BorgWarner (NYSE:BWA) Reaches New 1-Year Low - Here's Why

BorgWarner Inc. (NYSE:BWA - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $27.51 and last traded at $27.53, with a volume of 480465 shares changing hands. The stock had previously closed at $29.12.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BWA shares. The Goldman Sachs Group lowered their target price on BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Piper Sandler cut their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Barclays reduced their target price on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Guggenheim set a $38.00 target price on shares of BorgWarner in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on BorgWarner from $51.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, BorgWarner currently has an average rating of "Moderate Buy" and an average target price of $39.06.

BorgWarner Stock Down 3.9 %

The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market cap of $5.45 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.77 and a beta of 1.12. The business's 50 day moving average is $29.18 and its 200 day moving average is $32.10.

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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, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. As a group, equities analysts anticipate that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Buying and Selling

In related news, CAO Tonit M. Calaway sold 8,300 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.07, for a total transaction of $249,581.00. Following the sale, the chief accounting officer now owns 242,257 shares of the company's stock, valued at approximately $7,284,667.99. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 39,110 shares of the company's stock, valued at approximately $1,125,976.90. This represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,800 shares of company stock worth $1,347,701 in the last ninety days. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. LRI Investments LLC increased its position 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 worth $31,000 after acquiring an additional 909 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of BorgWarner during the fourth quarter worth about $45,000. Avior Wealth Management LLC increased its stake in shares of BorgWarner by 31.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,435 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 342 shares during the period. Kapitalo Investimentos Ltda bought a new stake in BorgWarner during the 4th quarter valued at $48,000. Finally, Versant Capital Management Inc raised its stake in shares of BorgWarner by 448.5% during the first quarter. Versant Capital Management Inc now owns 1,810 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 1,480 shares in 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.