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

BorgWarner Inc. (NYSE:BWA - Get Free Report) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.25%.

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 9.5% indicating that its dividend is sufficiently covered by earnings. 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 traded up $0.21 during trading hours on Thursday, reaching $35.06. The stock had a trading volume of 2,561,744 shares, compared to its average volume of 2,708,855. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.70 and a beta of 1.20. The company has a current ratio of 1.84, a quick ratio of 1.48 and a debt-to-equity ratio of 0.66. BorgWarner has a fifty-two week low of $29.51 and a fifty-two week high of $38.22. The firm has a 50-day moving average of $34.08 and a 200-day moving average of $33.91.

BorgWarner (NYSE:BWA - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.17. The firm had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.50 billion. BorgWarner had a return on equity of 15.51% and a net margin of 6.33%. The business's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Equities research analysts predict that BorgWarner will post 4.23 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Tania Wingfield sold 2,066 shares of BorgWarner stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.00, for a total transaction of $66,112.00. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

BWA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on BorgWarner from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on BorgWarner from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Monday. UBS Group upped their price objective on BorgWarner from $41.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Wells Fargo & Company reduced their price objective on BorgWarner from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, August 1st. Finally, Wolfe Research started coverage on BorgWarner in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, BorgWarner has an average rating of "Moderate Buy" and a consensus target price of $41.44.

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.