Aurora Investment Counsel bought a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 25,506 shares of the auto parts company's stock, valued at approximately $1,694,000.
Other hedge funds have also bought and sold shares of the company. Csenge Advisory Group bought a new stake in shares of BorgWarner during the 2nd quarter valued at about $216,000. Johnson Financial Group Inc. acquired a new position in shares of BorgWarner during the second quarter valued at $285,000. NewEdge Wealth LLC bought a new stake in shares of BorgWarner during the 2nd quarter worth about $261,000. Great Lakes Advisors LLC bought a new stake in BorgWarner during the second quarter worth approximately $34,825,000. Finally, Danske Bank A S bought a new stake in shares of BorgWarner in the 2nd quarter worth $566,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
BorgWarner Price Performance
NYSE:BWA opened at $66.17 on Thursday. The firm has a market cap of $13.48 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10. BorgWarner Inc. has a 12 month low of $40.50 and a 12 month high of $78.82. The company's 50-day moving average price is $66.69 and its two-hundred day moving average price is $61.40. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.
BorgWarner (NYSE:BWA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.14. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. The company's revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. On average, equities analysts anticipate that BorgWarner Inc. will post 5.19 EPS for the current fiscal year.
BorgWarner Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. BorgWarner's dividend payout ratio is currently 34.00%.
BorgWarner declared that its board has initiated a share buyback program on Wednesday, August 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $79.00 price objective on BorgWarner in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of BorgWarner from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Weiss Ratings raised BorgWarner from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, June 29th. Wolfe Research restated an "outperform" rating and set a $95.00 price target on shares of BorgWarner in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein raised BorgWarner to a "buy" rating in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, BorgWarner currently has an average rating of "Moderate Buy" and a consensus price target of $75.93.
Check Out Our Latest Report on BorgWarner
About BorgWarner
(
Free Report)
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.
Further Reading
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