Flputnam Investment Management Co. Invests $1.66 Million in BorgWarner Inc. $BWA

Flputnam Investment Management Co. bought a new stake in shares of BorgWarner Inc. (NYSE:BWA) during the second quarter, Holdings Channel.com reports. The fund bought 24,993 shares of the auto parts company’s stock, valued at approximately $1,660,000.

A number of other large investors have also recently made changes to their positions in the stock. Clearstead Trust LLC purchased a new stake in shares of BorgWarner in the second quarter worth about $28,000. Prosperity Bancshares Inc bought a new position in BorgWarner in the 4th quarter valued at $37,000. Torren Management LLC bought a new position in BorgWarner in the 4th quarter valued at $48,000. Cedar Mountain Advisors LLC purchased a new position in shares of BorgWarner during the 1st quarter valued at $55,000. Finally, Grove Bank & Trust increased its holdings in shares of BorgWarner by 4,304.3% in the second quarter. Grove Bank & Trust now owns 1,013 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 990 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BWA has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of BorgWarner from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Sanford C. Bernstein upgraded shares of BorgWarner to a “buy” rating in a research report on Wednesday, June 10th. TD Cowen boosted their price target on shares of BorgWarner from $67.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of BorgWarner from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.93.

BorgWarner Stock Up 1.9%

Shares of NYSE BWA opened at $69.98 on Tuesday. The stock has a market capitalization of $14.25 billion, a P/E ratio of 34.99, a PEG ratio of 1.24 and a beta of 1.10. BorgWarner Inc. has a one year low of $40.50 and a one year high of $78.82. The firm’s 50 day simple moving average is $66.90 and its two-hundred day simple moving average is $61.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.76.

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

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

BorgWarner Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio (DPR) is 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.