Sequoia Financial Advisors LLC purchased a new position in RBC Bearings Incorporated (NYSE:RBC – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 893 shares of the industrial products company’s stock, valued at approximately $400,000.
A number of other institutional investors have also recently bought and sold shares of RBC. Artisan Partners Limited Partnership increased its stake in RBC Bearings by 51.7% in the 3rd quarter. Artisan Partners Limited Partnership now owns 619,592 shares of the industrial products company’s stock worth $241,821,000 after purchasing an additional 211,093 shares in the last quarter. Invesco Ltd. increased its stake in RBC Bearings by 60.5% in the 3rd quarter. Invesco Ltd. now owns 381,161 shares of the industrial products company’s stock worth $148,763,000 after purchasing an additional 143,710 shares in the last quarter. First Trust Advisors LP grew its stake in RBC Bearings by 36.4% during the 3rd quarter. First Trust Advisors LP now owns 352,734 shares of the industrial products company’s stock valued at $137,669,000 after acquiring an additional 94,203 shares in the last quarter. American Century Companies Inc. grew its stake in RBC Bearings by 34.8% during the 3rd quarter. American Century Companies Inc. now owns 207,604 shares of the industrial products company’s stock valued at $81,026,000 after acquiring an additional 53,622 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in RBC Bearings by 2,020.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 54,276 shares of the industrial products company’s stock valued at $21,183,000 after acquiring an additional 51,716 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. KeyCorp lifted their target price on RBC Bearings from $595.00 to $680.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $600.00 target price on shares of RBC Bearings in a research note on Friday, February 6th. Wall Street Zen cut RBC Bearings from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Zacks Research raised RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Truist Financial raised RBC Bearings to a “strong-buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $574.67.
More RBC Bearings News
Here are the key news stories impacting RBC Bearings this week:
- Positive Sentiment: RBC Bearings beat quarterly earnings and revenue estimates, with especially strong growth in aerospace and defense sales, which is supporting investor optimism. RBC Bearings Incorporated Announces Fiscal Fourth Quarter and Full Year 2026 Results
- Positive Sentiment: The company issued first-quarter FY2027 revenue guidance of $500 million to $510 million, above the market’s expectation of about $497.3 million, suggesting management sees continued demand momentum. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months
- Positive Sentiment: Management said it is targeting a doubling of marine revenue over the next 24–36 months, pointing to a longer-term growth opportunity beyond the current quarter. RBC Bearings forecasts $500m-$510m Q1 FY2027 revenue while targeting marine revenue doubling in 24-36 months
RBC Bearings Trading Up 0.2%
Shares of NYSE RBC opened at $570.05 on Monday. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 62.71, a PEG ratio of 2.72 and a beta of 1.47. The business has a 50 day simple moving average of $573.65 and a 200 day simple moving average of $513.16. RBC Bearings Incorporated has a 52 week low of $350.58 and a 52 week high of $632.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 2.18.
RBC Bearings (NYSE:RBC – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The industrial products company reported $3.62 EPS for the quarter, beating the consensus estimate of $3.31 by $0.31. The business had revenue of $518.00 million during the quarter, compared to analysts’ expectations of $505.90 million. RBC Bearings had a return on equity of 11.35% and a net margin of 15.37%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.83 EPS. On average, research analysts predict that RBC Bearings Incorporated will post 13.64 earnings per share for the current fiscal year.
RBC Bearings Company Profile
RBC Bearings Incorporated is a global designer, manufacturer and marketer of highly engineered precision bearings and components for extreme applications. The company’s product portfolio includes cylindrical roller bearings, spherical plain bearings, ball bearings, track rollers, and engineered components such as metal-to-metal and polymer bearings. These products are tailored to meet the demanding requirements of aerospace, defense and industrial customers where reliability under severe conditions is critical.
The company’s bearings and components find application in aircraft engines, auxiliary power units, landing gear systems, space and missile programs, industrial gas turbines, oil and gas drilling equipment, and heavy machinery.
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