Lodge Hill Capital LLC Takes $3.22 Million Position in BorgWarner Inc. (NYSE:BWA)

Lodge Hill Capital LLC purchased a new position in shares of BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the auto parts company’s stock, valued at approximately $3,224,000. BorgWarner accounts for approximately 0.9% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently added to or reduced their stakes in BWA. Principal Securities Inc. acquired a new position in shares of BorgWarner during the fourth quarter worth $46,000. Janney Montgomery Scott LLC acquired a new position in BorgWarner in the 4th quarter worth $1,018,000. Panagora Asset Management Inc. boosted its position in BorgWarner by 12.7% in the 4th quarter. Panagora Asset Management Inc. now owns 15,151 shares of the auto parts company’s stock valued at $543,000 after buying an additional 1,709 shares during the last quarter. Norges Bank acquired a new stake in shares of BorgWarner during the fourth quarter valued at about $75,489,000. Finally, D.A. Davidson & CO. increased its position in shares of BorgWarner by 69.8% during the fourth quarter. D.A. Davidson & CO. now owns 44,513 shares of the auto parts company’s stock worth $1,596,000 after acquiring an additional 18,293 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

BorgWarner Trading Down 2.1 %

BorgWarner stock opened at $33.40 on Friday. BorgWarner Inc. has a 52-week low of $29.51 and a 52-week high of $41.50. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.87 and a beta of 1.20. The firm has a 50-day moving average price of $32.87 and a two-hundred day moving average price of $33.59.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.18. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a return on equity of 15.50% and a net margin of 4.97%. The business’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. Sell-side analysts expect that BorgWarner Inc. will post 4.1 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. BorgWarner’s payout ratio is currently 16.67%.

Insider Activity at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 10,868 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at approximately $6,541,074.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Tonit M. Calaway sold 10,868 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.74, for a total transaction of $344,950.32. Following the transaction, the chief accounting officer now owns 206,083 shares in the company, valued at $6,541,074.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the sale, the executive vice president now directly owns 46,016 shares in the company, valued at approximately $1,472,512. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWA. Bank of America lowered their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of BorgWarner from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price target on shares of BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. UBS Group raised their price objective on shares of BorgWarner from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Citigroup cut their target price on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, BorgWarner presently has a consensus rating of “Moderate Buy” and an average price target of $41.07.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.