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

Key Points

• RBC Bearings has received a consensus recommendation of "Moderate Buy" from eight analysts, with a twelve-month price target averaging $425.17.
• In its recent earnings report, RBC posted $2.84 EPS for the quarter, exceeding estimates and representing a 7.3% year-over-year revenue increase.
• Insider selling occurred when COO Daniel A. Bergeron sold 48,743 shares for over $19.6 million, marking a 30.49% decrease in his position.

Shares of RBC Bearings Incorporated (NYSE:RBC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $425.1667.

RBC has been the topic of several analyst reports. Truist Financial increased their target price on RBC Bearings from $431.00 to $455.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. The Goldman Sachs Group increased their price target on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft initiated coverage on RBC Bearings in a research note on Wednesday, July 16th. They issued a "buy" rating and a $480.00 price target for the company. KeyCorp increased 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. Finally, Zacks Research raised RBC Bearings from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th.

Insider Activity

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 value of $19,631,243.25. Following the completion of the transaction, the chief operating officer owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. This represents a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in RBC Bearings by 137.7% during the second quarter. Osaic Holdings Inc. now owns 1,400 shares of the industrial products company's stock valued at $518,000 after buying an additional 811 shares in the last quarter. Centaurus Financial Inc. boosted its stake in RBC Bearings by 12.5% during the second quarter. Centaurus Financial Inc. now owns 4,035 shares of the industrial products company's stock valued at $1,553,000 after buying an additional 449 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in RBC Bearings by 6.7% during the second quarter. Orion Porfolio Solutions LLC now owns 21,899 shares of the industrial products company's stock valued at $8,427,000 after buying an additional 1,372 shares in the last quarter. Squarepoint Ops LLC boosted its stake in RBC Bearings by 75.0% during the second quarter. Squarepoint Ops LLC now owns 12,600 shares of the industrial products company's stock valued at $4,848,000 after buying an additional 5,398 shares in the last quarter. Finally, KP Management LLC bought a new position in RBC Bearings during the second quarter valued at about $770,000.

RBC Bearings Stock Performance

NYSE RBC traded down $2.11 during trading hours on Friday, hitting $381.39. The company had a trading volume of 58,711 shares, compared to its average volume of 168,606. RBC Bearings has a fifty-two week low of $272.50 and a fifty-two week high of $416.33. 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 business has a fifty day simple moving average of $391.30 and a 200-day simple moving average of $365.92. The firm has a market cap of $12.04 billion, a P/E ratio of 48.03, a price-to-earnings-growth ratio of 2.94 and a beta of 1.73.

RBC Bearings (NYSE:RBC - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.10. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The firm had revenue of $436.00 million for the quarter, compared to analyst estimates of $432.63 million. During the same period last year, the company earned $2.54 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. RBC Bearings has set its Q2 2026 guidance at EPS. Equities analysts predict 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.