BorgWarner (NYSE:BWA) Price Target Raised to $83.00

BorgWarner (NYSE:BWA) had its target price upped by equities researchers at Barclays from $75.00 to $83.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective would indicate a potential upside of 26.74% from the stock’s previous close.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft set a $81.00 price objective on BorgWarner in a report on Tuesday, April 21st. Morgan Stanley lifted their target price on BorgWarner from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 27th. Wolfe Research reiterated an “outperform” rating and issued a $95.00 price target on shares of BorgWarner in a report on Wednesday, June 3rd. Sanford C. Bernstein raised BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and an average price target of $74.57.

BorgWarner Trading Up 2.0%

BWA opened at $65.49 on Thursday. The stock has a market capitalization of $13.43 billion, a PE ratio of 38.55, a P/E/G ratio of 1.23 and a beta of 1.09. The firm’s fifty day moving average price is $67.18 and its 200 day moving average price is $57.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75. BorgWarner has a 12-month low of $34.27 and a 12-month high of $78.82.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $3.53 billion during 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%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $1.11 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. As a group, research analysts expect that BorgWarner will post 5.18 EPS for the current fiscal year.

Insider Activity

In other news, VP Stefan Demmerle sold 20,000 shares of BorgWarner stock in a transaction that occurred 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. The trade was a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Isabelle Mckenzie sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $63.35, for a total value of $221,725.00. Following the completion of the transaction, the vice president directly owned 57,828 shares of the company’s stock, valued at $3,663,403.80. This trade represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 67,500 shares of company stock valued at $4,310,115. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BWA. Valeo Financial Advisors LLC increased its holdings in shares of BorgWarner by 12.0% during the second quarter. Valeo Financial Advisors LLC now owns 6,116 shares of the auto parts company’s stock valued at $406,000 after purchasing an additional 654 shares during the period. Chesley Taft & Associates LLC grew its position in BorgWarner by 2.3% in the 2nd quarter. Chesley Taft & Associates LLC now owns 14,280 shares of the auto parts company’s stock valued at $948,000 after buying an additional 322 shares in the last quarter. Baron Wealth Management LLC increased its stake in BorgWarner by 1.1% during the 2nd quarter. Baron Wealth Management LLC now owns 26,894 shares of the auto parts company’s stock valued at $1,786,000 after buying an additional 287 shares during the period. GAMMA Investing LLC raised its position in shares of BorgWarner by 7.5% during the 2nd quarter. GAMMA Investing LLC now owns 9,413 shares of the auto parts company’s stock worth $625,000 after buying an additional 656 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of BorgWarner by 4,304.3% in the 2nd quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

About BorgWarner

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.