Horst & Graben Wealth Management LLC Invests $254,000 in BorgWarner Inc. (NYSE:BWA)

Horst & Graben Wealth Management LLC acquired a new position in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,853 shares of the auto parts company's stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in BorgWarner during the 4th quarter worth about $62,180,000. New York State Teachers Retirement System raised its holdings in BorgWarner by 3.8% during the 1st quarter. New York State Teachers Retirement System now owns 219,180 shares of the auto parts company's stock worth $6,280,000 after purchasing an additional 7,977 shares during the last quarter. AIA Group Ltd bought a new stake in BorgWarner during the 4th quarter worth about $1,599,000. Intact Investment Management Inc. bought a new stake in BorgWarner during the 4th quarter worth about $5,077,000. Finally, Magnetar Financial LLC bought a new stake in BorgWarner during the 4th quarter worth about $1,362,000. 95.67% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BWA shares. Piper Sandler restated an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of BorgWarner in a research report on Thursday, May 22nd. Bank of America boosted their target price on BorgWarner from $35.00 to $41.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Robert W. Baird boosted their target price on BorgWarner from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. BNP Paribas upgraded BorgWarner from a "neutral" rating to an "outperform" rating and set a $36.00 target price for the company in a research report on Tuesday, March 18th. Finally, Barclays decreased their target price on BorgWarner from $42.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.53.

BorgWarner Stock Down 1.4%

Shares of BWA traded down $0.48 on Monday, hitting $34.84. The company's stock had a trading volume of 1,447,078 shares, compared to its average volume of 2,718,135. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average price is $32.51 and its 200-day moving average price is $30.68. BorgWarner Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $37.29. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 1.55 and a beta of 1.09.

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

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. BorgWarner's dividend payout ratio (DPR) is currently 35.20%.

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.