Foster & Motley Inc. Purchases New Position in BorgWarner Inc. $BWA

Foster & Motley Inc. acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 31,272 shares of the auto parts company’s stock, valued at approximately $2,076,000.

Several other hedge funds also recently modified their holdings of the company. Clearstead Trust LLC acquired a new position in shares of BorgWarner in the 2nd quarter worth approximately $28,000. Prosperity Bancshares Inc acquired a new stake in BorgWarner during the 4th quarter valued at $37,000. Grove Bank & Trust increased its holdings in BorgWarner by 4,304.3% during the 2nd quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 990 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in BorgWarner in the 1st quarter valued at $55,000. Finally, Torren Management LLC acquired a new position in BorgWarner in the fourth quarter worth $48,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BWA shares. UBS Group upgraded BorgWarner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $95.00 in a report on Wednesday, June 10th. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a report on Wednesday, June 10th. TD Cowen upped their price target on shares of BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Deutsche Bank Aktiengesellschaft set a $80.00 price objective on shares of BorgWarner in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.93.

BorgWarner Trading Down 2.8%

Shares of BWA opened at $67.97 on Wednesday. The stock’s fifty day simple moving average is $66.79 and its 200-day simple moving average is $61.27. The firm has a market capitalization of $13.84 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. BorgWarner Inc. has a 12-month low of $40.50 and a 12-month high of $78.82. The company has a quick ratio of 1.76, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.14. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.58 billion. BorgWarner had a return on equity of 19.10% and a net margin of 2.89%.The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. BorgWarner has set its FY 2026 guidance at 5.050-5.300 EPS. As a group, research analysts predict that BorgWarner Inc. will post 5.19 earnings per share for the current year.

BorgWarner declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

BorgWarner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. BorgWarner’s payout ratio is currently 34.00%.

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.