Dana (NYSE:DAN) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Dana's shares crossed above their 200‑day moving average, trading as high as $33.85 (200‑day MA $25.96) and last at $33.27 on volume of ~887k shares.
• Several brokers raised targets (RBC to $40, Barclays to $41) and the stock carries a consensus rating of "Moderate Buy" with a consensus target of $36.67.
• Dana recently raised its quarterly dividend to $0.12 (annualized $0.48, yield 1.4%) but has a high dividend payout ratio (84.2%), elevated P/E (58.4) and high leverage (debt/equity 2.85), which are potential risk factors.

Dana Incorporated (NYSE:DAN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.96 and traded as high as $33.85. Dana shares last traded at $33.2670, with a volume of 886,778 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAN. Royal Bank Of Canada raised their target price on shares of Dana from $32.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. Barclays raised their target price on shares of Dana from $32.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, March 30th. Wall Street Zen cut shares of Dana from a "buy" rating to a "hold" rating in a report on Sunday, March 22nd. Weiss Ratings upgraded shares of Dana from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, March 19th. Finally, Wells Fargo & Company raised their target price on shares of Dana from $30.00 to $35.00 and gave the stock an "equal weight" rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.67.

Dana Trading Down 0.4%

The firm has a market cap of $3.64 billion, a P/E ratio of 58.36 and a beta of 2.05. The firm's fifty day moving average is $32.64 and its two-hundred day moving average is $25.96. The company has a quick ratio of 0.86, a current ratio of 1.17 and a debt-to-equity ratio of 2.85.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The auto parts company reported $0.85 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. Dana had a net margin of 1.05% and a return on equity of 4.24%. Analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.4%. This is an increase from Dana's previous quarterly dividend of $0.10. The ex-dividend date was Friday, February 27th. Dana's dividend payout ratio (DPR) is presently 84.21%.

Institutional Trading of Dana

Several large investors have recently added to or reduced their stakes in DAN. Tudor Investment Corp ET AL lifted its position in 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. SG Americas Securities LLC purchased a new position in Dana during the third quarter valued at $488,000. Segall Bryant & Hamill LLC lifted its position 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 valued at $4,160,000 after buying an additional 13,270 shares during the period. Amalgamated Bank lifted its position in Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company's stock valued at $768,000 after buying an additional 1,279 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in 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. 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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