BWA - BorgWarner EVP Makes $4.50M Stock Purchase | Benzinga
Tonit M Calaway, EVP at BorgWarner (NYSE:BWA), disclosed an insider purchase on July 2, based on a new SEC filing.
What Happened: Calaway's recent purchase of 142,903 shares of BorgWarner, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, reflects confidence in the company's potential. The total transaction value is $4,500,015.
In the Wednesday's morning session, BorgWarner's shares are currently trading at $31.76, experiencing a down of 0.0%.
Get to Know BorgWarner Better
BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 14% and 11% of 2023 revenue, respectively. Geographically, Europe accounted for 36% of 2023 revenue, while Asia and North America were 34% and 29% apiece.
BorgWarner: Financial Performance Dissected
Revenue Growth: BorgWarner's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue ...