BorgWarner (NYSE:BWA) Given New $83.00 Price Target at Barclays

BorgWarner (NYSE:BWA) had its price objective increased by Barclays from $75.00 to $83.00 in a report released on Thursday, MarketBeat.com reports. They currently have an overweight rating on the auto parts company’s stock.

Several other analysts have also weighed in on BWA. UBS Group upgraded shares of BorgWarner from a “neutral” rating to a “buy” rating and lifted their target price for the company from $61.00 to $95.00 in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and set a $84.00 price objective on shares of BorgWarner in a report on Thursday, June 11th. Sanford C. Bernstein raised shares of BorgWarner to a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. raised their price objective on shares of BorgWarner from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.57.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $64.64 on Thursday. BorgWarner has a 12 month low of $34.27 and a 12 month high of $78.82. The company has a quick ratio of 1.75, a current ratio of 2.13 and a debt-to-equity ratio of 0.69. The company has a market cap of $13.26 billion, a P/E ratio of 38.25, a P/E/G ratio of 1.23 and a beta of 1.09. The business’s 50 day moving average is $67.38 and its two-hundred day moving average is $57.68.

BorgWarner (NYSE:BWA) last announced its earnings results on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.50 billion. BorgWarner had a net margin of 2.53% and a return on equity of 18.36%. BorgWarner’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, equities analysts expect that BorgWarner will post 5.18 EPS for the current year.

BorgWarner Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.17 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 1.1%. BorgWarner’s dividend payout ratio (DPR) is 40.24%.

Insider Activity

In related news, VP Stefan Demmerle sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $59.26, for a total transaction of $1,185,200.00. Following the sale, the vice president owned 213,746 shares of the company’s stock, valued at approximately $12,666,587.96. This trade represents a 8.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph F. Fadool sold 29,000 shares of BorgWarner stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $67.31, for a total value of $1,951,990.00. Following the transaction, the chief executive officer owned 405,964 shares in the company, valued at approximately $27,325,436.84. This represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 67,500 shares of company stock worth $4,310,115 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

A number of hedge funds have recently modified their holdings of BWA. Prosperity Bancshares Inc acquired a new position in shares of BorgWarner in the 4th quarter valued at approximately $37,000. Sound Income Strategies LLC raised its holdings in BorgWarner by 9,888.9% during the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares during the period. Torren Management LLC bought a new position in BorgWarner in the fourth quarter valued at approximately $48,000. Olistico Wealth LLC bought a new position in BorgWarner in the fourth quarter valued at approximately $50,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of BorgWarner in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

BorgWarner Company Profile

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.