Foster & Motley Inc. bought a new stake in BorgWarner Inc. (NYSE:BWA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,023 shares of the auto parts company's stock, valued at approximately $403,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Trajan Wealth LLC grew its holdings in shares of 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 purchasing an additional 353 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of BorgWarner by 2.3% in the second quarter. Tectonic Advisors LLC now owns 17,002 shares of the auto parts company's stock valued at $569,000 after purchasing an additional 388 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of BorgWarner by 26.1% in the first quarter. Farther Finance Advisors LLC now owns 1,965 shares of the auto parts company's stock valued at $56,000 after purchasing an additional 407 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of BorgWarner by 5.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 7,852 shares of the auto parts company's stock valued at $225,000 after purchasing an additional 421 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in shares of BorgWarner by 14.6% in the first quarter. Strengthening Families & Communities LLC now owns 3,301 shares of the auto parts company's stock valued at $95,000 after purchasing an additional 421 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.
BorgWarner Stock Down 0.6%
NYSE:BWA opened at $42.57 on Monday. BorgWarner Inc. has a twelve month low of $24.40 and a twelve month high of $44.97. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 45.29, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. The stock has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $36.03. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 0.64.
BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.15. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period last year, the company earned $1.19 earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. Analysts anticipate that BorgWarner Inc. will post 4.28 EPS for the current year.
BorgWarner Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. This is a positive change from BorgWarner's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, September 2nd. BorgWarner's dividend payout ratio is 72.34%.
BorgWarner announced that its board has authorized a stock repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 13.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have commented on BWA shares. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $50.00 to $54.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Evercore ISI lifted their price objective on shares of BorgWarner from $42.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, October 13th. Robert W. Baird raised shares of BorgWarner from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $41.00 to $52.00 in a research note on Wednesday, September 3rd. Barclays lifted their price objective on shares of BorgWarner from $45.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of BorgWarner from $45.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.64.
Read Our Latest Report on BWA
Insider Transactions at BorgWarner
In other news, Director Alexis P. Michas sold 8,772 shares of BorgWarner stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total transaction of $371,143.32. Following the completion of the sale, the director directly owned 78,903 shares in the company, valued at approximately $3,338,385.93. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Isabelle Mckenzie sold 2,500 shares of BorgWarner stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total value of $100,025.00. Following the completion of the sale, the vice president owned 55,945 shares of the company's stock, valued at $2,238,359.45. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,272 shares of company stock worth $1,263,318. 0.63% of the stock is currently owned by insiders.
BorgWarner Company Profile
(
Free Report)
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.
Further Reading
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.
Before you consider BorgWarner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BorgWarner wasn't on the list.
While BorgWarner currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
