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

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Monday, June 3rd will be paid a dividend of 0.11 per share by the auto parts company on Monday, June 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, June 3rd.

BorgWarner has decreased its dividend by an average of 6.3% per year over the last three years. BorgWarner has a dividend payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BorgWarner to earn $4.31 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 10.2%.

BorgWarner Stock Performance

Shares of BWA stock opened at $33.19 on Friday. The company’s fifty day simple moving average is $32.65 and its 200-day simple moving average is $33.99. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7.63 billion, a PE ratio of 12.43, a P/E/G ratio of 1.01 and a beta of 1.31. BorgWarner has a 12 month low of $29.51 and a 12 month high of $50.04.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.62 billion. BorgWarner had a return on equity of 14.69% and a net margin of 3.94%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts expect that BorgWarner will post 3.89 EPS for the current fiscal year.

Insider Buying and Selling at BorgWarner

In related news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now directly owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $31.29, for a total value of $93,870.00. Following the transaction, the vice president now directly owns 252,013 shares in the company, valued at $7,885,486.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tonit M. Calaway sold 35,603 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $32.15, for a total transaction of $1,144,636.45. Following the completion of the transaction, the chief accounting officer now owns 83,348 shares in the company, valued at $2,679,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 287,503 shares of company stock worth $9,015,478 over the last ninety days. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BWA. TheStreet lowered shares of BorgWarner from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Robert W. Baird lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $39.00 in a research report on Wednesday, January 3rd. BNP Paribas lowered shares of BorgWarner from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $35.00 in a research report on Tuesday, February 20th. Piper Sandler began coverage on shares of BorgWarner in a research report on Friday, March 15th. They set an “overweight” rating and a $43.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, BorgWarner has an average rating of “Moderate Buy” and a consensus target price of $44.30.

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.