1 week Ago By Defense World Staff
RBC Bearings Incorporated ( NYSE:RBC – Get Free Report ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $296.29 and traded as high as $299.
70. RBC Bearings shares last traded at $299.14, with a volume of 106,959 shares.
Analyst Ratings Changes Several brokerages have recently issued reports on RBC. KeyCorp upgraded RBC Bearings from a “sector weight” rating to an “overweight” rating and set a $375.00 price objective for the company in a research report on Friday, November 22nd.
William Blair restated an “outperform” rating on shares of RBC Bearings in a research report on Tuesday, November 26th. Bank of America downgraded RBC Bearings from a “buy” rating to a “neutral” rating and upped their target price for the stock from $330.00 to $335.
00 in a research report on Thursday, November 21st. Finally, Truist Financial upped their target price on RBC Bearings from $315.00 to $347.
00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RBC Bearings currently has an average rating of “Moderate Buy” and a consensus price target of $324.
67. Get Our Latest Stock Report on RBC RBC Bearings Price Performance RBC Bearings ( NYSE:RBC – Get Free Report ) last posted its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.
29 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.01).
The company had revenue of $397.90 million during the quarter, compared to the consensus estimate of $403.89 million.
RBC Bearings had a net margin of 14.06% and a return on equity of 9.88%.
RBC Bearings’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.
07 EPS. On average, sell-side analysts predict that RBC Bearings Incorporated will post 8.94 earnings per share for the current year.
Institutional Trading of RBC Bearings Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in RBC Bearings by 18.5% during the 3rd quarter.
Jane Street Group LLC now owns 16,536 shares of the industrial products company’s stock valued at $4,951,000 after purchasing an additional 2,584 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of RBC Bearings by 17.3% in the third quarter.
TimesSquare Capital Management LLC now owns 90,605 shares of the industrial products company’s stock worth $27,125,000 after acquiring an additional 13,395 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of RBC Bearings by 41.6% in the third quarter.
Segall Bryant & Hamill LLC now owns 29,715 shares of the industrial products company’s stock worth $8,896,000 after acquiring an additional 8,725 shares during the last quarter. Holocene Advisors LP increased its stake in shares of RBC Bearings by 69.4% in the third quarter.
Holocene Advisors LP now owns 12,396 shares of the industrial products company’s stock worth $3,711,000 after acquiring an additional 5,078 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of RBC Bearings by 7.
0% in the third quarter. Citigroup Inc. now owns 27,157 shares of the industrial products company’s stock worth $8,130,000 after acquiring an additional 1,770 shares during the last quarter.
About RBC Bearings ( Get Free Report ) 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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