BorgWarner (NYSE:BWA) Price Target Raised to $39.00 at Robert W. Baird

BorgWarner (NYSE:BWA - Free Report) had its price target raised by Robert W. Baird from $32.00 to $39.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the auto parts company's stock.

BWA has been the topic of a number of other research reports. BNP Paribas raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of BorgWarner from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Piper Sandler reaffirmed an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of BorgWarner in a research note on Thursday, May 22nd. Bank of America raised their price objective on shares of BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Wall Street Zen raised shares of BorgWarner from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.36.

BorgWarner Stock Performance

NYSE:BWA traded up $0.27 during midday trading on Friday, hitting $35.68. The company's stock had a trading volume of 1,477,445 shares, compared to its average volume of 2,708,043. BorgWarner has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The firm's 50 day moving average is $33.17 and its 200-day moving average is $30.80. 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 cap of $7.84 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.56 and a beta of 1.09.

BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The auto parts company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.13. BorgWarner had a net margin of 2.06% and a return on equity of 16.13%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company earned $1.03 EPS. BorgWarner's quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.23%. BorgWarner's dividend payout ratio is currently 35.20%.

Insider Buying and Selling at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 27,736 shares of BorgWarner 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 owned 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 document filed with the SEC, which is available through this hyperlink. Also, VP Isabelle Mckenzie sold 5,000 shares of BorgWarner stock in a transaction on Friday, May 16th. The stock was sold at an average price of $33.25, for a total transaction of $166,250.00. Following the sale, the vice president directly owned 63,445 shares in the company, valued at approximately $2,109,546.25. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

Institutional Investors Weigh In On BorgWarner

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Trajan Wealth LLC boosted its stake in BorgWarner by 4.6% during the 1st quarter. Trajan Wealth LLC now owns 7,978 shares of the auto parts company's stock worth $229,000 after purchasing an additional 353 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of BorgWarner by 4.4% during the 4th quarter. Norinchukin Bank The now owns 9,501 shares of the auto parts company's stock worth $302,000 after acquiring an additional 402 shares during the period. Farther Finance Advisors LLC raised its holdings 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 acquiring an additional 407 shares during the period. Beverly Hills Private Wealth LLC raised its holdings 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 acquiring an additional 421 shares during the period. Finally, Strengthening Families & Communities LLC raised its holdings 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 acquiring an additional 421 shares during the period. Institutional investors and hedge funds 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.