PHINIA Inc. (NYSE:PHIN) Receives $52.33 Average Target Price from Brokerages

PHINIA Inc. (NYSE:PHIN - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $52.33.

Several equities analysts have recently weighed in on PHIN shares. UBS Group upped their price objective on shares of PHINIA from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Morgan Stanley lowered their target price on shares of PHINIA from $50.00 to $46.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Bank of America upped their price objective on shares of PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. BNP Paribas downgraded shares of PHINIA from an "outperform" rating to a "neutral" rating and set a $46.00 price objective for the company. in a research report on Wednesday, April 23rd. Finally, CL King started coverage on shares of PHINIA in a research report on Monday, March 24th. They issued a "buy" rating and a $54.00 price objective for the company.

PHINIA Stock Down 0.5%

Shares of PHIN stock traded down $0.23 on Friday, reaching $47.89. 469,465 shares of the company's stock traded hands, compared to its average volume of 536,567. The company has a market capitalization of $1.91 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49. PHINIA has a 12-month low of $36.25 and a 12-month high of $57.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.36 and a current ratio of 1.85. The business's 50 day moving average price is $44.63 and its two-hundred day moving average price is $45.25.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10). The company had revenue of $796.00 million during the quarter, compared to the consensus estimate of $813.24 million. PHINIA had a net margin of 2.28% and a return on equity of 9.88%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities analysts forecast that PHINIA will post 4.21 earnings per share for the current year.

PHINIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.27 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.08 annualized dividend and a dividend yield of 2.26%. PHINIA's dividend payout ratio is presently 61.36%.

Insider Activity at PHINIA

In other PHINIA news, CEO Brady D. Ericson acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired at an average cost of $39.73 per share, for a total transaction of $397,300.00. Following the transaction, the chief executive officer directly owned 436,486 shares of the company's stock, valued at approximately $17,341,588.78. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Meggan M. Walsh acquired 1,400 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $42.71 per share, for a total transaction of $59,794.00. Following the completion of the transaction, the director directly owned 7,492 shares in the company, valued at approximately $319,983.32. This represents a 22.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,423 shares of company stock worth $458,069. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of PHINIA

A number of institutional investors and hedge funds have recently bought and sold shares of PHIN. Commerce Bank lifted its stake in PHINIA by 1.7% during the fourth quarter. Commerce Bank now owns 13,696 shares of the company's stock worth $660,000 after purchasing an additional 231 shares during the last quarter. Mariner LLC raised its position in PHINIA by 1.3% in the fourth quarter. Mariner LLC now owns 19,739 shares of the company's stock worth $951,000 after acquiring an additional 245 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in PHINIA by 1.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company's stock worth $725,000 after buying an additional 274 shares during the period. OneDigital Investment Advisors LLC raised its holdings in PHINIA by 3.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 9,253 shares of the company's stock worth $393,000 after buying an additional 279 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in PHINIA by 1.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 18,935 shares of the company's stock worth $803,000 after buying an additional 282 shares during the period. Institutional investors and hedge funds own 90.94% of the company's stock.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments.