Hilltop National Bank Buys Shares of 643 RBC Bearings Incorporated $RBC

Hilltop National Bank acquired a new stake in shares of RBC Bearings Incorporated (NYSE:RBC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 643 shares of the industrial products company’s stock, valued at approximately $247,000.

Other hedge funds also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in RBC Bearings during the first quarter valued at $25,000. Advisors Asset Management Inc. purchased a new stake in shares of RBC Bearings during the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of RBC Bearings by 109.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 59 shares during the last quarter. Golden State Wealth Management LLC increased its position 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 valued at $85,000 after purchasing an additional 136 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in RBC Bearings by 80.8% during the first quarter. UMB Bank n.a. now owns 311 shares of the industrial products company’s stock valued at $100,000 after buying an additional 139 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RBC. KeyCorp upped their target price on shares of RBC Bearings from $405.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group upped their price objective on RBC Bearings from $375.00 to $416.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Truist Financial upped their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Zacks Research upgraded RBC Bearings from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of RBC Bearings in a research report on Saturday, September 27th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $425.17.

Insider Activity

In other RBC Bearings news, COO Daniel A. Bergeron sold 48,743 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were 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 directly owned 111,134 shares of the company’s stock, valued at $44,759,218.50. This trade represents a 30.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John J. Feeney sold 105 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $382.83, for a total transaction of $40,197.15. Following the sale, the vice president directly owned 2,666 shares of the company’s stock, valued at approximately $1,020,624.78. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

RBC Bearings Trading Down 0.3%

Shares of RBC stock opened at $373.94 on Friday. RBC Bearings Incorporated has a 52-week low of $272.50 and a 52-week high of $416.33. 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 firm has a market capitalization of $11.80 billion, a PE ratio of 47.10, a PEG ratio of 2.90 and a beta of 1.71. The stock has a fifty day simple moving average of $389.79 and a two-hundred day simple moving average of $368.20.

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

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.