RBC Bearings (NYSE:RBC) Stock Rating Lowered by Zacks Research

Key Points

• RBC Bearings has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research.
• The stock price target estimates have varied among analysts, with Goldman Sachs increasing theirs from $375 to $416, while Truist Financial raised theirs from $431 to $455.
• RBC Bearings reported a 7.3% year-over-year revenue increase, with earnings per share of $2.84, surpassing analyst expectations of $2.74.

RBC Bearings (NYSE:RBC - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

RBC has been the topic of several other reports. The Goldman Sachs Group lifted their price objective on RBC Bearings from $375.00 to $416.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Truist Financial increased their price objective on RBC Bearings from $431.00 to $455.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of RBC Bearings in a research note on Saturday, September 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of RBC Bearings in a research report on Wednesday, July 16th. They issued a "buy" rating and a $480.00 target price for the company. Finally, KeyCorp boosted their price target on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, RBC Bearings has an average rating of "Moderate Buy" and a consensus price target of $425.17.

RBC Bearings Trading Down 0.4%

Shares of NYSE:RBC opened at $373.08 on Monday. The business's 50 day moving average price is $389.31 and its 200-day moving average price is $369.00. RBC Bearings has a 1 year low of $272.50 and a 1 year high of $416.33. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 2.90 and a beta of 1.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33.

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 for the quarter, topping analysts' consensus estimates of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The company had revenue of $436.00 million during the quarter, compared to analysts' expectations of $432.63 million. During the same period in the prior year, the business posted $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. On average, equities research analysts forecast that RBC Bearings will post 9.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Daniel A. Bergeron sold 48,743 shares of RBC Bearings stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the sale, the chief operating officer owned 111,134 shares of the company's stock, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John J. Feeney sold 105 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $382.83, for a total value of $40,197.15. Following the completion of the transaction, the vice president owned 2,666 shares in the company, valued at $1,020,624.78. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Institutional Trading of RBC Bearings

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new position in RBC Bearings during the first quarter worth about $25,000. UMB Bank n.a. boosted its position in shares of 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 period. Wedmont Private Capital purchased a new position in shares of RBC Bearings during the 1st quarter worth approximately $205,000. Park Avenue Securities LLC increased its holdings in RBC Bearings by 50.8% in the 1st quarter. Park Avenue Securities LLC now owns 2,647 shares of the industrial products company's stock valued at $852,000 after purchasing an additional 892 shares during the last quarter. Finally, Portside Wealth Group LLC raised its position in RBC Bearings by 8.0% in the first quarter. Portside Wealth Group LLC now owns 846 shares of the industrial products company's stock valued at $272,000 after purchasing an additional 63 shares during the period.

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.

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