is -250.00%.

Insider Buying and Selling at Dana

In other news, CAO James D. Kellett sold 11,728 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Dana

Large investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new stake in Dana during the 1st quarter valued at $2,434,000. Jones Financial Companies Lllp boosted its holdings in shares of Dana by 27,790.5% during the 1st quarter. Jones Financial Companies Lllp now owns 85,345 shares of the auto parts company's stock worth $1,138,000 after buying an additional 85,039 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Dana by 4.2% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,102,729 shares of the auto parts company's stock worth $18,912,000 after buying an additional 44,010 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Dana by 1,495.0% during the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after purchasing an additional 40,394 shares during the period. Finally, Great Lakes Advisors LLC raised its position in Dana by 11.5% in 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 buying an additional 32,241 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.