BorgWarner (NYSE:BWA) Price Target Cut to $68.00 by Analysts at Wells Fargo & Company

BorgWarner (NYSE:BWA) had its target price trimmed by Wells Fargo & Company to $68.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

BWA has been the topic of a number of other research reports. Evercore reiterated an “outperform” rating and issued a $75.00 price objective on shares of BorgWarner in a research report on Tuesday, February 17th. Wolfe Research upgraded BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 target price for the company in a research report on Wednesday, March 25th. New Street Research set a $66.00 target price on BorgWarner in a research note on Thursday, February 12th. Barclays raised their price target on BorgWarner from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Bank of America assumed coverage on BorgWarner in a research report on Wednesday, March 4th. They set a “neutral” rating for the company. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.23.

BorgWarner Price Performance

BWA stock opened at $54.19 on Tuesday. The firm has a 50 day moving average of $54.12 and a 200-day moving average of $47.80. The firm has a market capitalization of $11.17 billion, a P/E ratio of 43.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04. BorgWarner has a 12 month low of $24.40 and a 12 month high of $70.08. The company has a current ratio of 2.07, a quick ratio of 1.70 and a debt-to-equity ratio of 0.69.

BorgWarner (NYSE:BWA) last posted its earnings results on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.19. BorgWarner had a net margin of 1.93% and a return on equity of 17.89%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. BorgWarner’s revenue was up 3.9% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, sell-side analysts predict that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, March 2nd. BorgWarner’s dividend payout ratio is currently 54.40%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 14,021 shares of BorgWarner stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $51.46, for a total transaction of $721,520.66. Following the completion of the sale, the executive vice president owned 204,913 shares of the company’s stock, valued at $10,544,822.98. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Arthur Farrell sold 12,012 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $52.31, for a total value of $628,347.72. Following the completion of the transaction, the executive vice president owned 38,238 shares of the company’s stock, valued at $2,000,229.78. The trade was a 23.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,083 shares of company stock valued at $4,638,585. 0.76% of the stock is currently owned by company insiders.

Institutional Trading of BorgWarner

Several hedge funds and other institutional investors have recently bought and sold shares of BWA. CWM LLC raised its position in BorgWarner by 218.3% in the 3rd quarter. CWM LLC now owns 235,861 shares of the auto parts company’s stock worth $10,368,000 after purchasing an additional 161,755 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in BorgWarner during the third quarter valued at about $1,876,000. Ritholtz Wealth Management bought a new position in shares of BorgWarner during the third quarter valued at about $1,016,000. Merit Financial Group LLC grew its stake in shares of BorgWarner by 73.1% during the third quarter. Merit Financial Group LLC now owns 44,395 shares of the auto parts company’s stock valued at $1,952,000 after buying an additional 18,749 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of BorgWarner in the second quarter worth about $339,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

BorgWarner Company Profile

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.