John J. Feeney, the Vice President and Secretary of RBC Bearings Inc . (NASDAQ:NYSE:RBC), recently sold shares of the company's common stock. According to a Form 4 filing with the Securities and Exchange Commission, Feeney sold a total of 304 shares on November 26, 2024, at an average price of $340.23 per share. This transaction amounted to approximately $103,430.
Following the sale, Feeney holds 2,567 shares of RBC Bearings common stock. The filing also detailed various options to purchase common stock, with exercise prices ranging from $181.58 to $292.85, set to vest over the next several years.
In other recent news, RBC Bearings Incorporated reported a 3.2% increase in net sales year-over-year to $398 million in its Fiscal Q2 2025 Earnings Call, predominantly driven by a 12.5% growth in Aerospace & Defense (A&D) sales. The company's net income rose by 6% to $67 million, with an adjusted earnings per share (EPS) of $2.29. Despite challenges such as a Boeing (NYSE:BA) strike and Hurricane Helene, which impacted revenues by an estimated $4-5 million, the company remains optimistic about its future, particularly within its A&D segment.
On the other hand, BofA Securities downgraded RBC Bearings' stock from Buy to Neutral, citing concerns about macroeconomic conditions affecting key markets. However, the firm increased its price target to $335 from the previous $330. Despite acknowledging the company's reputation as a quality business, the analyst expressed reservations about the potential for additional growth beyond what is already anticipated.
For Q3 2025, RBC Bearings projects revenue to be between $390-$400 million, with expected gross margins of 42.5%-43.5%. The company also anticipates a rebound in the industrial sector in the latter half of the year. These recent developments reflect RBC Bearings' resilience in navigating industry challenges and its focus on growth and margin improvement strategies.
InvestingPro Insights
As John J. Feeney's recent stock sale draws attention, it's worth examining RBC Bearings' current market position. According to InvestingPro data, the company boasts a market capitalization of $10.62 billion, reflecting its substantial presence in the bearings and engineered products industry.
RBC Bearings' financial performance has been noteworthy, with a revenue of $1.59 billion over the last twelve months as of Q2 2025, representing a 4.81% growth. The company's profitability is evident from its adjusted operating income of $357.5 million and an impressive operating income margin of 22.46% for the same period.
InvestingPro Tips highlight that RBC Bearings is trading near its 52-week high, with a strong return over the last month and three months. This aligns with Feeney's decision to sell shares, potentially capitalizing on the stock's recent performance. The company's P/E ratio of 49.13 suggests that investors are willing to pay a premium for RBC's earnings, indicating confidence in its future prospects.
However, investors should note that RBC's stock is considered to be trading at a high earnings multiple, according to another InvestingPro Tip. This could imply that the stock is relatively expensive compared to its peers or historical valuations.
For those interested in a deeper analysis, InvestingPro offers 17 additional tips for RBC Bearings, providing a more comprehensive view of the company's financial health and market position. These insights can be particularly valuable for investors looking to make informed decisions in light of insider transactions like Feeney's recent sale.
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