BorgWarner Inc. (BWA) continues to make waves in the market as both investors and money managers display considerable interest. The firm's positive consumer discretionary stock ratings have inspired the latest round of purchases. State of Alaska Department of Revenue, Empowered Funds LLC, and abrdn plc have all added new positions or increased holdings. Despite slight dips, such as Barclays adjusting BWA's price target downwards, the company rebounds. Recent earnings surpassed estimates, maintaining a consistent dividend payout amidst a segue to electric vehicles. There has also been a notable increase in dividend payout, indicating strong business performance. Still, there are concerns with the sales of shares by some insiders and lower than expected annual revenue. Amid these developments, it is interesting to note that BorgWarner has been recognized as a top employer and has secured significant contracts, notably a multi-year turbocharger deal with a leading North American automaker and a contract for Next-Gen transfer cases with SAIC Maxus. Finally, BorgWarner has indicated its resilience in the face of market challenges and is strongly dedicated to its EV future.
Borgwarner BWA News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 18:58:49 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor -4
