Meggan Walsh Buys Shares in PHINIA Inc.
Insider Meggan Walsh acquired shares of PHINIA Inc. on June 23, 2026.
Key Points
- Meggan Walsh, an insider, bought 8 shares of PHINIA Inc. on June 23, 2026.
- PHINIA Inc. shares traded near $83.49 on Friday, with a market cap of $3.01 billion.
- Keybanc initiated coverage with a 'buy' rating and a $105 price target on June 12, 2026.
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Meggan Walsh, an insider at PHINIA Inc. (NYSE:PHIN), purchased 8 shares of the company on June 23, 2026. The transaction didn't disclose the price or total value. This move is noteworthy as it adds to the recent insider activity at PHINIA.
Insider Buying and Selling at PHINIA Inc.
Several insiders at PHINIA Inc. were active on June 23, 2026. Dori Sebastian, VP and CPO, acquired 25 shares. President and CEO Ericson Brady purchased 523 shares. Other insiders, including Norman Daun, Newton LaTondra, Samuel Chapin, and Matthew Logar, also bought small amounts of shares. None of these transactions were made under a pre-planned trading arrangement.
Other Institutional Activity in PHINIA Inc.
Institutional investors have been active in PHINIA as well. BlackRock, Inc. slightly reduced its holdings by 11,850 shares, ending with 5,735,120 shares valued at about $392.5 million. Vanguard Portfolio Management LLC opened a new position with 2,512,703 shares worth approximately $172 million. Dimensional Fund Advisors LP increased its stake by 34,503 shares to a total of 2,336,499 shares, valued at around $159.9 million. FMR LLC boosted its holdings significantly by 736,593 shares, bringing its total to 2,015,040 shares valued at about $137.9 million.
PHINIA Inc. Stock Up 21.6%
On Friday, shares of PHINIA Inc. traded near $83.49. The company has a market cap of approximately $3.01 billion and a P/E ratio of 22.78. Its forward P/E is 12.06, suggesting potential earnings growth. The stock's beta is 1.103, indicating slightly higher volatility compared to the market. PHINIA's shares have ranged from $41.59 to $86.94 over the past year, with a 50-day moving average of $76.40 and a 200-day moving average of $65.64.
$PHIN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
PHINIA Inc. reported revenue of about $3.56 billion, reflecting a growth rate of 10.3%. The company's net margin stands at 3.96%, with a return on equity of 9.14%. Earnings per share were $3.57. PHINIA is scheduled to release its next earnings report on July 23, 2026.
Dividend
PHINIA Inc. pays an annual dividend of $1.20 per share, yielding 1.49%. The dividend payout ratio is 31.09%, indicating a conservative approach to returning profits to shareholders.
Analysts Set New Price Targets
On June 12, 2026, Keybanc initiated coverage on PHINIA with a 'buy' rating and set a price target of $105. The consensus among analysts is a 'buy' recommendation, with an average price target of $92 based on five analyst opinions.
About PHINIA Inc.
PHINIA Inc., headquartered in Auburn Hills, Michigan, operates in the consumer cyclical sector, specializing in auto parts. The company designs and manufactures integrated components and systems through its Fuel Systems and Aftermarket segments. PHINIA's products are used in various applications, including commercial vehicles, light passenger vehicles, and industrial applications. Led by CEO Mr. Brady D. Ericson, the company employs around 12,500 people.
Bottom Line
Meggan Walsh's recent purchase is part of a broader pattern of insider buying at PHINIA Inc., which could suggest confidence in the company's future. The stock has shown strong institutional interest, with mixed activity from major funds. Investors will be watching the upcoming earnings report and analyst ratings closely to gauge PHINIA's future performance. Remember, 13F filings and insider transactions are backward-looking and may not reflect current positions.
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