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

BorgWarner Inc. (NYSE:BWA - Get Free Report) 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 annualized dividend and a dividend yield of 1.49%. 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 8.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BorgWarner to earn $5.06 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 8.7%.

BorgWarner Price Performance

Shares of NYSE BWA traded up $0.12 during mid-day trading on Tuesday, reaching $29.46. 2,418,113 shares of the company traded hands, compared to its average volume of 2,602,660. BorgWarner has a fifty-two week low of $29.23 and a fifty-two week high of $38.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.48. The firm has a market cap of $6.44 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.63 and a beta of 1.18. The stock has a fifty day simple moving average of $32.23 and a 200-day simple moving average of $33.25.

BorgWarner (NYSE:BWA - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. BorgWarner had a net margin of 2.40% and a return on equity of 15.93%. Equities research analysts anticipate that BorgWarner will post 4.54 EPS for the current fiscal year.

Insider Activity

In other news, VP Stefan Demmerle sold 20,544 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $34.28, for a total transaction of $704,248.32. Following the transaction, the vice president now owns 206,969 shares in the company, valued at approximately $7,094,897.32. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BWA. Barclays decreased their price target on shares of BorgWarner from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target 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. Evercore ISI decreased their price target on shares of BorgWarner from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their price target on shares of BorgWarner from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of BorgWarner from a "buy" rating to a "hold" rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

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.