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

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Monday, June 3rd will be given a dividend of 0.11 per share by the auto parts company on Monday, June 17th. This represents a $0.44 annualized dividend and a yield of 1.31%.

BorgWarner has decreased its dividend by an average of 6.3% annually over the last three years. BorgWarner has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

BWA opened at $33.65 on Thursday. The company’s 50-day simple moving average is $32.58 and its two-hundred day simple moving average is $34.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.65. The stock has a market capitalization of $7.73 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.00 and a beta of 1.31. BorgWarner has a 52-week low of $29.51 and a 52-week high of $50.04.

BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, February 8th. The auto parts company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts predict that BorgWarner will post 3.89 EPS for the current year.

Insider Buying and Selling

In other BorgWarner news, VP Stefan Demmerle sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.00, for a total value of $99,000.00. Following the completion of the transaction, the vice president now directly owns 249,013 shares in the company, valued at approximately $8,217,429. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Frederic Lissalde sold 225,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $31.08, for a total transaction of $7,020,972.00. Following the transaction, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stefan Demmerle sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.00, for a total transaction of $99,000.00. Following the transaction, the vice president now owns 249,013 shares in the company, valued at approximately $8,217,429. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,503 shares of company stock worth $9,015,478. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BWA. BNP Paribas lowered BorgWarner from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $35.00 in a report on Tuesday, February 20th. The Goldman Sachs Group cut their price target on BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. cut their target price on shares of BorgWarner from $59.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Wells Fargo & Company reduced their target price on shares of BorgWarner from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, BorgWarner has an average rating of “Moderate Buy” and an average target price of $44.30.

BorgWarner Company Profile

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.