RBC Bearings (NYSE:RBC) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of RBC Bearings Incorporated NYSE: RBC. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in RBC Bearings stock on April 9th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

RBC Bearings Stock Up 0.2%

RBC stock traded up $0.59 during trading on Wednesday, reaching $373.89. 26,379 shares of the stock were exchanged, compared to its average volume of 158,856. The firm's 50 day moving average is $335.15 and its 200 day moving average is $331.40. The firm has a market cap of $11.74 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 4.42 and a beta of 1.66. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. RBC Bearings Incorporated has a twelve month low of $260.53 and a twelve month high of $380.49.

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 firm had revenue of $437.70 million during the quarter, compared to the consensus estimate of $440.26 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RBC. Jane Street Group LLC grew its position in RBC Bearings by 198.2% in the 1st quarter. Jane Street Group LLC now owns 4,861 shares of the industrial products company's stock worth $1,564,000 after purchasing an additional 3,231 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of RBC Bearings by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,770 shares of the industrial products company's stock valued at $21,163,000 after acquiring an additional 923 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of RBC Bearings during the first quarter valued at approximately $635,000. Goldman Sachs Group Inc. lifted its holdings in RBC Bearings by 2.0% during the first quarter. Goldman Sachs Group Inc. now owns 211,744 shares of the industrial products company's stock worth $68,133,000 after acquiring an additional 4,253 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in RBC Bearings by 64.1% in the first quarter. Jones Financial Companies Lllp now owns 1,111 shares of the industrial products company's stock worth $357,000 after purchasing an additional 434 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on RBC. KeyCorp upped their price objective on shares of RBC Bearings from $375.00 to $395.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Morgan Stanley upped their target price on shares of RBC Bearings from $390.00 to $415.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Truist Financial reiterated a "buy" rating and set a $405.00 price target (up previously from $375.00) on shares of RBC Bearings in a research note on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, RBC Bearings currently has an average rating of "Moderate Buy" and an average target price of $365.20.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.