Hill City Capital LP purchased a new stake in shares of BorgWarner Inc. (NYSE:BWA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 802,170 shares of the auto parts company's stock, valued at approximately $53,264,000. BorgWarner accounts for about 1.4% of Hill City Capital LP's holdings, making the stock its 16th largest position. Hill City Capital LP owned about 0.39% of BorgWarner at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in BorgWarner during the 2nd quarter worth about $1,678,187,000. Dimensional Fund Advisors LP raised its holdings in shares of BorgWarner by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,961,482 shares of the auto parts company's stock valued at $538,996,000 after purchasing an additional 178,853 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of BorgWarner by 22.7% in the 4th quarter. AQR Capital Management LLC now owns 9,222,352 shares of the auto parts company's stock valued at $415,559,000 after purchasing an additional 1,703,576 shares in the last quarter. State Street Corp lifted its position in shares of BorgWarner by 5.3% in the 2nd quarter. State Street Corp now owns 7,633,760 shares of the auto parts company's stock worth $255,578,000 after purchasing an additional 380,942 shares during the period. Finally, LSV Asset Management lifted its position in shares of BorgWarner by 6.7% in the 4th quarter. LSV Asset Management now owns 6,446,541 shares of the auto parts company's stock worth $290,481,000 after purchasing an additional 402,887 shares during the period. 95.67% of the stock is currently owned by institutional investors.
BorgWarner Stock Performance
BWA opened at $67.74 on Monday. The company has a market cap of $13.80 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm's 50-day moving average price is $66.34 and its 200-day moving average price is $61.66. BorgWarner Inc. has a 52-week low of $40.50 and a 52-week high of $78.82.
BorgWarner (NYSE:BWA - Get Free Report) last released its earnings results 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 company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.58 billion. BorgWarner had a net margin of 2.89% and a return on equity of 19.10%. BorgWarner's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, equities analysts anticipate that BorgWarner Inc. will post 5.19 EPS for the current fiscal year.
BorgWarner declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
BorgWarner Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 1st. BorgWarner's payout ratio is presently 34.00%.
Insiders Place Their Bets
In related news, CAO Amy B. Kulikowski sold 2,900 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.60, for a total value of $198,940.00. Following the transaction, the chief accounting officer directly owned 9,725 shares of the company's stock, valued at $667,135. This represents a 22.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rajesh Kalathur bought 7,407 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $67.59 per share, for a total transaction of $500,639.13. Following the completion of the transaction, the director owned 7,407 shares in the company, valued at $500,639.13. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.76% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BWA shares. Barclays lifted their price objective on shares of BorgWarner from $83.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, August 10th. UBS Group raised BorgWarner from a "neutral" rating to a "buy" rating and increased their target price for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. Sanford C. Bernstein upgraded BorgWarner to a "buy" rating in a report on Wednesday, June 10th. Wall Street Zen raised BorgWarner from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. Finally, JPMorgan Chase & Co. upped their price objective on BorgWarner from $75.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.93.
Check Out Our Latest Stock Analysis on BWA
BorgWarner Company Profile
(
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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