Insider Selling: BorgWarner (NYSE:BWA) EVP Sells $721,520.66 in Stock

BorgWarner Inc. (NYSE:BWAGet Free Report) EVP Tonit Calaway sold 14,021 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $51.46, for a total transaction of $721,520.66. Following the transaction, the executive vice president directly owned 204,913 shares in the company, valued at approximately $10,544,822.98. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

BorgWarner Stock Performance

NYSE:BWA opened at $52.50 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.07 and a quick ratio of 1.70. BorgWarner Inc. has a 1-year low of $24.40 and a 1-year high of $70.08. The firm has a 50-day moving average of $52.66 and a two-hundred day moving average of $46.85. The stock has a market cap of $10.87 billion, a P/E ratio of 42.00, a PEG ratio of 1.08 and a beta of 1.04.

BorgWarner (NYSE:BWAGet Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.19. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.BorgWarner’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, research analysts expect that BorgWarner Inc. will post 4.28 earnings per share for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 2nd. BorgWarner’s dividend payout ratio is 54.40%.

Hedge Funds Weigh In On BorgWarner

Several hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in shares of BorgWarner during the 3rd quarter valued at about $27,000. Addison Advisors LLC increased its position in shares of BorgWarner by 1,647.8% during the second quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 758 shares during the period. Assetmark Inc. raised its stake in shares of BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after buying an additional 364 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in BorgWarner in the fourth quarter worth about $37,000. Finally, Sound Income Strategies LLC raised its holdings in shares of BorgWarner by 9,888.9% in the 4th quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after buying an additional 890 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BorgWarner in a report on Wednesday, January 21st. The Goldman Sachs Group boosted their price target on BorgWarner from $54.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Robert W. Baird set a $76.00 price objective on shares of BorgWarner in a report on Thursday, February 12th. Wells Fargo & Company lifted their price objective on shares of BorgWarner from $52.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $60.00 price objective on BorgWarner in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $61.31.

Get Our Latest Stock Analysis on BWA

About BorgWarner

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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.

Further Reading

Insider Buying and Selling by Quarter for BorgWarner (NYSE:BWA)

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