Dana Incorporated (NYSE:DAN – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $36.67.
Several research analysts have commented on DAN shares. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Barclays upped their target price on Dana from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Zacks Research raised Dana from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. Wells Fargo & Company decreased their price target on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, July 7th.
Dana Price Performance
Dana (NYSE:DAN – Get Free Report) last issued its earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.51). Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Dana’s quarterly 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. On average, analysts anticipate that Dana will post 1.93 earnings per share for the current fiscal year.
Dana Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.7%. Dana’s dividend payout ratio (DPR) is 4.78%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Dana during the second quarter worth about $496,741,000. Nykredit A S bought a new position in shares of Dana in the second quarter worth about $84,700,000. JB Capital Partners LP bought a new position in shares of Dana in the second quarter worth about $50,400,893. Bank of New York Mellon Corp acquired a new stake in shares of Dana in the 2nd quarter valued at approximately $25,571,000. Finally, SG Americas Securities LLC boosted its stake in shares of Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock valued at $23,234,000 after purchasing an additional 642,552 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.
About Dana
Dana Incorporated (NYSE: DAN) is a global supplier of drivetrain, propulsion, thermal-management and sealing technologies for the automotive, commercial-vehicle, off-highway and industrial markets. The company develops systems that help vehicles transmit power, manage heat, reduce emissions and improve efficiency across conventional, hybrid and battery-electric platforms.
Its products include axles, driveshafts, transmissions, differentials, power-transfer units, sealing solutions, thermal-management systems and electric propulsion components.
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