On September 27, 2024, at 01:16 PM EST, RBC Bearings (RBC, Financial) experienced a notable stock fluctuation, dropping by 0.52%. At the time of reporting, the stock was priced at $299.99 per share, with a trading volume of 470,708 shares, a turnover rate of 1.61%, and an amplitude of 1.61%.
Recent financial reports show that RBC Bearings generated $406 million in revenue, with a net profit of $61.4 million. Earnings per share were $1.92, with a gross profit of $166 million, and a price-earnings ratio of 44.23. Among the eight institutions rating the stock, 63% recommended buying, while 37% suggested holding, with none advising to sell.
In the tools and accessories sector, where RBC Bearings operates, the overall growth was 0.21%. Notable related stocks showing significant gains include Kennametal, Stanley Black & Decker, and Timken. RBC Bearings, Eastern Company, and Kennametal were actively traded, with turnover rates of 1.61%, 0.52%, and 0.36%, respectively. Stocks with higher volatility in this sector included Chicago Rivet & Machine, Kennametal, and Eastern Company, with amplitudes of 4.43%, 2.55%, and 2.38%, respectively.
Company Overview: RBC Bearings Inc. is an international manufacturer and distributor of highly engineered precision bearings, components, and essential systems for the industrial, defense, and aerospace industries. The company's products include plain bearings, roller bearings, ball bearings, and engineered products, primarily serving the U.S. market. RBC Bearings operates through two main segments: Aerospace/Defense and Industrial. The Aerospace/Defense segment caters to commercial aerospace, defense aerospace, as well as maritime and ground defense applications, while the Industrial segment caters to various industrial applications. The majority of revenue is derived from the Industrial segment.
