State of Alaska Department of Revenue Lowers Position in RBC Bearings Incorporated $RBC

State of Alaska Department of Revenue decreased its stake in shares of RBC Bearings Incorporated (NYSE:RBC) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,525 shares of the industrial products company’s stock after selling 135 shares during the quarter. State of Alaska Department of Revenue’s holdings in RBC Bearings were worth $1,356,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. First Bank & Trust raised its stake in RBC Bearings by 2.1% during the first quarter. First Bank & Trust now owns 2,165 shares of the industrial products company’s stock valued at $697,000 after buying an additional 44 shares during the last quarter. Sheets Smith Wealth Management raised its stake in RBC Bearings by 0.9% during the second quarter. Sheets Smith Wealth Management now owns 5,064 shares of the industrial products company’s stock valued at $1,949,000 after buying an additional 44 shares during the last quarter. Xponance Inc. raised its stake in RBC Bearings by 1.5% during the first quarter. Xponance Inc. now owns 3,491 shares of the industrial products company’s stock valued at $1,123,000 after buying an additional 51 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in RBC Bearings by 19.8% during the second quarter. Harbor Investment Advisory LLC now owns 327 shares of the industrial products company’s stock valued at $126,000 after buying an additional 54 shares during the last quarter. Finally, Vista Finance LLC raised its stake in RBC Bearings by 6.9% during the first quarter. Vista Finance LLC now owns 879 shares of the industrial products company’s stock valued at $283,000 after buying an additional 57 shares during the last quarter.

Insider Buying and Selling at RBC Bearings

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John J. Feeney sold 105 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $382.83, for a total value of $40,197.15. Following the sale, the vice president directly owned 2,666 shares of the company’s stock, valued at $1,020,624.78. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

RBC Bearings Stock Performance

Shares of RBC opened at $373.94 on Friday. 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 Incorporated has a one year low of $272.50 and a one year high of $416.33. The firm has a market capitalization of $11.80 billion, a P/E ratio of 47.10, a PEG ratio of 2.90 and a beta of 1.71. The business has a fifty day moving average of $389.79 and a 200 day moving average of $368.41.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.74 by $0.10. RBC Bearings had a return on equity of 10.14% and a net margin of 15.20%.The company had revenue of $436.00 million during the quarter, compared to analyst estimates of $432.63 million. During the same quarter in the previous year, the company posted $2.54 earnings per share. RBC Bearings’s revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on RBC Bearings in a research note on Wednesday, July 16th. They set a “buy” rating and a $480.00 price objective for the company. Truist Financial boosted their price target on RBC Bearings from $431.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of RBC Bearings in a research note on Saturday, September 27th. KeyCorp boosted their price target on RBC Bearings from $405.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Finally, Zacks Research upgraded RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, RBC Bearings presently has an average rating of “Moderate Buy” and an average target price of $425.17.

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.