BorgWarner Inc. (NYSE:BWA) Shares Acquired by Lodge Hill Capital LLC

Lodge Hill Capital LLC increased its position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 431,270 shares of the auto parts company's stock after buying an additional 45,770 shares during the period. BorgWarner accounts for 3.8% of Lodge Hill Capital LLC's holdings, making the stock its 13th biggest position. Lodge Hill Capital LLC owned about 0.20% of BorgWarner worth $13,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. acquired a new position in shares of BorgWarner in the fourth quarter worth about $45,000. Avior Wealth Management LLC increased its stake 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 purchasing an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in BorgWarner in the 3rd quarter worth about $62,000. Generali Asset Management SPA SGR purchased a new position in BorgWarner during the fourth quarter worth approximately $59,000. Finally, Principal Securities Inc. grew its holdings in BorgWarner by 59.1% in the fourth quarter. Principal Securities Inc. now owns 1,939 shares of the auto parts company's stock valued at $62,000 after purchasing an additional 720 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BWA shares. Wells Fargo & Company increased their target price on BorgWarner from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. The Goldman Sachs Group raised shares of BorgWarner from a "neutral" rating to a "buy" rating and increased their price objective for the company from $31.00 to $34.00 in a report on Thursday, April 10th. Barclays reduced their price target on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday. Piper Sandler lowered their price objective on BorgWarner from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, Morgan Stanley reduced their target price on BorgWarner from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.50.

BorgWarner Trading Up 1.5 %

BorgWarner stock traded up $0.40 during midday trading on Friday, hitting $26.42. 1,371,504 shares of the stock were exchanged, compared to its average volume of 2,795,759. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The stock's 50-day simple moving average is $28.38 and its 200 day simple moving average is $31.55. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $38.23. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.77 and a beta of 1.12.

BorgWarner (NYSE:BWA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating 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 anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. BorgWarner's dividend payout ratio is presently 30.77%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, CAO Tonit M. Calaway sold 13,500 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $30.16, for a total value of $407,160.00. Following the completion of the transaction, the chief accounting officer now owns 259,310 shares of the company's stock, valued at $7,820,789.60. This trade represents a 4.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tania Wingfield sold 24,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This trade represents a 38.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,800 shares of company stock valued at $1,347,701 over the last quarter. 0.63% of the stock is owned by company insiders.

BorgWarner 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.