HB Wealth Management LLC Makes New $237,000 Investment in RBC Bearings Incorporated $RBC

HB Wealth Management LLC acquired a new position in RBC Bearings Incorporated (NYSE:RBC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 615 shares of the industrial products company’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of RBC Bearings in the 1st quarter worth $25,000. Advisors Asset Management Inc. purchased a new position in shares of RBC Bearings during the 1st quarter worth about $26,000. Golden State Wealth Management LLC boosted its stake in shares of RBC Bearings by 107.1% during the 1st quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 136 shares during the period. UMB Bank n.a. boosted its stake in shares of RBC Bearings by 80.8% during the 1st quarter. UMB Bank n.a. now owns 311 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 139 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of RBC Bearings during the 1st quarter worth about $111,000.

RBC Bearings Price Performance

Shares of NYSE RBC opened at $373.08 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33. The company has a market cap of $11.77 billion, a PE ratio of 46.99, a P/E/G ratio of 2.90 and a beta of 1.71. The business has a 50-day simple moving average of $389.31 and a two-hundred day simple moving average of $369.00. RBC Bearings Incorporated has a fifty-two week low of $272.50 and a fifty-two week high of $416.33.

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

Insider Buying and Selling

In related news, VP John J. Feeney sold 105 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $382.83, for a total value of $40,197.15. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel A. Bergeron sold 48,743 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $402.75, for a total value of $19,631,243.25. Following the completion of the transaction, the chief operating officer directly owned 111,134 shares in the company, valued at approximately $44,759,218.50. The trade was a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

RBC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RBC Bearings in a research note on Saturday, September 27th. The Goldman Sachs Group lifted their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Zacks Research raised shares of RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Truist Financial lifted their price objective on shares of RBC Bearings from $431.00 to $455.00 and gave the company a “buy” rating in a report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of RBC Bearings in a report on Wednesday, July 16th. They issued a “buy” rating and a $480.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, RBC Bearings presently has a consensus rating of “Moderate Buy” and an average target price of $425.17.

RBC Bearings 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.