RBC Bearings (NYSE:RBC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

RBC Bearings Incorporated (NYSE:RBC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $466.99 and traded as high as $537.64. RBC Bearings shares last traded at $524.3420, with a volume of 173,315 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RBC shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $542.00 price target on shares of RBC Bearings in a research report on Monday, February 9th. Wall Street Zen cut shares of RBC Bearings from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Truist Financial lifted their price objective on RBC Bearings from $542.00 to $599.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $527.00 price target on shares of RBC Bearings and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RBC Bearings in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $574.67.

RBC Bearings Trading Down 1.5%

The firm’s 50 day simple moving average is $541.81 and its 200-day simple moving average is $466.99. The company has a market capitalization of $16.58 billion, a PE ratio of 61.69, a P/E/G ratio of 2.99 and a beta of 1.47. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 0.22.

RBC Bearings (NYSE:RBC) last issued its earnings results on Thursday, February 5th. The industrial products company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The business had revenue of $461.60 million for the quarter, compared to the consensus estimate of $460.69 million. RBC Bearings had a net margin of 15.00% and a return on equity of 10.86%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 EPS. As a group, equities research analysts anticipate that RBC Bearings Incorporated will post 9.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new stake in shares of RBC Bearings in the first quarter worth about $26,000. SBI Securities Co. Ltd. raised its holdings in shares of RBC Bearings by 106.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 64 shares of the industrial products company’s stock valued at $29,000 after buying an additional 33 shares during the period. Larson Financial Group LLC lifted its position in RBC Bearings by 148.5% during the 3rd quarter. Larson Financial Group LLC now owns 82 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 49 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in RBC Bearings during the 4th quarter worth approximately $35,000. Finally, Root Financial Partners LLC purchased a new position in RBC Bearings in the 3rd quarter worth approximately $36,000.

RBC Bearings Company Profile

RBC Bearings Incorporated is a global designer, manufacturer and marketer of highly engineered precision bearings and components for extreme applications. The company’s product portfolio includes cylindrical roller bearings, spherical plain bearings, ball bearings, track rollers, and engineered components such as metal-to-metal and polymer bearings. These products are tailored to meet the demanding requirements of aerospace, defense and industrial customers where reliability under severe conditions is critical.

The company’s bearings and components find application in aircraft engines, auxiliary power units, landing gear systems, space and missile programs, industrial gas turbines, oil and gas drilling equipment, and heavy machinery.