BorgWarner Inc. (NYSE:BWA) Receives $37.47 Average Price Target from Brokerages

BorgWarner Inc. (NYSE:BWA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.67.

Several brokerages have recently commented on BWA. TD Cowen downgraded shares of BorgWarner from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Friday, March 7th. Wells Fargo & Company increased their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Monday. Barclays dropped their target price on shares of BorgWarner from $42.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Guggenheim reduced their target price on BorgWarner from $38.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Piper Sandler decreased their price target on BorgWarner from $43.00 to $36.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th.

BorgWarner Stock Down 1.8%

BWA stock traded down $0.61 during mid-day trading on Friday, reaching $32.71. 2,101,549 shares of the company traded hands, compared to its average volume of 2,761,483. The company has a quick ratio of 1.45, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The firm's 50 day moving average price is $28.69 and its 200 day moving average price is $30.89. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 0.77 and a beta of 1.08. BorgWarner has a fifty-two week low of $24.40 and a fifty-two week high of $37.29.

BorgWarner (NYSE:BWA - Get Free Report) last announced 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 15.93% and a net margin of 2.40%. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.35%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.83, for a total transaction of $910,572.88. Following the sale, the executive vice president now owns 214,521 shares of the company's stock, valued at $7,042,724.43. The trade was a 11.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tania Wingfield sold 24,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $28.79, for a total value of $690,960.00. Following the sale, the executive vice president now owns 39,110 shares in the company, valued at approximately $1,125,976.90. This represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,036 shares of company stock valued at $2,017,364 over the last three months. 0.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. increased its position in shares of BorgWarner by 133.4% during the first quarter. Global X Japan Co. Ltd. now owns 915 shares of the auto parts company's stock valued at $26,000 after buying an additional 523 shares during the period. Manchester Capital Management LLC purchased a new position in shares of BorgWarner during the 1st quarter valued at $30,000. LRI Investments LLC grew its position in shares of BorgWarner by 1,515.0% during the 4th quarter. LRI Investments LLC now owns 969 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of BorgWarner by 63.5% in the first quarter. Meeder Asset Management Inc. now owns 1,388 shares of the auto parts company's stock worth $40,000 after purchasing an additional 539 shares during the period. Finally, Allworth Financial LP raised its position in shares of BorgWarner by 123.1% in the first quarter. Allworth Financial LP now owns 1,437 shares of the auto parts company's stock worth $41,000 after buying an additional 793 shares in the last quarter. Institutional investors own 95.67% 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.