FSM Wealth Advisors LLC Acquires New Shares in BorgWarner Inc. $BWA

FSM Wealth Advisors LLC acquired a new position in BorgWarner Inc. (NYSE:BWA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,634 shares of the auto parts company's stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of BorgWarner by 6.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 35,694 shares of the auto parts company's stock worth $1,023,000 after acquiring an additional 2,311 shares during the period. Moran Wealth Management LLC boosted its holdings in BorgWarner by 3.1% in the first quarter. Moran Wealth Management LLC now owns 18,415 shares of the auto parts company's stock worth $528,000 after purchasing an additional 546 shares during the last quarter. Lecap Asset Management Ltd. grew its position in BorgWarner by 381.4% in the 1st quarter. Lecap Asset Management Ltd. now owns 46,038 shares of the auto parts company's stock worth $1,319,000 after purchasing an additional 36,475 shares during the period. Spire Wealth Management raised its stake in BorgWarner by 1,331.7% during the 1st quarter. Spire Wealth Management now owns 97,899 shares of the auto parts company's stock valued at $2,805,000 after buying an additional 91,061 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in BorgWarner by 596.1% during the 1st quarter. Golden State Wealth Management LLC now owns 1,601 shares of the auto parts company's stock valued at $46,000 after buying an additional 1,371 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BWA shares. Baird R W upgraded BorgWarner from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Wells Fargo & Company increased their target price on BorgWarner from $50.00 to $54.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. UBS Group raised their target price on BorgWarner from $43.00 to $46.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Robert W. Baird upgraded BorgWarner from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $41.00 to $52.00 in a research note on Wednesday, September 3rd. Finally, Zacks Research cut shares of BorgWarner from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, BorgWarner has a consensus rating of "Moderate Buy" and a consensus price target of $45.21.

BorgWarner Stock Performance

Shares of BWA opened at $43.65 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $43.20 and a two-hundred day simple moving average of $36.37. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.61 and a beta of 1.09. BorgWarner Inc. has a 52 week low of $24.40 and a 52 week high of $44.97.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The auto parts company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.15. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.56 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. BorgWarner has set its FY 2025 guidance at 4.450-4.65 EPS. On average, analysts expect that BorgWarner Inc. will post 4.28 EPS for the current year.

BorgWarner Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.17 dividend. The ex-dividend date was Tuesday, September 2nd. This is an increase from BorgWarner's previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. BorgWarner's dividend payout ratio (DPR) is currently 72.34%.

BorgWarner declared that its board has approved a stock repurchase plan on Thursday, July 31st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the auto parts company to reacquire up to 13.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 5,000 shares of BorgWarner stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $40.50, for a total transaction of $202,500.00. Following the sale, the vice president owned 229,040 shares of the company's stock, valued at approximately $9,276,120. This trade represents a 2.14% decrease in their position. The sale 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 that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.01, for a total transaction of $100,025.00. Following the sale, the vice president owned 55,945 shares in the company, valued at approximately $2,238,359.45. The trade was a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,272 shares of company stock valued at $1,263,318 over the last three months. Corporate insiders own 0.45% of the company's stock.

BorgWarner Company Profile

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.

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