Analysts Set RBC Bearings Incorporated (NYSE:RBC) PT at $354.20

Shares of RBC Bearings Incorporated (NYSE:RBC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $354.20.

Several equities research analysts recently commented on RBC shares. Morgan Stanley increased their price objective on RBC Bearings from $360.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Truist Financial dropped their target price on RBC Bearings from $410.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp raised their target price on RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. bought a new position in shares of RBC Bearings in the first quarter worth about $25,000. Advisors Asset Management Inc. bought a new position in shares of RBC Bearings in the first quarter worth about $26,000. R Squared Ltd bought a new position in shares of RBC Bearings in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of RBC Bearings by 109.3% in the first 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 period. Finally, Golden State Wealth Management LLC bought a new position in shares of RBC Bearings in the fourth quarter worth about $38,000.

RBC Bearings Stock Performance

Shares of RBC Bearings stock traded up $1.08 during trading on Wednesday, hitting $368.35. 248,927 shares of the company's stock traded hands, compared to its average volume of 160,654. 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 has a 1 year low of $260.53 and a 1 year high of $372.95. The stock has a market capitalization of $11.57 billion, a P/E ratio of 50.60, a PEG ratio of 4.42 and a beta of 1.66. The business has a 50-day simple moving average of $333.48 and a 200-day simple moving average of $329.81.

RBC Bearings (NYSE:RBC - Get Free Report) last released its quarterly earnings data on Friday, May 16th. The industrial products company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.70 by $0.13. RBC Bearings had a return on equity of 10.06% and a net margin of 14.59%. The company had revenue of $437.70 million for the quarter, compared to analysts' expectations of $440.26 million. During the same period last year, the firm posted $2.47 earnings per share. RBC Bearings's revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast 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.