BorgWarner (NYSE:BWA) Sets New 52-Week High – Time to Buy?

BorgWarner Inc. (NYSE:BWA)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.83 and last traded at $50.0080, with a volume of 112871 shares. The stock had previously closed at $48.57.

Analysts Set New Price Targets

A number of brokerages recently commented on BWA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, January 21st. Robert W. Baird set a $55.00 target price on BorgWarner in a research report on Wednesday, January 14th. Zacks Research cut BorgWarner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Piper Sandler restated a “neutral” rating and set a $51.00 price target (down previously from $52.00) on shares of BorgWarner in a research report on Thursday, January 8th. Finally, UBS Group lifted their price objective on shares of BorgWarner from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.31.

BorgWarner Price Performance

The stock has a market cap of $10.77 billion, a PE ratio of 79.92, a P/E/G ratio of 0.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The firm’s 50 day moving average price is $45.91 and its two-hundred day moving average price is $43.51.

BorgWarner Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.17 per share. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. BorgWarner’s dividend payout ratio is currently 107.94%.

Insider Buying and Selling at BorgWarner

In other news, VP Stefan Demmerle sold 15,000 shares of BorgWarner stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total value of $682,800.00. Following the completion of the transaction, the vice president directly owned 209,040 shares in the company, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of BorgWarner by 23.7% in the first quarter. Acadian Asset Management LLC now owns 8,979 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 1,723 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of BorgWarner in the 2nd quarter valued at about $339,000. Truist Financial Corp boosted its position in shares of BorgWarner by 7.0% during the 2nd quarter. Truist Financial Corp now owns 17,336 shares of the auto parts company’s stock valued at $580,000 after acquiring an additional 1,134 shares during the last quarter. Hilltop National Bank purchased a new position in shares of BorgWarner during the second quarter worth about $47,000. Finally, QRG Capital Management Inc. increased its position in shares of BorgWarner by 22.7% in the second quarter. QRG Capital Management Inc. now owns 75,234 shares of the auto parts company’s stock worth $2,519,000 after purchasing an additional 13,908 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

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.