Perigon Wealth Management LLC Invests $536,000 in BorgWarner Inc. $BWA

Perigon Wealth Management LLC purchased a new stake in BorgWarner Inc. (NYSE:BWA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,073 shares of the auto parts company’s stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Trust LLC purchased a new stake in BorgWarner during the 2nd quarter valued at about $28,000. Prosperity Bancshares Inc acquired a new stake in BorgWarner during the 4th quarter valued at approximately $37,000. Torren Management LLC purchased a new stake in shares of BorgWarner in the 4th quarter valued at $48,000. Cedar Mountain Advisors LLC purchased a new stake in shares of BorgWarner in the 1st quarter valued at $55,000. Finally, Grove Bank & Trust increased its stake 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 acquiring an additional 990 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BWA. Barclays boosted their target price on shares of BorgWarner from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Wells Fargo & Company increased their price target on BorgWarner from $68.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on BorgWarner in a research note on Thursday, August 6th. Morgan Stanley upped their target price on BorgWarner from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on BorgWarner from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and an average target price of $75.93.

BorgWarner Trading Down 2.6%

Shares of BorgWarner stock opened at $66.17 on Thursday. The firm has a 50-day simple moving average of $66.69 and a two-hundred day simple moving average of $61.40. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. BorgWarner Inc. has a fifty-two week low of $40.50 and a fifty-two week high of $78.82. The company has a market cap of $13.48 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10.

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

BorgWarner Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 1st. BorgWarner’s dividend payout ratio is presently 34.00%.

BorgWarner announced that its board has initiated a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.