Brokerages Set BorgWarner Inc. (NYSE:BWA) PT at $46.08

Shares of BorgWarner Inc. (NYSE:BWA) have earned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $46.0769.

Several equities analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on shares of BorgWarner from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Evercore ISI upped their target price on BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Robert W. Baird set a $54.00 price target on BorgWarner in a report on Friday, October 31st. Zacks Research cut shares of BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company boosted their target price on shares of BorgWarner from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th.

Insider Transactions at BorgWarner

In other news, VP Stefan Demmerle sold 15,000 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $45.52, for a total transaction of $682,800.00. Following the sale, the vice president directly owned 209,040 shares of the company’s stock, valued at $9,515,500.80. This represents a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Isabelle Mckenzie sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $44.23, for a total value of $141,536.00. Following the completion of the sale, the vice president directly owned 43,555 shares in the company, valued at approximately $1,926,437.65. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,200 shares of company stock valued at $1,054,336 in the last quarter. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Large investors have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in shares of BorgWarner by 256.1% in the 3rd quarter. Allworth Financial LP now owns 5,993 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 4,310 shares during the period. IFP Advisors Inc grew its stake in shares of BorgWarner by 4.2% in the third quarter. IFP Advisors Inc now owns 14,300 shares of the auto parts company’s stock valued at $629,000 after buying an additional 580 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in BorgWarner during the 3rd quarter valued at about $436,000. CIBC Private Wealth Group LLC lifted its position in shares of BorgWarner by 71.2% during the third quarter. CIBC Private Wealth Group LLC now owns 3,811 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Caerus Investment Advisors LLC purchased a new stake in BorgWarner during the 3rd quarter worth approximately $681,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

BorgWarner Price Performance

BWA stock opened at $43.33 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.63. BorgWarner has a 52 week low of $24.40 and a 52 week high of $46.39. The company has a fifty day simple moving average of $43.48 and a two-hundred day simple moving average of $39.72. The firm has a market capitalization of $9.27 billion, a P/E ratio of 68.77, a price-to-earnings-growth ratio of 1.05 and a beta of 1.06.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a net margin of 0.94% and a return on equity of 16.72%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the firm posted $1.09 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts anticipate that BorgWarner will post 4.28 earnings per share for the current fiscal year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.17 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. BorgWarner’s dividend payout ratio is currently 107.94%.

About BorgWarner

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.