BorgWarner Inc. (NYSE:BWA) Declares Quarterly Dividend of $0.11

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.11 per share by the auto parts company on Monday, December 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd.

BorgWarner has decreased its dividend by an average of 6.3% annually over the last three years. BorgWarner has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $4.70 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 9.4%.

BorgWarner Stock Performance

NYSE BWA opened at $34.32 on Friday. The company’s 50 day simple moving average is $34.57 and its two-hundred day simple moving average is $33.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.84 and a quick ratio of 1.48. BorgWarner has a 1 year low of $29.51 and a 1 year high of $38.22. The stock has a market capitalization of $7.51 billion, a PE ratio of 8.71, a P/E/G ratio of 0.76 and a beta of 1.20.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.17. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business posted $0.98 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. Analysts predict that BorgWarner will post 4.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BWA has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Evercore ISI raised shares of BorgWarner from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $39.00 to $43.00 in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group cut their target price on shares of BorgWarner from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Finally, Wolfe Research began coverage on BorgWarner in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, BorgWarner presently has an average rating of “Moderate Buy” and a consensus target price of $41.21.

Insider Activity at BorgWarner

In other BorgWarner news, VP Isabelle Mckenzie sold 5,700 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.62, for a total value of $197,334.00. Following the sale, the vice president now owns 37,640 shares of the company’s stock, valued at $1,303,096.80. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederic Lissalde sold 154,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.61, for a total transaction of $5,329,940.00. Following the completion of the transaction, the chief executive officer now owns 259,957 shares in the company, valued at $8,997,111.77. The trade was a 37.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,010 shares of company stock worth $7,678,076 in the last ninety days. 0.45% of the stock is owned by company insiders.

About BorgWarner

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.