United Services Automobile Association Makes New Investment in RBC Bearings Incorporated $RBC

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 acquired a new stake in RBC Bearings Incorporated (NYSE:RBC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,951 shares of the industrial products company's stock, valued at approximately $635,000.

A number of other large investors have also added to or reduced their stakes in RBC. NBC Securities Inc. bought a new position in RBC Bearings in the 1st quarter valued at approximately $25,000. Advisors Asset Management Inc. bought a new position in RBC Bearings in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in RBC Bearings by 109.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company's stock worth $36,000 after purchasing an additional 59 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in RBC Bearings by 107.1% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company's stock worth $85,000 after purchasing an additional 136 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company's stock worth $100,000 after purchasing an additional 139 shares during the last quarter.

RBC Bearings Stock Up 1.2%

NYSE RBC traded up $4.42 during mid-day trading on Monday, hitting $379.52. The company's stock had a trading volume of 34,395 shares, compared to its average volume of 166,027. The company's 50 day simple moving average is $391.19 and its 200 day simple moving average is $364.76. RBC Bearings Incorporated has a twelve month low of $272.50 and a twelve month high of $416.33. The company has a current ratio of 3.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 47.81, a PEG ratio of 2.91 and a beta of 1.73.

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

Analysts Set New Price Targets

Several research firms have issued reports on RBC. Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. KeyCorp raised their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley restated an "overweight" rating and set a $415.00 price target (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price target for the company. Finally, Truist Financial raised their price target on shares of RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, RBC Bearings currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.17.

Insiders Place Their Bets

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

About RBC Bearings

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.