BorgWarner Inc. (NYSE:BWA) was down 1.3% during mid-day trading on Thursday . The stock traded as low as $31.38 and last traded at $31.10, approximately 55,685 shares traded hands during trading. A decline of 97% from the average daily volume of 2,186,304 shares. The stock had previously closed at $31.50.
Several analysts recently issued reports on BWA shares. Bank of America reiterated a “neutral” rating and set a $46.00 price target (up previously from $42.00) on shares of BorgWarner in a research report on Tuesday, April 23rd. Zacks Investment Research lowered shares of BorgWarner from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Credit Suisse Group cut their target price on shares of BorgWarner from $50.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Cowen set a $47.00 target price on shares of BorgWarner and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Deutsche Bank lowered shares of BorgWarner from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $44.00 in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. BorgWarner currently has an average rating of “Hold” and an average target price of $46.93.
The company has a market cap of $6.82 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.82. The business’s fifty day moving average price is $38.43 and its 200 day moving average price is $39.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 1.31.
BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.52 billion. BorgWarner had a net margin of 7.53% and a return on equity of 20.13%. BorgWarner’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, equities research analysts anticipate that BorgWarner Inc. will post 3.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, August 30th. BorgWarner’s dividend payout ratio is presently 15.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in BorgWarner during the second quarter worth $25,000. Westside Investment Management Inc. bought a new position in BorgWarner during the second quarter worth $27,000. Sandy Spring Bank bought a new position in BorgWarner during the second quarter worth $27,000. Bremer Bank National Association bought a new position in BorgWarner during the first quarter worth $44,000. Finally, CSat Investment Advisory L.P. raised its stake in BorgWarner by 60.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,531 shares of the auto parts company’s stock worth $64,000 after buying an additional 575 shares during the last quarter. 89.51% of the stock is owned by institutional investors and hedge funds.
BorgWarner Company Profile (NYSE:BWA)
BorgWarner Inc provides solutions for combustion, hybrid, and electric vehicles worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment develops and manufactures turbochargers; eBoosters; and timing systems products, including timing chains, variable cam timing crankshaft and camshaft sprockets, tensioners, guides and snubbers, front-wheel drive transmission chains, four-wheel drive chains, and hybrid power transmission chains.
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