Daniel A. Bergeron, Vice President and COO of RBC Bearings Inc . (NASDAQ:NYSE:RBC), recently sold 17,500 shares of the company's common stock. The shares were sold at an average price of $320.64, totaling approximately $5.6 million. Following this transaction, Bergeron holds 111,408 shares, including restricted stock subject to vesting schedules.
In addition to the sale, Bergeron exercised options to acquire 17,500 shares at a price of $132.12 per share, totaling around $2.3 million. These transactions were reported in a recent SEC filing dated November 11, 2024.
In other recent news, RBC Bearings Incorporated reported a 3.2% increase in net sales to $398 million in its Fiscal Q2 2025 Earnings Call, primarily driven by a robust 12.5% growth in Aerospace & Defense (A&D) sales. Despite challenges such as a Boeing (NYSE:BA) strike and Hurricane Helene, which impacted revenues by an estimated $4-5 million, the company's net income saw a 6% rise to $67 million. The industrial segment sales declined slightly by 1.4%, but the company remains optimistic about its future, particularly with its A&D segment and industrial sector rebound. For Q3 2025, revenue is projected to be between $390-$400 million, with expected gross margins of 42.5%-43.5%. The A&D segment is expected to maintain positive performance, while the industrial segment is projected to rebound in the latter half of the year. These are some of the recent developments in the company.
InvestingPro Insights
The recent stock sale by RBC Bearings Inc.'s Vice President and COO Daniel A. Bergeron comes at a time when the company's stock is showing significant momentum. According to InvestingPro data, RBC has seen a strong 13.96% return over the last month and an impressive 39.94% return over the past year. This performance aligns with an InvestingPro Tip indicating that the stock has shown a "significant return over the last week," with a 11.2% gain in just seven days.
However, investors should note that RBC's current valuation metrics suggest the stock may be trading at a premium. The company's P/E ratio stands at 45.66, which an InvestingPro Tip characterizes as "trading at a high earnings multiple." This high valuation is further emphasized by the company's PEG ratio of 2.3, indicating that the stock is trading at a high P/E ratio relative to its near-term earnings growth prospects.
Despite the high valuation, RBC's financials appear solid. The company reported revenue of $1.59 billion in the last twelve months, with a healthy gross profit margin of 43.62%. An InvestingPro Tip also highlights that RBC "operates with a moderate level of debt," which could be seen as a positive factor for long-term stability.
For investors seeking a more comprehensive analysis, InvestingPro offers 16 additional tips for RBC Bearings Inc., providing a deeper insight into the company's financial health and market position.
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