Hennessy Advisors Inc. Invests $6.88 Million in Dana Incorporated $DAN

Hennessy Advisors Inc. acquired a new position in Dana Incorporated (NYSE:DAN – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 252,700 shares of the auto parts company’s stock, valued at approximately $6,876,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Dana during the 2nd quarter worth $45,000. Pinnacle Holdings LLC bought a new position in shares of Dana in the second quarter worth $49,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Dana in the second quarter worth $49,000. Finally, Parallel Advisors LLC increased its holdings in shares of Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Get Dana alerts:

Dana Price Performance

NYSE:DAN opened at $30.33 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $28.15 and its 200 day moving average price is $32.04. Dana Incorporated has a 52-week low of $17.74 and a 52-week high of $39.56. The firm has a market cap of $3.26 billion, a P/E ratio of 3.02 and a beta of 1.99.

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 net margin of 14.55% and a return on equity of 4.07%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $0.13 earnings per share. Dana’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. As a group, sell-side analysts predict that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s payout ratio is 4.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their target price on shares of Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Wells Fargo & Company lowered their target price on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Four investment 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, the company has a consensus rating of “Hold” and an average target price of $37.00.

Get Our Latest Stock Analysis on Dana

Dana Profile

(Free Report)

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.

Featured Articles

• Five stocks we like better than Dana
• From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
• These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
• Venture Into High-Volatility Corners of the Market With These 3 ETFs
• 3 Retail Stocks to Watch After a Big Consumer Earnings Week

Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Incorporated (NYSE:DAN – Free Report).

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.