State of Michigan Retirement System Buys New Holdings in BorgWarner Inc. $BWA

State of Michigan Retirement System acquired a new position in shares of BorgWarner Inc. (NYSE:BWA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,600 shares of the auto parts company’s stock, valued at approximately $2,280,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWA. Root Financial Partners LLC acquired a new stake in shares of BorgWarner in the third quarter valued at $27,000. Mather Group LLC. acquired a new stake in shares of BorgWarner during the third quarter worth about $41,000. Sound Income Strategies LLC raised its position in shares of BorgWarner by 9,888.9% during the fourth quarter. Sound Income Strategies LLC now owns 899 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 890 shares during the period. Olistico Wealth LLC acquired a new stake in BorgWarner in the 4th quarter valued at approximately $50,000. Finally, Quent Capital LLC acquired a new stake in BorgWarner in the 3rd quarter valued at approximately $55,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BWA. The Goldman Sachs Group lifted their target price on BorgWarner from $54.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Evercore reissued an “outperform” rating and set a $75.00 price target on shares of BorgWarner in a report on Tuesday, February 17th. Wolfe Research raised BorgWarner from a “peer perform” rating to an “outperform” rating and set a $68.00 target price for the company in a report on Wednesday, March 25th. TD Cowen reiterated a “hold” rating on shares of BorgWarner in a research report on Thursday, February 12th. Finally, New Street Research set a $66.00 price target on BorgWarner in a report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BorgWarner presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.77.

Insider Activity at BorgWarner

In other BorgWarner news, EVP Tonit M. Calaway sold 16,000 shares of BorgWarner stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $65.08, for a total transaction of $1,041,280.00. Following the sale, the executive vice president directly owned 240,251 shares of the company’s stock, valued at approximately $15,635,535.08. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tania Wingfield sold 17,867 shares of BorgWarner stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $63.43, for a total value of $1,133,303.81. Following the sale, the executive vice president directly owned 45,429 shares in the company, valued at approximately $2,881,561.47. The trade was a 28.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 78,083 shares of company stock worth $4,638,585 over the last 90 days. 0.76% of the stock is owned by insiders.

BorgWarner Price Performance

NYSE:BWA opened at $56.79 on Friday. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 1.19 and a beta of 1.00. BorgWarner Inc. has a 52-week low of $28.70 and a 52-week high of $70.08. The stock has a fifty day moving average of $54.41 and a 200 day moving average of $49.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07.

BorgWarner (NYSE:BWA) last posted its quarterly earnings data on Wednesday, February 11th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.19. BorgWarner had a return on equity of 17.89% and a net margin of 1.93%.The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. BorgWarner has set its FY 2026 guidance at 5.000-5.200 EPS. On average, research analysts expect that BorgWarner Inc. will post 5.14 EPS for the current fiscal year.

BorgWarner Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.17 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 1.2%. BorgWarner’s payout ratio is currently 54.40%.

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.