HB Wealth Management LLC Sells 4,243 Shares of BorgWarner Inc. $BWA

HB Wealth Management LLC decreased its stake in shares of BorgWarner Inc. (NYSE:BWA) by 31.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,402 shares of the auto parts company’s stock after selling 4,243 shares during the period. HB Wealth Management LLC’s holdings in BorgWarner were worth $315,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Trajan Wealth LLC raised its stake in shares of BorgWarner by 4.6% in the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company’s stock valued at $229,000 after purchasing an additional 353 shares during the period. Farther Finance Advisors LLC raised its position in BorgWarner by 26.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company’s stock valued at $56,000 after buying an additional 407 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in BorgWarner by 5.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 421 shares in the last quarter. Strengthening Families & Communities LLC boosted its position in BorgWarner by 14.6% during the 1st quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 421 shares during the last quarter. Finally, Baron Wealth Management LLC grew its stake in shares of BorgWarner by 2.4% during the 2nd quarter. Baron Wealth Management LLC now owns 21,753 shares of the auto parts company’s stock worth $728,000 after acquiring an additional 511 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BWA shares. Robert W. Baird raised shares of BorgWarner from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $52.00 in a research report on Wednesday, September 3rd. Baird R W upgraded shares of BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Evercore ISI upped their target price on BorgWarner from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Zacks Research upgraded BorgWarner from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. boosted their price target on BorgWarner from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average price target of $43.36.

BorgWarner Trading Down 0.7%

Shares of BWA stock opened at $44.44 on Tuesday. BorgWarner Inc. has a 12-month low of $24.40 and a 12-month high of $44.97. The firm has a 50 day moving average price of $42.08 and a two-hundred day moving average price of $35.20. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $9.62 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09.

BorgWarner (NYSE:BWA) last announced its earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. As a group, analysts predict that BorgWarner Inc. will post 4.28 earnings per share for the current year.

BorgWarner Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a boost from BorgWarner’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. BorgWarner’s dividend payout ratio (DPR) is presently 72.34%.

BorgWarner declared that its board has approved a share buyback program on Thursday, July 31st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 13.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president owned 55,945 shares of the company’s stock, valued at $2,238,359.45. The trade was a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the transaction, the director directly owned 78,903 shares in the company, valued at $3,338,385.93. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,272 shares of company stock worth $1,263,318. Corporate insiders own 0.63% of the company’s stock.

About BorgWarner

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.