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

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, February 5th,NASDAQ Dividends reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.11 per share by the auto parts company on Monday, March 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Monday, March 3rd.

BorgWarner has decreased its dividend payment by an average of 13.5% annually over the last three years. BorgWarner has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BorgWarner to earn $4.56 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 9.6%.

BorgWarner Stock Down 0.8 %

BorgWarner stock traded down $0.24 during trading hours on Friday, hitting $30.00. 4,107,052 shares of the stock traded hands, compared to its average volume of 2,578,414. BorgWarner has a one year low of $29.33 and a one year high of $38.22. The company has a market cap of $6.56 billion, a PE ratio of 7.61, a PEG ratio of 0.66 and a beta of 1.18. The firm’s 50-day moving average price is $32.42 and its two-hundred day moving average price is $33.28. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 6.33% and a return on equity of 15.51%. On average, research analysts forecast that BorgWarner will post 4.23 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Frederic Lissalde sold 154,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 directly owns 259,957 shares of the company’s stock, valued at approximately $8,997,111.77. This represents a 37.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stefan Demmerle sold 20,544 shares of BorgWarner stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $34.28, for a total value of $704,248.32. Following the completion of the sale, the vice president now directly owns 206,969 shares in the company, valued at approximately $7,094,897.32. The trade was a 9.03 % 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 three months. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BWA shares. JPMorgan Chase & Co. lowered their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Evercore ISI upgraded shares of BorgWarner from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $39.00 to $43.00 in a research note on Monday, October 14th. Wells Fargo & Company raised their price target on shares of BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BorgWarner in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BorgWarner from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

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.