BorgWarner Inc. (BWA) Given Average Rating of “Hold” by Brokerages
BorgWarner Inc. (NYSE:BWA) has been assigned a consensus recommendation of “Hold” from the twenty analysts that are covering the stock. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $41.75.
Several research analysts have weighed in on BWA shares. Bank of America Corp. downgraded BorgWarner from a “buy” rating to a “neutral” rating in a report on Tuesday, June 21st. Goldman Sachs Group Inc. downgraded BorgWarner from a “buy” rating to a “neutral” rating and cut their price target for the company from $37.00 to $35.00 in a report on Thursday, October 6th. Robert W. Baird reiterated an “outperform” rating and issued a $46.00 price target on shares of BorgWarner in a report on Wednesday, September 7th. Buckingham Research started coverage on BorgWarner in a report on Tuesday, August 2nd. They issued a “neutral” rating and a $33.00 price target for the company. Finally, Seaport Global Securities started coverage on BorgWarner in a report on Tuesday, August 9th. They issued a “neutral” rating for the company.
In other BorgWarner news, VP Brady D. Ericson sold 16,240 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $33.77, for a total value of $548,424.80. Following the completion of the transaction, the vice president now directly owns 70,156 shares of the company’s stock, valued at approximately $2,369,168.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brady D. Ericson sold 17,132 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $33.69, for a total transaction of $577,177.08. Following the completion of the transaction, the vice president now directly owns 25,502 shares of the company’s stock, valued at $859,162.38. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. boosted its position in shares of BorgWarner by 106.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,567 shares of the company’s stock valued at $105,000 after buying an additional 1,837 shares during the last quarter. River & Mercantile Asset Management LLP boosted its position in shares of BorgWarner by 166.7% in the second quarter. River & Mercantile Asset Management LLP now owns 4,000 shares of the company’s stock valued at $118,000 after buying an additional 2,500 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of BorgWarner by 7.2% in the second quarter. Pacer Advisors Inc. now owns 4,021 shares of the company’s stock valued at $119,000 after buying an additional 271 shares during the last quarter. Washington Trust Bank boosted its position in shares of BorgWarner by 1.4% in the second quarter. Washington Trust Bank now owns 4,054 shares of the company’s stock valued at $120,000 after buying an additional 54 shares during the last quarter. Finally, Seven Eight Capital LLC bought a new position in shares of BorgWarner during the second quarter valued at approximately $121,000. 88.29% of the stock is owned by institutional investors.
BorgWarner (NYSE:BWA) traded down 1.925% on Tuesday, reaching $35.405. The company had a trading volume of 1,597,786 shares. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 12.805 and a beta of 1.93. BorgWarner has a 52-week low of $27.52 and a 52-week high of $48.64. The stock’s 50-day moving average price is $34.85 and its 200 day moving average price is $34.11.
BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, July 28th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. BorgWarner had a return on equity of 18.50% and a net margin of 7.10%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the company earned $0.75 EPS. BorgWarner’s revenue was up 14.6% on a year-over-year basis. On average, equities analysts anticipate that BorgWarner will post $3.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.13 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. BorgWarner’s payout ratio is currently 18.77%.
BorgWarner Inc is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Drivetrain segment’s products include transmission components and systems, all-wheel drive (AWD) torque transfer systems and rotating electrical devices.
Receive News & Ratings for BorgWarner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BorgWarner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.