BorgWarner Inc. (BWA) To Go Ex-Dividend on March 3rd

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, February 5th, NASDAQ Dividends reports. Investors 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 yield of 1.48%. The ex-dividend date of this dividend is Monday, March 3rd.

BorgWarner has decreased its dividend payment by an average of 13.5% annually over the last three years. BorgWarner has a payout ratio of 9.2% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of BWA stock opened at $29.80 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 1.45. BorgWarner has a fifty-two week low of $28.65 and a fifty-two week high of $38.22. The stock’s 50-day moving average is $31.28 and its two-hundred day moving average is $33.00. The firm has a market cap of $6.52 billion, a P/E ratio of 20.84, a PEG ratio of 0.77 and a beta of 1.18.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.01 earnings per share 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%. Analysts predict that BorgWarner will post 4.28 earnings per share for the current fiscal year.

Insider Activity at BorgWarner

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

Analyst Ratings Changes

Several research analysts have weighed in on BWA shares. Wells Fargo & Company upped their target price on BorgWarner from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Barclays lowered their price objective on BorgWarner from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on BorgWarner from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Evercore ISI lowered their price objective on BorgWarner from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price objective on BorgWarner from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.