BorgWarner Inc. (BWA) Plans Quarterly Dividend of $0.17
BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.17 per share by the auto parts company on Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. This is an increase from BorgWarner’s previous quarterly dividend of $0.14.
BorgWarner has increased its dividend payment by an average of 28.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. BorgWarner has a payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BorgWarner to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 13.8%.
BorgWarner (NYSE:BWA) traded down $0.20 during midday trading on Thursday, hitting $51.99. The stock had a trading volume of 739,345 shares, compared to its average volume of 1,438,068. The firm has a market cap of $11,047.94, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.52 and a beta of 1.75. BorgWarner has a fifty-two week low of $33.09 and a fifty-two week high of $53.84. The company has a quick ratio of 1.10, a current ratio of 1.43 and a debt-to-equity ratio of 0.53.
BorgWarner (NYSE:BWA) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.26 billion. BorgWarner had a return on equity of 21.48% and a net margin of 3.09%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. equities analysts expect that BorgWarner will post 3.82 earnings per share for the current fiscal year.
Several brokerages recently commented on BWA. Royal Bank Of Canada reiterated a “hold” rating and set a $44.00 target price on shares of BorgWarner in a report on Wednesday, July 12th. BidaskClub downgraded BorgWarner from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded BorgWarner from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Tuesday, September 5th. Deutsche Bank AG raised their target price on BorgWarner from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Barclays PLC set a $46.00 target price on BorgWarner and gave the company a “hold” rating in a report on Sunday, August 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $47.72.
In related news, insider Brady D. Ericson sold 11,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $45.38, for a total transaction of $501,539.76. Following the completion of the transaction, the insider now owns 23,418 shares in the company, valued at approximately $1,062,708.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tonit M. Calaway sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the transaction, the executive vice president now owns 34,120 shares of the company’s stock, valued at approximately $1,535,058.80. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
BorgWarner Company Profile
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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