RBC Bearings Incorporated (NYSE:RBC – Get Free Report) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $584.00.
Several equities research analysts have recently issued reports on the company. Truist Financial reaffirmed a “buy” rating and set a $615.00 target price (up from $599.00) on shares of RBC Bearings in a research report on Tuesday, May 19th. Zacks Research lowered RBC Bearings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Morgan Stanley raised their target price on RBC Bearings from $600.00 to $640.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. KeyCorp raised their target price on RBC Bearings from $595.00 to $680.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Saturday.
View Our Latest Analysis on RBC
RBC Bearings Price Performance
RBC Bearings (NYSE:RBC – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The industrial products company reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.31. RBC Bearings had a return on equity of 11.35% and a net margin of 15.37%.The business had revenue of $518.00 million for the quarter, compared to analysts’ expectations of $505.90 million. During the same period last year, the business earned $2.83 EPS. The business’s revenue was up 18.3% on a year-over-year basis. As a group, analysts forecast that RBC Bearings will post 13.58 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Edward Stewart sold 600 shares of RBC Bearings stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $592.83, for a total value of $355,698.00. Following the completion of the sale, the director owned 21,337 shares of the company’s stock, valued at approximately $12,649,213.71. This trade represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John J. Feeney sold 225 shares of RBC Bearings stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $657.94, for a total value of $148,036.50. Following the completion of the sale, the vice president directly owned 2,378 shares of the company’s stock, valued at approximately $1,564,581.32. This trade represents a 8.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,425 shares of company stock valued at $885,401. 1.90% of the stock is owned by insiders.
Institutional Investors Weigh In On RBC Bearings
Several large investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in shares of RBC Bearings by 2.9% during the 1st quarter. Ritholtz Wealth Management now owns 594 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 17 shares during the last quarter. Assetmark Inc. boosted its position in shares of RBC Bearings by 3.5% during the 1st quarter. Assetmark Inc. now owns 557 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 19 shares during the last quarter. Lido Advisors LLC boosted its position in shares of RBC Bearings by 3.5% during the 4th quarter. Lido Advisors LLC now owns 647 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 22 shares during the last quarter. UMB Bank n.a. boosted its position in shares of RBC Bearings by 7.1% during the 4th quarter. UMB Bank n.a. now owns 348 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 23 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its position in shares of RBC Bearings by 45.3% during the 1st quarter. Millstone Evans Group LLC now owns 77 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 24 shares during the last quarter.
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.
Featured Stories
- Five stocks we like better than RBC Bearings
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.
