Richard R. Crowell Sells 1,600 Shares of RBC Bearings Incorporated (NASDAQ:ROLL) Stock

RBC Bearings Incorporated (NASDAQ:ROLLGet Rating) Director Richard R. Crowell sold 1,600 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $233.27, for a total transaction of $373,232.00. Following the completion of the sale, the director now owns 30,070 shares in the company, valued at approximately $7,014,428.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

RBC Bearings Price Performance

NASDAQ ROLL opened at $225.68 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.13 and a current ratio of 2.77. The firm’s 50 day moving average price is $238.64 and its 200-day moving average price is $202.24. RBC Bearings Incorporated has a 52-week low of $152.90 and a 52-week high of $264.94. The company has a market cap of $6.53 billion, a PE ratio of 109.55, a P/E/G ratio of 5.41 and a beta of 1.34.

RBC Bearings (NASDAQ:ROLLGet Rating) last released its quarterly earnings data on Thursday, August 4th. The industrial products company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.39. RBC Bearings had a net margin of 6.21% and a return on equity of 6.08%. The firm had revenue of $354.08 million for the quarter, compared to the consensus estimate of $362.13 million. During the same period last year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 126.7% on a year-over-year basis. Sell-side analysts forecast that RBC Bearings Incorporated will post 7.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bartlett & Co. LLC purchased a new position in shares of RBC Bearings during the second quarter worth $25,000. Castle Wealth Management LLC purchased a new position in shares of RBC Bearings during the second quarter worth $28,000. Venture Visionary Partners LLC purchased a new position in shares of RBC Bearings during the second quarter worth $32,000. Private Trust Co. NA purchased a new position in shares of RBC Bearings during the second quarter worth $35,000. Finally, HM Payson & Co. purchased a new position in shares of RBC Bearings during the first quarter worth $50,000.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ROLL shares. Morgan Stanley upped their target price on shares of RBC Bearings from $263.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. Bank Of America (Bofa) downgraded shares of RBC Bearings from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 14th. Royal Bank of Canada downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating and cut their price target for the company from $218.00 to $193.00 in a report on Thursday, June 23rd. They noted that the move was a valuation call. StockNews.com upgraded shares of RBC Bearings from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Truist Financial cut their price target on shares of RBC Bearings from $250.00 to $235.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $235.71.

RBC Bearings Company Profile

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RBC Bearings Incorporated manufactures and markets engineered precision bearings and components 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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Insider Buying and Selling by Quarter for RBC Bearings (NASDAQ:ROLL)

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