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

RBC Bearings Incorporated (NYSE:RBC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $324.67.

A number of brokerages have recently issued reports on RBC. Bank of America downgraded RBC Bearings from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $330.00 to $335.00 in a research note on Thursday, November 21st. William Blair restated an "outperform" rating on shares of RBC Bearings in a report on Tuesday, November 26th. Truist Financial lifted their price objective on shares of RBC Bearings from $315.00 to $347.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, KeyCorp upgraded shares of RBC Bearings from a "sector weight" rating to an "overweight" rating and set a $375.00 price target for the company in a report on Friday, November 22nd.

Institutional Trading of RBC Bearings

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marco Investment Management LLC boosted its position in shares of RBC Bearings by 6.6% during the third quarter. Marco Investment Management LLC now owns 810 shares of the industrial products company's stock valued at $242,000 after buying an additional 50 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in RBC Bearings by 2.6% during the 3rd quarter. Raymond James Trust N.A. now owns 2,116 shares of the industrial products company's stock worth $633,000 after acquiring an additional 53 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in shares of RBC Bearings by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,621 shares of the industrial products company's stock worth $1,084,000 after acquiring an additional 58 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of RBC Bearings by 416.7% in the third quarter. UMB Bank n.a. now owns 93 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of RBC Bearings by 17.5% during the fourth quarter. GAMMA Investing LLC now owns 517 shares of the industrial products company's stock valued at $155,000 after purchasing an additional 77 shares in the last quarter.

RBC Bearings Trading Up 0.2 %

RBC stock traded up $0.60 during trading on Thursday, hitting $298.03. The company had a trading volume of 83,801 shares, compared to its average volume of 100,120. The stock has a market cap of $9.36 billion, a PE ratio of 43.51, a PEG ratio of 4.50 and a beta of 1.57. The business has a 50-day moving average of $316.78 and a 200-day moving average of $297.15. The company has a current ratio of 3.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.38. RBC Bearings has a one year low of $240.36 and a one year high of $346.77.

RBC Bearings (NYSE:RBC - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.29 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.01). RBC Bearings had a net margin of 14.06% and a return on equity of 9.88%. The firm had revenue of $397.90 million during the quarter, compared to the consensus estimate of $403.89 million. During the same period in the prior year, the company posted $2.07 earnings per share. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts predict that RBC Bearings will post 8.94 earnings per share for the current fiscal year.

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.