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

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, February 5th, NASDAQ Dividends reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.11 per share by the auto parts company on Monday, March 17th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Monday, March 3rd.

BorgWarner has decreased its dividend by an average of 13.5% annually over the last three years. BorgWarner has a dividend payout ratio of 9.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect BorgWarner to earn $4.87 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 9.0%.

BorgWarner Price Performance

Shares of BWA stock opened at $29.80 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.45 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.52 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.77 and a beta of 1.18. BorgWarner has a 12 month low of $28.65 and a 12 month high of $38.22. The stock has a 50 day moving average of $31.28 and a two-hundred day moving average of $33.00.

BorgWarner (NYSE:BWA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. BorgWarner had a return on equity of 15.93% and a net margin of 2.40%. As a group, equities analysts expect that BorgWarner will post 4.28 EPS for the current year.

Insider Activity

In related news, CAO Tonit M. Calaway sold 13,500 shares of BorgWarner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $30.16, for a total value of $407,160.00. Following the sale, the chief accounting officer now owns 259,310 shares of the company’s stock, valued at approximately $7,820,789.60. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

BWA has been the subject of several analyst reports. Guggenheim restated a “buy” rating and set a $41.00 target price on shares of BorgWarner in a research report on Thursday, December 12th. Wells Fargo & Company raised their price target on BorgWarner from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on BorgWarner from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, January 27th. The Goldman Sachs Group dropped their price target on BorgWarner from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BorgWarner from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.57.

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.