BorgWarner Inc. (NYSE:BWA – Get Free Report) Director Michael Hanley sold 5,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $65.51, for a total transaction of $327,550.00. Following the sale, the director directly owned 34,313 shares of the company’s stock, valued at approximately $2,247,844.63. This represents a 12.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
BorgWarner Stock Down 0.8%
Shares of BorgWarner stock traded down $0.50 on Tuesday, reaching $63.66. 323,967 shares of the company were exchanged, compared to its average volume of 2,769,600. The stock’s 50 day moving average price is $65.43 and its 200-day moving average price is $62.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76. The company has a market cap of $12.97 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. BorgWarner Inc. has a 1-year low of $40.50 and a 1-year high of $78.82.
BorgWarner (NYSE:BWA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.28 by $0.14. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, equities analysts forecast that BorgWarner Inc. will post 5.2 EPS for the current year.
BorgWarner Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid 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 presently 34.00%.
Hedge Funds Weigh In On BorgWarner
Several hedge funds have recently bought and sold shares of BWA. Acadian Asset Management LLC grew its holdings in shares of BorgWarner by 23.7% during the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock valued at $257,000 after buying an additional 1,723 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in BorgWarner in the second quarter valued at $339,000. EverSource Wealth Advisors LLC grew its stake in shares of BorgWarner by 400.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,531 shares of the auto parts company’s stock worth $185,000 after purchasing an additional 4,426 shares during the period. Marshall Wace LLP acquired a new stake in shares of BorgWarner during the second quarter valued at $247,000. Finally, Cerity Partners LLC grew its position in BorgWarner by 30.2% during the second quarter. Cerity Partners LLC now owns 143,841 shares of the auto parts company’s stock valued at $4,816,000 after acquiring an additional 33,362 shares during the period. Institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets
BWA has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $84.00 price target on shares of BorgWarner in a research report on Thursday, June 11th. Morgan Stanley increased their price target 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. Royal Bank Of Canada started coverage on BorgWarner in a research note on Monday. They set an “outperform” rating and a $87.00 price target on the stock. TD Cowen boosted their target price on shares of BorgWarner from $67.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BorgWarner from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.67.
View Our Latest Stock Analysis on BorgWarner
About BorgWarner
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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