Dana (NYSE:DAN) Stock Falls 6.6% – Time to Sell?

Dana Incorporated (NYSE:DAN) shares traded down 6.6% on Friday. The company traded as low as $26.27 and last traded at $26.3650. 197,198 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,466,430 shares. The stock had previously closed at $28.23.

Analyst Ratings Changes

DAN has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Barclays lifted their price objective on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. UBS Group decreased their price objective on Dana from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Weiss Ratings downgraded shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective 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 research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.67.

Dana Stock Down 5.5%

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 stock has a market capitalization of $2.66 billion, a PE ratio of 2.67 and a beta of 2.05. The company’s fifty day moving average price is $29.57 and its 200-day moving average price is $30.94.

Dana (NYSE:DAN) last posted its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The business had revenue of $2.01 billion for 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%. Dana’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. Analysts forecast that Dana Incorporated will post 1.92 earnings per share for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be given a $0.12 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Dana’s dividend payout ratio is 4.78%.

Hedge Funds Weigh In On Dana

A number of institutional investors and hedge funds have recently modified their holdings of DAN. Fortitude Family Office LLC grew its stake in shares of Dana by 536.3% in the 3rd quarter. Fortitude Family Office LLC now owns 929 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 783 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Dana in the third quarter worth about $25,000. Plato Investment Management Ltd acquired a new position in Dana during the second quarter valued at $45,000. Pinnacle Holdings LLC bought a new position in shares of Dana during the 2nd quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dana in the second quarter valued at about $49,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

About Dana

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

Dana’s products include axles, driveshafts, gearboxes, transmissions, sealing solutions, thermal-management systems, and components for electrified propulsion.