BorgWarner Inc. (NYSE:BWA – Get Free Report)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $60.26, but opened at $63.30. BorgWarner shares last traded at $63.3570, with a volume of 322,991 shares.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $80.00 target price on shares of BorgWarner in a research note on Thursday, August 6th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Morgan Stanley boosted their price target on shares of BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Barclays increased their price target on shares of BorgWarner from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.86.
Get Our Latest Research Report on BorgWarner
BorgWarner Stock Up 5.1%
BorgWarner (NYSE:BWA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, sell-side analysts forecast that BorgWarner Inc. will post 5.2 EPS for the current fiscal year.
BorgWarner Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is presently 34.00%.
BorgWarner declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling at BorgWarner
In other news, Director Michael S. Hanley sold 5,000 shares of the stock in a transaction on Friday, August 28th. The shares were 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 represents a 12.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rajesh Kalathur acquired 7,407 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the acquisition, the director owned 7,407 shares in the company, valued at approximately $500,639.13. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.76% of the company’s stock.
Institutional Trading of BorgWarner
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of BorgWarner in the second quarter valued at approximately $1,678,187,000. William Blair Investment Management LLC acquired a new stake in BorgWarner during the 2nd quarter worth approximately $251,305,000. Bank of America Corp DE acquired a new position in BorgWarner in the 2nd quarter valued at $250,618,000. Swedbank AB increased its holdings in shares of BorgWarner by 5.4% during the first quarter. Swedbank AB now owns 2,933,151 shares of the auto parts company’s stock worth $159,153,000 after purchasing an additional 150,144 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of BorgWarner by 21.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,408,989 shares of the auto parts company’s stock worth $108,549,000 after purchasing an additional 423,665 shares during the period. Institutional investors own 95.67% of the company’s stock.
BorgWarner Company Profile
BorgWarner Inc is a global automotive supplier that develops and manufactures propulsion, drivetrain, thermal-management and emissions technologies. The company serves automakers and commercial-vehicle manufacturers, supplying components and systems for internal-combustion, hybrid and electric vehicles.
Its product portfolio includes turbochargers, transmission systems, all-wheel-drive and four-wheel-drive technologies, clutches, timing systems, battery systems, power electronics, electric motors, thermal-management products and charging-related technologies.
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