BorgWarner Inc. (NYSE:BWA) Receives $39.06 Consensus Price Target from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.06.

Several brokerages recently weighed in on BWA. StockNews.com raised shares of BorgWarner from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Evercore ISI reduced their price objective on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Piper Sandler cut their price target on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. TD Cowen cut BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Friday, March 7th. Finally, The Goldman Sachs Group decreased their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th.

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BorgWarner Stock Up 1.3 %

Shares of NYSE BWA traded up $0.38 during midday trading on Friday, hitting $28.92. The company's stock had a trading volume of 277,056 shares, compared to its average volume of 3,518,248. BorgWarner has a 1 year low of $27.65 and a 1 year high of $38.22. The business's fifty day simple moving average is $29.92 and its two-hundred day simple moving average is $32.38. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45.

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

BorgWarner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's payout ratio is 30.77%.

Insiders Place Their Bets

In related news, CAO Tonit M. Calaway sold 13,500 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares in the company, valued at $7,820,789.60. This represents a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $28.79, for a total transaction of $690,960.00. Following the completion of the sale, the executive vice president now directly owns 39,110 shares in the company, valued at $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,800 shares of company stock worth $1,347,701. Corporate insiders own 0.45% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of BorgWarner by 231.1% in the 4th quarter. Wellington Management Group LLP now owns 91,466 shares of the auto parts company's stock valued at $2,908,000 after purchasing an additional 63,837 shares in the last quarter. 111 Capital acquired a new position in shares of BorgWarner during the 4th quarter valued at $206,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in BorgWarner during the fourth quarter worth approximately $9,286,000. American Trust increased its stake in BorgWarner by 11.7% in the 4th quarter. American Trust now owns 11,897 shares of the auto parts company's stock worth $378,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Forum Financial Management LP lifted its holdings in shares of BorgWarner by 26.4% in the fourth quarter. Forum Financial Management LP now owns 8,144 shares of the auto parts company's stock valued at $259,000 after purchasing an additional 1,702 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.