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

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.11 per share by the auto parts company on Monday, December 16th. This represents a $0.44 annualized dividend and a yield of 1.26%.

BorgWarner has decreased its dividend payment by an average of 6.3% per year over the last three years. BorgWarner has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BorgWarner to earn $4.65 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 9.5%.

BorgWarner Stock Performance

Shares of NYSE BWA opened at $35.00 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.84 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $34.08 and its two-hundred day moving average is $33.91. The company has a market cap of $7.65 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.70 and a beta of 1.20. BorgWarner has a 12 month low of $29.51 and a 12 month high of $38.22.

BorgWarner (NYSE:BWA) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.92 by $0.17. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. On average, equities analysts expect that BorgWarner will post 4.23 EPS for the current year.

Analysts Set New Price Targets

BWA has been the topic of a number of research reports. Bank of America lowered their price objective on BorgWarner from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Barclays boosted their price objective on BorgWarner from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company lowered their price objective on BorgWarner from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Finally, StockNews.com upgraded BorgWarner from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.44.

Insiders Place Their Bets

In other BorgWarner news, EVP Tania Wingfield sold 2,066 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total value of $66,112.00. Following the transaction, the executive vice president now owns 46,016 shares of the company’s stock, valued at approximately $1,472,512. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.63% of the company’s stock.

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.