BorgWarner Inc. (NYSE:BWA) Given Average Rating of "Moderate Buy" by Brokerages

Shares of BorgWarner Inc. (NYSE:BWA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $37.53.

A number of equities research analysts have recently weighed in on BWA shares. Guggenheim dropped their price target on BorgWarner from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price target on the stock in a research note on Tuesday, March 18th. Robert W. Baird boosted their price target on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Bank of America boosted their price target on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, The Goldman Sachs Group upgraded BorgWarner from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $31.00 to $34.00 in a research note on Thursday, April 10th.

BorgWarner Price Performance

BWA opened at $35.29 on Monday. The business's 50-day moving average is $32.51 and its two-hundred day moving average is $30.68. BorgWarner has a 1 year low of $24.40 and a 1 year high of $37.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.97 and a quick ratio of 1.60. The firm has a market capitalization of $7.75 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.13. BorgWarner had a return on equity of 16.13% and a net margin of 2.06%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate 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, June 16th. Investors of record on Monday, June 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. BorgWarner's dividend payout ratio is currently 35.20%.

Insider Buying and Selling

In other BorgWarner news, VP Isabelle Mckenzie sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $33.25, for a total value of $166,250.00. Following the completion of the transaction, the vice president directly owned 63,445 shares of the company's stock, valued at approximately $2,109,546.25. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.83, for a total value of $910,572.88. Following the completion of the transaction, the executive vice president directly owned 214,521 shares of the company's stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Trajan Wealth LLC lifted its holdings in BorgWarner by 4.6% in the first quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company's stock valued at $229,000 after acquiring an additional 353 shares during the period. Norinchukin Bank The lifted its holdings in BorgWarner by 4.4% in the fourth quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock valued at $302,000 after acquiring an additional 402 shares during the period. Farther Finance Advisors LLC raised its stake in shares of BorgWarner by 26.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock worth $56,000 after buying an additional 407 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of BorgWarner by 5.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company's stock worth $225,000 after buying an additional 421 shares during the period. Finally, Strengthening Families & Communities LLC raised its stake in shares of 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 buying an additional 421 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.