Wall Street Zen downgraded shares of BorgWarner (NYSE:BWA – Free Report) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.
Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their target price on shares of BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Robert W. Baird set a $79.00 price target on shares of BorgWarner in a research report on Thursday, August 6th. UBS Group raised shares of BorgWarner from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $95.00 in a research note on Wednesday, June 10th. Wolfe Research restated an “outperform” rating and issued a $95.00 price objective on shares of BorgWarner in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada started coverage on BorgWarner in a research report on Monday, August 31st. They set an “outperform” rating and a $87.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $78.86.
Get Our Latest Report on BorgWarner
BorgWarner Trading Down 3.9%
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, research analysts predict that BorgWarner will post 5.2 earnings per share for the current year.
BorgWarner declared that its Board of Directors has initiated a share buyback program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
BorgWarner Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s payout ratio is currently 34.00%.
Insider Buying and Selling at BorgWarner
In other BorgWarner news, CAO Amy B. Kulikowski sold 2,900 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.60, for a total transaction of $198,940.00. Following the completion of the sale, the chief accounting officer directly owned 9,725 shares in the company, valued at approximately $667,135. The trade was a 22.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael S. Hanley sold 5,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $65.51, for a total value of $327,550.00. Following the completion of the transaction, the director owned 34,313 shares in the company, valued at approximately $2,247,844.63. This trade represents a 12.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.76% of the company’s stock.
Hedge Funds Weigh In On BorgWarner
Several institutional investors have recently made changes to their positions in BWA. Greenleaf Trust increased its holdings in BorgWarner by 5.2% during the second quarter. Greenleaf Trust now owns 3,977 shares of the auto parts company’s stock valued at $264,000 after buying an additional 196 shares during the last quarter. Arjuna Capital boosted its stake in shares of BorgWarner by 0.6% during the 4th quarter. Arjuna Capital now owns 34,932 shares of the auto parts company’s stock worth $1,574,000 after acquiring an additional 215 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of BorgWarner by 3.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 7,064 shares of the auto parts company’s stock valued at $383,000 after acquiring an additional 216 shares during the period. Ariadne Wealth Management LP grew its position in shares of BorgWarner by 3.8% during the 1st quarter. Ariadne Wealth Management LP now owns 5,958 shares of the auto parts company’s stock valued at $323,000 after acquiring an additional 218 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of BorgWarner by 2.2% in the 1st quarter. NewEdge Advisors LLC now owns 10,293 shares of the auto parts company’s stock worth $558,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.
About BorgWarner
BorgWarner Inc (NYSE:BWA) is a global automotive technology company headquartered in Auburn Hills, Michigan. The company develops and supplies propulsion and drivetrain systems for passenger vehicles, commercial vehicles and off-highway applications, serving automakers and other transportation manufacturers worldwide.
Its product portfolio includes turbochargers, transmission systems, dual-clutch modules, four-wheel-drive systems, emissions technologies, and components for hybrid and internal-combustion vehicles.
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