BorgWarner (NYSE:BWA) Price Target Cut to $52.00 by Analysts at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its price target reduced by Wells Fargo & Company from $54.00 to $52.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other equities analysts have also recently commented on BWA. The Goldman Sachs Group raised their target price on shares of BorgWarner from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price objective (up from $42.00) on shares of BorgWarner in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $45.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Robert W. Baird set a $54.00 target price on BorgWarner in a research report on Friday, October 31st. Finally, Barclays increased their price target on BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.46.

BorgWarner Stock Up 0.4%

BWA opened at $42.07 on Tuesday. The stock’s 50 day moving average price is $43.41 and its 200 day moving average price is $39.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The stock has a market cap of $9.00 billion, a P/E ratio of 66.78, a P/E/G ratio of 1.02 and a beta of 1.06. BorgWarner has a 12 month low of $24.40 and a 12 month high of $46.39.

BorgWarner (NYSE:BWA) last announced its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 16.72% and a net margin of 0.94%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. As a group, research analysts predict that BorgWarner will post 4.28 earnings per share for the current year.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.17 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.68 annualized dividend and a yield of 1.6%. BorgWarner’s payout ratio is 107.94%.

Insider Buying and Selling at BorgWarner

In other news, VP Isabelle Mckenzie sold 3,200 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $44.23, for a total transaction of $141,536.00. Following the sale, the vice president directly owned 43,555 shares of the company’s stock, valued at $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stefan Demmerle sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total value of $682,800.00. Following the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 23,200 shares of company stock worth $1,054,336 in the last ninety days. 0.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BorgWarner

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in BorgWarner by 1,133.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 714 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of BorgWarner by 81.8% during the second quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 364 shares during the period. Addison Advisors LLC boosted its holdings in shares of BorgWarner by 1,647.8% during the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 758 shares during the period. Root Financial Partners LLC purchased a new position in BorgWarner during the third quarter valued at approximately $27,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in BorgWarner in the 2nd quarter valued at approximately $32,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.