BorgWarner Inc. (NYSE:BWA) Receives $39.06 Average Target Price from Analysts

Shares of BorgWarner Inc. (NYSE:BWA) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.06.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Piper Sandler reduced their price objective on shares of BorgWarner from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. StockNews.com upgraded shares of BorgWarner from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. TD Cowen lowered BorgWarner from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on BorgWarner from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd.

Insiders Place Their Bets

In other news, CAO Tonit M. Calaway sold 8,300 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the transaction, the chief accounting officer now directly owns 242,257 shares of the company’s stock, valued at approximately $7,284,667.99. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total value of $690,960.00. Following the completion of the sale, the executive vice president now owns 39,110 shares of the company’s stock, valued at $1,125,976.90. The trade was a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,800 shares of company stock valued at $1,347,701 over the last 90 days. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in BorgWarner during the 3rd quarter worth about $32,000. LRI Investments LLC boosted its stake in shares of BorgWarner by 1,515.0% during the fourth quarter. LRI Investments LLC now owns 969 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. True Wealth Design LLC purchased a new position in BorgWarner during the third quarter valued at approximately $38,000. Resona Asset Management Co. Ltd. bought a new position in BorgWarner in the fourth quarter worth approximately $45,000. Finally, Avior Wealth Management LLC increased its holdings in shares of BorgWarner by 31.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 342 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Stock Up 1.6 %

Shares of BWA stock opened at $28.64 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. BorgWarner has a 12 month low of $27.65 and a 12 month high of $38.23. The stock has a market cap of $6.29 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.77 and a beta of 1.21. The company has a 50 day simple moving average of $30.01 and a two-hundred day simple moving average of $32.41.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. On average, research analysts expect that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. BorgWarner’s dividend payout ratio is presently 30.77%.

About BorgWarner

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.