RBC Bearings stock hits all-time high at 416.35 USD

RBC Bearings Incorporated reached an all-time high, with its stock price hitting $416.35. According to InvestingPro analysis, the company currently trades at a P/E ratio of 51.5x, indicating a premium valuation relative to its peers. This milestone underscores the company’s robust performance, with a 29% return over the past year and strong financial health metrics. The significant increase in the stock price reflects investor confidence and the company’s strong market position, supported by a healthy current ratio of 3.3x and revenue growth of 5.5%. For deeper insights into RBC Bearings’ valuation and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro. RBC Bearings, known for its precision bearings and components, continues to demonstrate resilience and growth potential in a competitive industry landscape, maintaining a market capitalization of nearly $13 billion and receiving a "GOOD" overall financial health rating from InvestingPro’s comprehensive analysis framework.

In other recent news, RBC Bearings Incorporated reported its first-quarter fiscal 2025 earnings, exceeding analyst expectations with an adjusted diluted EPS of $2.84, surpassing the forecasted $2.74. The company’s revenue for the quarter reached $436 million, slightly above the anticipated $431.64 million. Additionally, RBC Bearings completed the acquisition of VACCO, which is expected to contribute approximately $80 million in revenue for fiscal 2026 and $132 million in fiscal 2027, according to Truist Securities. This development led Truist to raise its price target for RBC Bearings to $455, maintaining a Buy rating.

KeyBanc reiterated its Overweight rating with a $450 price target, citing RBC Bearings’ record backlog of $1.02 billion, which the company believes could double over the next year. The firm highlighted the company’s Industrial business growth of 6% during the first quarter, outperforming peers significantly. In corporate governance news, RBC Bearings shareholders elected directors and approved executive pay at the company’s annual meeting. Daniel A. Bergeron, Barry C. Boyan, and Edward D. Stewart were elected to Class I director positions, while Frederick J. Elmy was elected as a Class III director for a one-year term.

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