RBC Bearings Incorporated (NYSE:RBC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• RBC Bearings Incorporated (NYSE:RBC) has received a consensus rating of "Moderate Buy" from eight research firms, with a target price averaging approximately $425.17.
• The company recently reported quarterly earnings of $2.84 per share, surpassing analyst expectations, and recorded a revenue of $436 million, which is a 7.3% increase year-over-year.
• Significant insider selling occurred, with COO Daniel A. Bergeron selling 48,743 shares valued at over $19.6 million in August, indicating a 30.49% decrease in ownership.

RBC Bearings Incorporated (NYSE:RBC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $425.1667.

A number of research analysts have recently weighed in on RBC shares. The Goldman Sachs Group lifted their price objective on RBC Bearings from $375.00 to $416.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Zacks Research upgraded shares of RBC Bearings from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley reiterated an "overweight" rating and set a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They set a "buy" rating and a $480.00 price objective on the stock. Finally, 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 research note on Tuesday, July 15th.

Insider Activity at RBC Bearings

In other RBC Bearings news, Director Michael H. Ambrose sold 595 shares of the stock in a transaction dated 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 in the company, valued at $2,565,730.20. This represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven H. Kaplan sold 400 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $381.30, for a total transaction of $152,520.00. Following the transaction, the director owned 2,499 shares in the company, valued at approximately $952,868.70. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,716 shares of company stock valued at $48,818,116 in the last quarter. Corporate insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new stake in RBC Bearings during the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. purchased a new stake in RBC Bearings during the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. raised its position in RBC Bearings by 1,257.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 95 shares of the industrial products company's stock worth $37,000 after buying an additional 88 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in RBC Bearings by 123.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 53 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 buying an additional 59 shares during the last quarter.

RBC Bearings Stock Performance

RBC traded down $9.48 during midday trading on Wednesday, hitting $389.23. 202,052 shares of the company traded hands, compared to its average volume of 180,820. The company has a quick ratio of 1.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $12.28 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 3.02 and a beta of 1.71. The company's 50-day moving average is $391.49 and its 200 day moving average is $363.30. RBC Bearings has a 52 week low of $272.50 and a 52 week high of $416.33.

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