RBC Stock Summary and Trading Ideas (RBC Bearings | NYSE:RBC)

RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.

RBC Bearings trades on the NYSE stock market under the symbol RBC.

As of April 26, 2024, RBC stock price climbed to $245.03 with 128,044 million shares trading.

RBC has a beta of 0.95, meaning it tends to be less sensitive to market movements. RBC has a correlation of 0.29 to the broad based SPY ETF.

RBC has a market cap of $7.15 billion. This is considered a Mid Cap stock.

Last quarter RBC Bearings reported $374 million in Revenue and $1.85 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.11.

The top ETF exchange traded funds that RBC belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

RBC has underperformed the market in the last year with a price return of +10.5% while the SPY ETF gained +26.8%. RBC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.9% and -5.5%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

RBC support price is $240.20 and resistance is $248.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBC stock will trade within this expected range on the day.