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

RBC Bearings Incorporated (NYSE:RBC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $361.20.

Several brokerages have commented on RBC. William Blair restated an "outperform" rating on shares of RBC Bearings in a report on Tuesday, November 26th. KeyCorp raised their price objective on RBC Bearings from $375.00 to $395.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Morgan Stanley boosted their price objective on shares of RBC Bearings from $360.00 to $390.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Truist Financial raised their price objective on RBC Bearings from $351.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, February 3rd.

Insider Activity

In other RBC Bearings news, CFO Robert M. Sullivan sold 8,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $362.25, for a total value of $2,898,000.00. Following the transaction, the chief financial officer now owns 11,382 shares of the company's stock, valued at approximately $4,123,129.50. This represents a 41.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael H. Ambrose sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $362.89, for a total transaction of $145,156.00. Following the completion of the transaction, the director now directly owns 6,728 shares in the company, valued at approximately $2,441,523.92. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,900 shares of company stock valued at $3,963,031 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On RBC Bearings

Several institutional investors and hedge funds have recently bought and sold shares of RBC. R Squared Ltd purchased a new stake in shares of RBC Bearings in the fourth quarter worth $30,000. Golden State Wealth Management LLC purchased a new position in RBC Bearings in the 4th quarter worth approximately $38,000. UMB Bank n.a. boosted its stake in RBC Bearings by 84.9% in the 4th quarter. UMB Bank n.a. now owns 172 shares of the industrial products company's stock worth $51,000 after purchasing an additional 79 shares during the period. Harbor Investment Advisory LLC purchased a new stake in RBC Bearings during the 4th quarter valued at approximately $82,000. Finally, Quarry LP raised its position in shares of RBC Bearings by 1,003.7% during the third quarter. Quarry LP now owns 298 shares of the industrial products company's stock valued at $89,000 after buying an additional 271 shares during the last quarter.

RBC Bearings Trading Down 0.7 %

Shares of RBC stock traded down $2.22 during mid-day trading on Tuesday, reaching $332.89. The stock had a trading volume of 220,666 shares, compared to its average volume of 151,023. The company has a current ratio of 3.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $10.46 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 4.42 and a beta of 1.72. RBC Bearings has a 52-week low of $241.43 and a 52-week high of $372.83. The stock's 50-day moving average price is $343.42 and its two-hundred day moving average price is $318.16.

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.