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Tuesday, September 26, 2023

The Question Is Whether To Buy Or Not To Buy RBC Bearings Incorporated (NYSE: RBC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for RBC Bearings Incorporated (RBC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $5.58, or 2.39%, to $239.38. The RBC Bearings Incorporated has recorded 2,980 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

RBC Bearings Incorporated is listed on the NYSE as a member of the Industrials sector and is a part of the Tools & Accessories industry. At the end of the last regular session, the stock closed at $233.80 and fluctuated between $234.32 as its day high and $230.51 as its day low. The current market capitalization of RBC Bearings Incorporated is $6.70B. A total of 94182.0 shares were traded on the day, compared to an average of 227.20K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RBC has seen 7 BUY and 11 SELL insider trades, representing the acquisition of 16,696 and the disposition of 26,706 shares. Over the last 12 months, there were 19 BUYs and 22 SELLs from insiders. Insiders purchased 69,407 shares during that period but sold 39,700.

In the most recent transaction, Kaplan Steven H. sold 2,000 shares of RBC for 228.15 per share on Aug 30. After the transaction, the Director now owns 5,900 company shares. In a previous transaction on Jul 19, Ambrose Michael H. sold 400 shares at 220.00 per share. RBC shares that Director owns now total 6,800.

Among the insiders who sold shares, Stewart Edward disposed of 2,000 shares on Feb 28 at a per-share price of $235.32. This resulted in the Director holding 23,083 shares of RBC after the transaction. In another insider transaction, HARTNETT MICHAEL J sold 1,500 shares at $241.67 per share on Nov 28. Company shares held by the President and CEO now total 275,339.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. RBC’s most recent ex-dividend date was 5/28/2014 when it declared a $2.00 quarterly dividend that was paid in cash on 6/13/2014.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RBC in the last 3 months, the mean price target is $257.17 with high estimates of $294.00 and low estimates of $232.00. In terms of 52-week highs and lows, RBC has a high of $260.00 and a low of $195.18.

As of this writing, RBC has an earnings estimate of $2.06 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.15 per share and a lower estimate of $1.88. The company reported an EPS of $2.13 in the last quarter, which was 7.00% higher than expectations of $1.99.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RBC’s latest balance sheet shows that the firm has $182.86M in Cash & Short Term Investments as of fiscal 2022. There were $1.74B in debt and $313.46M in liabilities at the time. Its Book Value Per Share was $89.70, while its Total Shareholder’s Equity was $2.37B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBC is Buy with a score of 3.50.

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