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

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, June 3rd.

BorgWarner has decreased its dividend by an average of 6.3% annually over the last three years. BorgWarner has a dividend payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 1.1 %

BorgWarner stock opened at $33.19 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $32.65 and a two-hundred day moving average price of $33.99. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.01 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 posted its earnings results on Thursday, February 8th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.03). The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.62 billion. BorgWarner had a net margin of 3.94% and a return on equity of 14.69%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. Sell-side analysts expect that BorgWarner will post 3.89 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on BWA. Robert W. Baird cut shares of BorgWarner from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $39.00 in a report on Wednesday, January 3rd. Piper Sandler began coverage on shares of BorgWarner in a report on Friday, March 15th. They issued an “overweight” rating and a $43.00 price objective for the company. Barclays increased their price objective on shares of BorgWarner from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group decreased their price objective on shares of BorgWarner from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Finally, StockNews.com cut shares of BorgWarner from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BorgWarner currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.30.

Insider Activity at BorgWarner

In related news, CEO Frederic Lissalde sold 225,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $31.08, for a total value of $7,020,972.00. Following the completion of the sale, the chief executive officer now owns 455,227 shares in the company, valued at approximately $14,148,455.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BorgWarner news, CAO Tonit M. Calaway sold 35,603 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $32.15, for a total value of $1,144,636.45. Following the completion of the sale, the chief accounting officer now owns 83,348 shares in the company, valued at approximately $2,679,638.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederic Lissalde sold 225,900 shares of the 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 completion of the sale, the chief executive officer now owns 455,227 shares of the company’s stock, valued at approximately $14,148,455.16. The disclosure for this sale can be found here. In 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.

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.