Dana (NYSE:DAN) Hits New 52-Week High – Still a Buy?

Shares of Dana Incorporated (NYSE:DAN) hit a new 52-week high during trading on Monday . The stock traded as high as $27.22 and last traded at $27.30, with a volume of 206597 shares. The stock had previously closed at $26.69.

Wall Street Analyst Weigh In

Several research analysts have commented on DAN shares. Wells Fargo & Company lifted their price objective on shares of Dana from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group lifted their target price on Dana from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Dana from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research cut Dana from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dana in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.60.

Dana Stock Performance

The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 2.23. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 1.06 and a beta of 2.14. The firm’s fifty day moving average price is $22.62 and its 200-day moving average price is $20.11.

Dana (NYSE:DAN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. Dana had a net margin of 0.64% and a return on equity of 6.35%. Dana’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. Analysts expect that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, November 7th. Dana’s dividend payout ratio is presently 88.89%.

Institutional Trading of Dana

A number of large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in Dana during the second quarter worth approximately $25,000. GAMMA Investing LLC lifted its position in Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 439 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Dana in the second quarter valued at $176,000. SG Americas Securities LLC purchased a new position in Dana in the 3rd quarter valued at about $488,000. Finally, Horizon Investments LLC acquired a new stake in Dana during the 3rd quarter valued at approximately $553,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

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.