Dana (NYSE:DAN) Stock Price Down 7% – Here’s Why

Shares of Dana Incorporated (NYSE:DAN) fell 7% during trading on Thursday. The company traded as low as $27.83 and last traded at $27.6350. 815,245 shares were traded during trading, a decline of 45% from the average session volume of 1,478,828 shares. The stock had previously closed at $29.70.

Analyst Ratings Changes

A number of research firms recently weighed in on DAN. UBS Group reduced their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price target on Dana from $33.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, August 7th. Barclays lifted their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, August 14th. Finally, Royal Bank Of Canada boosted their price objective on Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Dana Price Performance

The firm has a market capitalization of $2.92 billion, a P/E ratio of 2.70 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. The business has a 50 day simple moving average of $29.45 and a two-hundred day simple moving average of $31.53.

Dana (NYSE:DAN) last posted its 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). The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, sell-side analysts expect that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. Dana’s dividend payout ratio (DPR) is currently 4.78%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its position in shares of Dana by 185.2% during the second quarter. Tidal Investments LLC now owns 44,850 shares of the auto parts company’s stock valued at $1,220,000 after buying an additional 29,123 shares during the last quarter. Engineers Gate Manager LP raised its position 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 valued at $4,160,000 after purchasing an additional 56,766 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Dana in the 2nd quarter valued at approximately $72,000. Squarepoint Ops LLC lifted its stake in shares of Dana by 96.8% in the 2nd quarter. Squarepoint Ops LLC now owns 245,894 shares of the auto parts company’s stock valued at $6,691,000 after purchasing an additional 120,978 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Dana in the 2nd quarter worth approximately $61,081,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.