BorgWarner Inc. to Issue Quarterly Dividend of $0.17 (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 1st will be given a dividend of 0.17 per share by the auto parts company on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, December 1st.

BorgWarner has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. BorgWarner has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BorgWarner to earn $4.87 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 14.0%.

BorgWarner Stock Performance

Shares of BorgWarner stock opened at $45.36 on Friday. The business’s 50 day moving average price is $43.71 and its 200 day moving average price is $38.31. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 1.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. BorgWarner has a one year low of $24.40 and a one year high of $46.39.

BorgWarner (NYSE:BWA) last issued its earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the business earned $1.09 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. On average, research analysts predict that BorgWarner will post 4.28 EPS for the current year.

Insider Activity

In other news, VP Stefan Demmerle sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $45.52, for a total transaction of $682,800.00. Following the sale, the vice president owned 209,040 shares of the company’s stock, valued at approximately $9,515,500.80. This trade represents a 6.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexis P. Michas sold 8,772 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $42.31, for a total value of $371,143.32. Following the sale, the director owned 78,903 shares of the company’s stock, valued at approximately $3,338,385.93. The trade was a 10.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,972 shares of company stock worth $1,425,479. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BorgWarner

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of BorgWarner by 1,133.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 714 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of BorgWarner by 81.8% in the 2nd quarter. Assetmark Inc. now owns 809 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 364 shares during the last quarter. Addison Advisors LLC boosted its position in shares of BorgWarner by 1,647.8% in the 2nd quarter. Addison Advisors LLC now owns 804 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 758 shares during the period. Root Financial Partners LLC purchased a new position in BorgWarner during the 3rd quarter worth approximately $27,000. Finally, Manchester Capital Management LLC acquired a new position in BorgWarner during the first quarter worth approximately $30,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.