Brokerages Set BorgWarner Inc. (NYSE:BWA) Target Price at $40.40

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the sixteen analysts that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $40.27.

Several research firms have recently commented on BWA. Wells Fargo & Company boosted their price target on BorgWarner from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday. Guggenheim reaffirmed a "buy" rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Evercore ISI cut their price objective on BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Barclays lowered their target price on BorgWarner from $47.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd.

BorgWarner Price Performance

NYSE:BWA traded down $0.62 during trading hours on Friday, reaching $29.40. The stock had a trading volume of 1,830,223 shares, compared to its average volume of 2,544,833. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.48 and a current ratio of 1.79. BorgWarner has a 52 week low of $29.33 and a 52 week high of $38.22. The company has a 50 day moving average price of $32.42 and a two-hundred day moving average price of $33.29. The stock has a market capitalization of $6.43 billion, a PE ratio of 20.58, a PEG ratio of 0.63 and a beta of 1.18.

BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that BorgWarner will post 4.54 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. BorgWarner's dividend payout ratio (DPR) is presently 30.77%.

Insider Activity

In related news, VP Stefan Demmerle sold 21,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $34.79, for a total value of $747,985.00. Following the completion of the sale, the vice president now owns 227,513 shares of the company's stock, valued at approximately $7,915,177.27. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On BorgWarner

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Matrix Trust Co acquired a new stake in shares of BorgWarner in the third quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in BorgWarner during the third quarter worth $32,000. True Wealth Design LLC acquired a new stake in BorgWarner during the third quarter worth $38,000. Trust Co. of Vermont increased its stake in BorgWarner by 88.1% during the third quarter. Trust Co. of Vermont now owns 1,377 shares of the auto parts company's stock worth $50,000 after acquiring an additional 645 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in BorgWarner by 31.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock worth $46,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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.