1,951 Shares in RBC Bearings Incorporated $RBC Bought by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 1,951 shares of RBC Bearings, valued at approximately $635,000, during the 1st quarter of the year.
• RBC Bearings reported earnings of $2.84 per share for the last quarter, exceeding estimates, with projected earnings of 9.16 per share for the current fiscal year.
• Multiple institutional investors have increased their stakes in RBC Bearings, indicating growing confidence in the company, with price targets reaching as high as $480.00 from research analysts.

United Services Automobile Association purchased a new position in RBC Bearings Incorporated (NYSE:RBC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,951 shares of the industrial products company's stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in shares of RBC Bearings by 2.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 211,744 shares of the industrial products company's stock worth $68,133,000 after buying an additional 4,253 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of RBC Bearings by 64.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,111 shares of the industrial products company's stock worth $357,000 after buying an additional 434 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of RBC Bearings by 77.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 2,079 shares of the industrial products company's stock worth $669,000 after buying an additional 910 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of RBC Bearings by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 208,308 shares of the industrial products company's stock worth $67,028,000 after buying an additional 7,981 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of RBC Bearings by 32.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,229 shares of the industrial products company's stock worth $395,000 after buying an additional 303 shares during the last quarter.

Insider Buying and Selling at RBC Bearings

In other news, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the transaction, the chief operating officer directly owned 111,134 shares of the company's stock, valued at $44,759,218.50. This represents a 30.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael H. Ambrose sold 595 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $367.32, for a total value of $218,555.40. Following the transaction, the director directly owned 6,985 shares in the company, valued at $2,565,730.20. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RBC. KeyCorp upped their price target on RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Morgan Stanley reiterated an "overweight" rating and set a $415.00 target price (up from $390.00) on shares of RBC Bearings in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft began coverage on RBC Bearings in a research note on Wednesday, July 16th. They set a "buy" rating and a $480.00 target price on the stock. The Goldman Sachs Group increased their target price on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Truist Financial increased their target price on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $425.17.

RBC Bearings Stock Performance

Shares of NYSE RBC traded down $9.74 during midday trading on Friday, hitting $375.35. 133,571 shares of the stock traded hands, compared to its average volume of 164,881. The firm has a 50-day moving average of $391.19 and a two-hundred day moving average of $364.66. The firm has a market capitalization of $11.85 billion, a P/E ratio of 47.27, a PEG ratio of 2.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33.

RBC Bearings (NYSE:RBC - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.10. The firm had revenue of $436.00 million for the quarter, compared to analysts' expectations of $432.63 million. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 EPS. RBC Bearings has set its Q2 2026 guidance at EPS. On average, equities analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

RBC Bearings Company 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.