Hardy Reed LLC Invests $227,000 in RBC Bearings Incorporated $RBC

Hardy Reed LLC acquired a new stake in RBC Bearings Incorporated (NYSE:RBC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 590 shares of the industrial products company’s stock, valued at approximately $227,000.

Several other large investors have also added to or reduced their stakes in RBC. NBC Securities Inc. bought a new stake in RBC Bearings in the first quarter worth approximately $25,000. Advisors Asset Management Inc. acquired a new position in shares of RBC Bearings during the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in RBC Bearings by 109.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 113 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 59 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in RBC Bearings by 107.1% in the first quarter. Golden State Wealth Management LLC now owns 263 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 136 shares during the period. Finally, UMB Bank n.a. increased its stake in RBC Bearings by 80.8% in the first quarter. UMB Bank n.a. now owns 311 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 139 shares in the last quarter.

RBC Bearings Stock Performance

NYSE RBC opened at $374.96 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.33 and a quick ratio of 1.33. The company has a fifty day moving average price of $389.56 and a 200-day moving average price of $368.98. RBC Bearings Incorporated has a 1 year low of $272.50 and a 1 year high of $416.33. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.90 and a beta of 1.71.

RBC Bearings (NYSE:RBC) last issued its quarterly earnings data on Friday, August 1st. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.10. RBC Bearings had a net margin of 15.20% and a return on equity of 10.14%. The business had revenue of $436.00 million during the quarter, compared to the consensus estimate of $432.63 million. During the same period in the prior year, the firm posted $2.54 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. RBC Bearings has set its Q2 2026 guidance at EPS. As a group, equities research analysts predict that RBC Bearings Incorporated will post 9.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on RBC. KeyCorp increased their price objective on shares of RBC Bearings from $405.00 to $450.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Truist Financial increased their price target on RBC Bearings from $431.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft initiated coverage on RBC Bearings in a research note on Wednesday, July 16th. They issued a “buy” rating and a $480.00 price objective for the company. Zacks Research raised RBC Bearings from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group lifted their price target on shares of RBC Bearings from $375.00 to $416.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $425.17.

Insider Buying and Selling

In other news, VP John J. Feeney sold 105 shares of RBC Bearings stock in a transaction on Friday, September 26th. The stock was sold at an average price of $382.83, for a total transaction of $40,197.15. Following the sale, the vice president directly owned 2,666 shares in the company, valued at $1,020,624.78. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Daniel A. Bergeron sold 48,743 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $402.75, for a total transaction of $19,631,243.25. Following the completion of the transaction, the chief operating officer directly owned 111,134 shares in the company, valued at $44,759,218.50. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

RBC Bearings Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.