Legal & General Group Plc acquired a new position in Dana Incorporated (NYSE:DAN – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 259,622 shares of the auto parts company’s stock, valued at approximately $7,064,000.
Several other hedge funds have also modified their holdings of DAN. The Manufacturers Life Insurance Company acquired a new stake in shares of Dana during the 2nd quarter valued at about $1,447,000. Algert Global LLC raised its holdings in Dana by 380.9% in the 2nd quarter. Algert Global LLC now owns 332,460 shares of the auto parts company’s stock worth $9,046,000 after purchasing an additional 263,330 shares during the period. Cibc World Market Inc. acquired a new position in Dana in the 2nd quarter worth about $2,640,000. Pinnacle Holdings LLC purchased a new position in Dana during the second quarter worth approximately $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Dana during the second quarter worth approximately $49,000. 96.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on DAN shares. Weiss Ratings lowered Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Wells Fargo & Company decreased their price objective on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Barclays boosted their target price on shares of Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dana presently has an average rating of “Hold” and an average target price of $37.00.
Dana Stock Performance
Shares of Dana stock opened at $30.71 on Thursday. The business’s 50 day moving average price is $28.21 and its 200 day moving average price is $31.98. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 3.06 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 Incorporated has a one year low of $17.74 and a one year high of $39.56.
Dana (NYSE:DAN – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.51). The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts predict that Dana Incorporated will post 1.93 EPS for the current year.
Dana Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.6%. Dana’s dividend payout ratio (DPR) is 4.78%.
Dana Profile
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.
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