BorgWarner Inc. (NYSE:BWA) Receives $41.41 Average Price Target from Brokerages

Shares of BorgWarner Inc. (NYSE:BWA) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.07.

Several brokerages recently issued reports on BWA. Robert W. Baird upped their price target on BorgWarner from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer increased their price objective on shares of BorgWarner from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Citigroup cut their target price on BorgWarner from $41.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company decreased their price target on BorgWarner from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, TD Cowen lifted their target price on BorgWarner from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd.

BorgWarner Trading Down 1.7 %

NYSE BWA opened at $32.51 on Friday. BorgWarner has a 52 week low of $29.51 and a 52 week high of $42.27. The business has a 50 day moving average price of $32.65 and a 200-day moving average price of $33.34. 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 company has a market cap of $7.41 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.78 and a beta of 1.22.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.01 by $0.18. BorgWarner had a net margin of 4.97% and a return on equity of 15.50%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. As a group, equities analysts expect that BorgWarner will post 4.06 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, September 3rd. BorgWarner’s payout ratio is 16.67%.

BorgWarner declared that its board has authorized a stock repurchase program on Thursday, May 2nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

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

Hedge Funds Weigh In On BorgWarner

Several institutional investors have recently modified their holdings of the company. Trillium Asset Management LLC grew its position in BorgWarner by 2.1% during the first quarter. Trillium Asset Management LLC now owns 13,788 shares of the auto parts company’s stock valued at $479,000 after acquiring an additional 283 shares during the last quarter. Empirical Finance LLC raised its position in BorgWarner by 3.5% in the 1st quarter. Empirical Finance LLC now owns 8,456 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 285 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in BorgWarner by 1.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 19,200 shares of the auto parts company’s stock worth $667,000 after purchasing an additional 335 shares during the last quarter. First Pacific Financial boosted its position in BorgWarner by 3.6% during the second quarter. First Pacific Financial now owns 9,763 shares of the auto parts company’s stock valued at $315,000 after buying an additional 340 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in shares of BorgWarner by 3.8% during the first quarter. Verdence Capital Advisors LLC now owns 9,459 shares of the auto parts company’s stock valued at $329,000 after buying an additional 343 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.