Barclays Increases BorgWarner (NYSE:BWA) Price Target to $44.00

BorgWarner (NYSE:BWA) had its target price increased by Barclays from $40.00 to $44.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Other analysts also recently issued reports about the company. Robert W. Baird downgraded BorgWarner from an outperform rating to a neutral rating and decreased their price target for the company from $45.00 to $39.00 in a research report on Wednesday, January 3rd. Piper Sandler assumed coverage on BorgWarner in a research report on Friday, March 15th. They set an overweight rating and a $43.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on BorgWarner from $59.00 to $52.00 and set an overweight rating for the company in a report on Thursday, January 25th. StockNews.com lowered BorgWarner from a buy rating to a hold rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group reduced their price objective on BorgWarner from $38.00 to $34.00 and set a neutral rating for the company in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $44.30.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $33.50 on Thursday. The company has a market cap of $7.70 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. BorgWarner has a 52 week low of $29.51 and a 52 week high of $50.04. The business has a 50 day moving average price of $32.56 and a 200-day moving average price of $34.38. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. Equities analysts anticipate that BorgWarner will post 3.9 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, February 29th. BorgWarner’s payout ratio is currently 16.48%.

Insider Transactions at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Stefan Demmerle sold 3,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the sale, the vice president now owns 249,013 shares in the company, valued at $8,217,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Volker Weng sold 20,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.85, for a total value of $657,000.00. Following the completion of the sale, the vice president now owns 111,964 shares in the company, valued at approximately $3,678,017.40. The disclosure for this sale can be found here. Insiders sold 287,503 shares of company stock valued at $9,015,478 over the last three months. Company insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

A number of large investors have recently added to or reduced their stakes in BWA. Headlands Technologies LLC purchased a new stake in BorgWarner during the third quarter valued at about $28,000. EdgeRock Capital LLC purchased a new stake in BorgWarner during the fourth quarter valued at about $30,000. Riverview Trust Co purchased a new stake in BorgWarner during the first quarter valued at about $30,000. Sound Income Strategies LLC purchased a new stake in BorgWarner during the fourth quarter valued at about $32,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in BorgWarner during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.