Dana (NYSE:DAN) Shares Down 6.6% - Should You Sell?

Key Points

• Dana shares fell 6.6% to about $26.37 in light trading, below both the 50-day and 200-day moving averages.
• Analyst sentiment is mixed: Zacks downgraded the stock to “strong sell,” while the broader consensus remains “Hold” with a $36.67 target price.
• Dana exceeded revenue expectations but missed quarterly earnings estimates, reporting $0.19 EPS versus $0.70 expected; it also declared a $0.12 quarterly dividend, representing a 1.8% yield.

Dana Incorporated (NYSE:DAN - Get Free Report)'s share price was down 6.6% during mid-day trading on Friday. The stock traded as low as $26.27 and last traded at $26.3650. Approximately 197,198 shares changed hands during trading, a decline of 87% from the average daily volume of 1,466,430 shares. The stock had previously closed at $28.23.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research lowered Dana from a "hold" rating to a "strong sell" rating in a research note on Friday, October 16th. Weiss Ratings lowered Dana from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Royal Bank Of Canada upped their price objective on shares of Dana from $33.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, Barclays increased their price objective on shares of Dana from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dana currently has an average rating of "Hold" and a consensus target price of $36.67.

Dana Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The company's 50 day moving average is $29.57 and its 200 day moving average is $30.94. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 2.67 and a beta of 2.05.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.93 billion. During the same period in the prior year, the company earned $0.13 EPS. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Research analysts forecast that Dana Incorporated will post 1.92 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be given a $0.12 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.48 annualized dividend and a yield of 1.8%. Dana's payout ratio is 4.78%.

Institutional Investors Weigh In On Dana

Several institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S acquired a new stake in Dana during the second quarter worth $61,081,000. The Manufacturers Life Insurance Company bought a new position in Dana during the 2nd quarter worth about $1,447,000. Bank of America Corp DE bought a new position in Dana in the second quarter valued at $17,276,000. BlackRock Inc. acquired a new stake in Dana in the second quarter valued at $496,741,000. Finally, Engineers Gate Manager LP raised its stake in Dana by 59.1% in the 2nd quarter. Engineers Gate Manager LP now owns 152,871 shares of the auto parts company's stock valued at $4,160,000 after acquiring an additional 56,766 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

About Dana

Dana Incorporated NYSE: DAN is a global supplier of drivetrain, motion, and thermal-management technologies for the automotive, commercial-vehicle, and off-highway industries. The company develops systems that help vehicles transmit power, manage heat, and operate efficiently across conventional, hybrid, and electric powertrains.

Dana's products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.