United Services Automobile Association Makes New Investment in RBC Bearings Incorporated $RBC

United Services Automobile Association acquired a new position in RBC Bearings Incorporated (NYSE:RBC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,951 shares of the industrial products company’s stock, valued at approximately $635,000.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its position in shares of RBC Bearings by 50.8% during the 1st quarter. Park Avenue Securities LLC now owns 2,647 shares of the industrial products company’s stock valued at $852,000 after buying an additional 892 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of RBC Bearings during the 1st quarter valued at $253,000. Deutsche Bank AG lifted its position in shares of RBC Bearings by 2.9% during the 4th quarter. Deutsche Bank AG now owns 1,768 shares of the industrial products company’s stock valued at $529,000 after buying an additional 49 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of RBC Bearings by 21.3% during the 1st quarter. New York State Teachers Retirement System now owns 5,700 shares of the industrial products company’s stock valued at $1,834,000 after buying an additional 1,000 shares during the last quarter. Finally, Personal CFO Solutions LLC purchased a new position in shares of RBC Bearings during the 1st quarter valued at $296,000.

RBC Bearings Trading Down 1.9%

RBC stock opened at $374.85 on Wednesday. The company has a market capitalization of $11.83 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 2.96 and a beta of 1.73. RBC Bearings Incorporated has a one year low of $272.50 and a one year high of $416.33. The company’s 50 day moving average price is $391.63 and its two-hundred day moving average price is $364.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 3.33.

RBC Bearings (NYSE:RBC) last posted its quarterly earnings results 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. The firm had revenue of $436.00 million for the quarter, compared to the consensus estimate of $432.63 million. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.54 earnings per share. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, analysts predict that RBC Bearings Incorporated will post 9.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael J. Hartnett sold 9,000 shares of RBC Bearings stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $371.37, for a total value of $3,342,330.00. Following the transaction, the chief executive officer directly owned 302,853 shares of the company’s stock, valued at $112,470,518.61. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel A. Bergeron sold 48,743 shares of RBC Bearings stock in a transaction on 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 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. Insiders have sold a total of 58,338 shares of company stock valued at $23,192,129 over the last three months. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on RBC Bearings in a research report on Wednesday, July 16th. They set a “buy” rating and a $480.00 price target on the stock. KeyCorp increased their price objective on RBC Bearings from $405.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on RBC Bearings from $375.00 to $416.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley reissued an “overweight” rating and set a $415.00 price objective (up previously from $390.00) on shares of RBC Bearings in a report on Tuesday, May 20th. Finally, Truist Financial increased their price objective on RBC Bearings from $431.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, RBC Bearings presently has a consensus rating of “Moderate Buy” and a consensus target price of $425.17.

About RBC Bearings

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.