Brokerages Set BorgWarner Inc. (NYSE:BWA) Price Target at $41.41

BorgWarner Inc. (NYSE:BWA) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.07.

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on BorgWarner from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. UBS Group boosted their target price on shares of BorgWarner from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays increased their price target on shares of BorgWarner from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Citigroup cut their price objective on shares of BorgWarner from $41.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, Bank of America reduced their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd.

BorgWarner Stock Up 0.3 %

BWA opened at $32.64 on Friday. BorgWarner has a twelve month low of $29.51 and a twelve month high of $42.27. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $32.69 and a 200-day moving average price of $33.36. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.78 and a beta of 1.22.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.18. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.69 billion. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. Equities research analysts forecast that BorgWarner will post 4.06 earnings per share for the current year.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, September 3rd. BorgWarner’s dividend payout ratio (DPR) is presently 16.67%.

BorgWarner declared that its board has authorized a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the auto parts company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now owns 46,016 shares in the company, valued at approximately $1,472,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Tonit M. Calaway sold 10,868 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.74, for a total value of $344,950.32. Following the sale, the chief accounting officer now directly owns 206,083 shares in the company, valued at $6,541,074.42. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BorgWarner

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of BorgWarner during the 4th quarter valued at about $75,489,000. Point72 Asset Management L.P. increased its stake in BorgWarner by 361.1% during the second quarter. Point72 Asset Management L.P. now owns 2,450,696 shares of the auto parts company’s stock worth $79,010,000 after acquiring an additional 1,919,219 shares during the last quarter. Dimensional Fund Advisors LP raised its position in BorgWarner by 23.5% during the second quarter. Dimensional Fund Advisors LP now owns 8,628,733 shares of the auto parts company’s stock valued at $278,190,000 after purchasing an additional 1,640,503 shares during the period. Victory Capital Management Inc. lifted its stake in shares of BorgWarner by 10.9% in the 4th quarter. Victory Capital Management Inc. now owns 9,668,438 shares of the auto parts company’s stock valued at $346,614,000 after purchasing an additional 948,659 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of BorgWarner by 85.1% in the 4th quarter. Ninety One UK Ltd now owns 1,656,221 shares of the auto parts company’s stock worth $59,376,000 after purchasing an additional 761,250 shares during the period. Institutional investors 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.