BorgWarner (NYSE:BWA) Sets New 12-Month High Following Dividend Announcement

BorgWarner Inc. (NYSE:BWA) shares hit a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as $49.83 and last traded at $50.0080, with a volume of 112871 shares trading hands. The stock had previously closed at $48.57.

The newly announced dividend which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.68 annualized dividend and a yield of 1.3%. BorgWarner’s dividend payout ratio is presently 107.94%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BWA shares. UBS Group raised their price target on shares of BorgWarner from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Barclays raised their target price on BorgWarner from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Robert W. Baird set a $55.00 price target on BorgWarner in a research report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price objective on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BorgWarner in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BorgWarner has a consensus rating of “Moderate Buy” and a consensus target price of $47.31.

BorgWarner Stock Performance

The company has a 50-day simple moving average of $46.39 and a two-hundred day simple moving average of $43.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The firm has a market capitalization of $11.17 billion, a P/E ratio of 82.91, a PEG ratio of 1.02 and a beta of 1.09.

Insider Buying and Selling

In other news, VP Stefan Demmerle sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were 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 in the company, valued at approximately $9,515,500.80. The trade was a 6.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On BorgWarner

Several hedge funds have recently bought and sold shares of the business. Arjuna Capital increased its holdings in BorgWarner by 0.6% in the 4th quarter. Arjuna Capital now owns 34,932 shares of the auto parts company’s stock valued at $1,574,000 after purchasing an additional 215 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its position in shares of BorgWarner by 3.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 7,970 shares of the auto parts company’s stock worth $267,000 after buying an additional 265 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of BorgWarner by 4.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 6,832 shares of the auto parts company’s stock valued at $300,000 after buying an additional 272 shares in the last quarter. Seeds Investor LLC raised its holdings in shares of BorgWarner by 5.7% in the 4th quarter. Seeds Investor LLC now owns 5,086 shares of the auto parts company’s stock valued at $229,000 after buying an additional 274 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of BorgWarner by 0.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,885 shares of the auto parts company’s stock valued at $3,239,000 after buying an additional 281 shares during the period. Institutional investors own 95.67% of the company’s stock.

About BorgWarner

BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.

Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.