RBC Bearings Director Buys $117,080 in Stock (ROLL)
RBC Bearings (NASDAQ:ROLL) Director Edward Stewart bought 2,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $58.54 per share, with a total value of $117,080.00. Following the completion of the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $600,035. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of RBC Bearings (NASDAQ:ROLL) traded up 1.04% on Friday, hitting $59.00. The stock had a trading volume of 102,146 shares. RBC Bearings has a 1-year low of $50.00 and a 1-year high of $71.25. The stock has a 50-day moving average of $60.34 and a 200-day moving average of $62.27. The company has a market cap of $1.383 billion and a P/E ratio of 22.20.
RBC Bearings (NASDAQ:ROLL) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.01. The company had revenue of $113.00 million for the quarter, compared to the consensus estimate of $112.93 million. During the same quarter last year, the company posted $0.66 earnings per share. RBC Bearings’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that RBC Bearings will post $2.98 EPS for the current fiscal year.
ROLL has been the subject of a number of recent research reports. Analysts at Global Hunter Securities cut their price target on shares of RBC Bearings from $70.00 to $62.00 in a research note on Friday, August 8th. Analysts at Goldman Sachs downgraded shares of RBC Bearings from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $66.00 price target on the stock. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.75.
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.
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