Nomura Holdings Inc. Makes New $1.24 Million Investment in RBC Bearings Incorporated (NYSE:RBC)

Nomura Holdings Inc. bought a new stake in shares of RBC Bearings Incorporated (NYSE:RBC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,145 shares of the industrial products company's stock, valued at approximately $1,240,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of RBC Bearings by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 199,174 shares of the industrial products company's stock valued at $59,581,000 after purchasing an additional 1,103 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of RBC Bearings by 39.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 222,430 shares of the industrial products company's stock valued at $66,247,000 after purchasing an additional 62,706 shares in the last quarter. Callan Family Office LLC increased its holdings in shares of RBC Bearings by 251.7% during the 4th quarter. Callan Family Office LLC now owns 2,416 shares of the industrial products company's stock valued at $723,000 after purchasing an additional 1,729 shares in the last quarter. Advantage Alpha Capital Partners LP increased its holdings in shares of RBC Bearings by 35.3% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 18,514 shares of the industrial products company's stock valued at $5,545,000 after purchasing an additional 4,835 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of RBC Bearings by 5.6% during the 4th quarter. Rhumbline Advisers now owns 82,366 shares of the industrial products company's stock valued at $24,639,000 after purchasing an additional 4,367 shares in the last quarter.

RBC Bearings Price Performance

NYSE RBC traded up $0.66 on Friday, hitting $360.43. The company had a trading volume of 176,228 shares, compared to its average volume of 159,071. The company has a market capitalization of $11.32 billion, a PE ratio of 49.51, a PEG ratio of 4.42 and a beta of 1.66. The company's fifty day moving average price is $336.53 and its 200-day moving average price is $332.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 1.18. RBC Bearings Incorporated has a 12-month low of $260.53 and a 12-month high of $380.49.

RBC Bearings (NYSE:RBC - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The industrial products company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.70 by $0.13. The company had revenue of $437.70 million during the quarter, compared to analyst estimates of $440.26 million. RBC Bearings had a net margin of 14.59% and a return on equity of 10.06%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 EPS. As a group, analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and set a $405.00 target price (up from $375.00) on shares of RBC Bearings in a report on Monday, May 19th. Morgan Stanley reaffirmed an "overweight" rating and set a $415.00 target price (up from $390.00) on shares of RBC Bearings in a report on Tuesday. Finally, KeyCorp boosted their price target on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $365.20.

RBC Bearings Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.