RBC BearingsRBC
Market Cap: $8.42B
About: RBC Bearings Inc is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The end market is the United States of America. The company has two reportable segments: Aerospace Defense segment represents the end markets for the company's highly engineered bearings and precision components used in commercial aerospace, defense aerospace, and sea and ground defense applications; and Industrial segment represents the end markets for the company's engineered bearings and precision components used in various industrial applications. It derives maximum revenue from Industrial Segment.
Employees: 5,302
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
93% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 29
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
8% more funds holding
Funds holding: 341 [Q1] → 368 (+27) [Q2]
0% more capital invested
Capital invested by funds: $8.31B [Q1] → $8.35B (+$37M) [Q2]
0.45% more ownership
Funds ownership: 68.79% [Q1] → 69.24% (+0.45%) [Q2]
15% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 143
66% less call options, than puts
Call options by funds: $4.18M | Put options by funds: $12.4M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Truist Securities Michael Ciarmoli 64% 1-year accuracy 37 / 58 met price target | 9%upside $315 | Buy Maintained | 17 Jul 2024 |