Dana (NYSE:DAN) Hits New 12-Month High – Still a Buy?

Dana Incorporated (NYSE:DAN)’s share price reached a new 52-week high on Thursday . The company traded as high as $23.54 and last traded at $23.6790, with a volume of 108018 shares changing hands. The stock had previously closed at $22.82.

Analyst Upgrades and Downgrades

DAN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of 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 price target on Dana from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Dana in a research note on Monday. Wells Fargo & Company boosted their target price on Dana from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada increased their price target on Dana from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.40.

Dana Stock Performance

The stock has a market cap of $2.76 billion, a P/E ratio of 52.47, a P/E/G ratio of 4.26 and a beta of 2.16. The firm has a 50 day moving average of $20.91 and a two-hundred day moving average of $19.21. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.96 and a current ratio of 1.31.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. Dana had a return on equity of 6.35% and a net margin of 0.64%.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 earnings per share. On average, research analysts predict that Dana Incorporated will post 1.5 EPS for the current fiscal year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, November 7th. Dana’s dividend payout ratio (DPR) is currently 88.89%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Amalgamated Bank grew its position in Dana by 3.5% in the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock valued at $768,000 after acquiring an additional 1,279 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Dana in the 2nd quarter valued at $25,000. State of Tennessee Department of Treasury boosted its stake in shares of Dana by 10.7% in the 2nd quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock valued at $958,000 after purchasing an additional 5,405 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Dana by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 401,017 shares of the auto parts company’s stock worth $6,877,000 after purchasing an additional 8,787 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Dana during the 2nd quarter worth about $176,000. Institutional investors and hedge funds 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.