Dana (NYSE:DAN) Shares Down 7% – What’s Next?

Dana Incorporated (NYSE:DAN)’s share price was down 7% on Thursday . The stock traded as low as $27.83 and last traded at $27.6350. 815,245 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 1,478,828 shares. The stock had previously closed at $29.70.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. UBS Group decreased their price target on Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Zacks Research upgraded Dana from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada lifted their price objective on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Dana Price Performance

The business has a fifty day simple moving average of $29.43 and a 200-day simple moving average of $31.59. The stock has a market capitalization of $2.94 billion, a P/E ratio of 2.71 and a beta of 2.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49.

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

Dana Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 7th. Dana’s dividend payout ratio is 4.78%.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently modified their holdings of DAN. Tidal Investments LLC increased its stake in Dana by 185.2% during the 2nd quarter. Tidal Investments LLC now owns 44,850 shares of the auto parts company’s stock valued at $1,220,000 after purchasing an additional 29,123 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Dana by 59.1% during the second quarter. Engineers Gate Manager LP now owns 152,871 shares of the auto parts company’s stock worth $4,160,000 after buying an additional 56,766 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Dana in the second quarter valued at $72,000. Squarepoint Ops LLC grew its holdings in shares of Dana by 96.8% during the second quarter. Squarepoint Ops LLC now owns 245,894 shares of the auto parts company’s stock valued at $6,691,000 after buying an additional 120,978 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of Dana during the second quarter worth about $61,081,000. Institutional investors own 96.79% of the company’s stock.

About Dana

Dana Incorporated (NYSE:DAN) is a global supplier of drivetrain, propulsion, and thermal-management technologies for the automotive, commercial vehicle, and off-highway markets. The company develops and manufactures systems that help vehicles transmit power, manage heat, and improve efficiency across conventional, hybrid, and electric powertrains.

Its product portfolio includes axles, driveshafts, differentials, transmissions, sealing and thermal-management systems, and electrified propulsion components such as electric motors, inverters, gearboxes, and complete e-Propulsion systems.