Reliance (NYSE:RS) SVP William Smith II Sells 6,615 Shares

Reliance, Inc. (NYSE:RS) SVP William Smith II sold 6,615 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Reliance Stock Down 0.8%

Shares of RS stock opened at $300.03 on Wednesday. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $365.59. The stock has a market cap of $15.52 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.14 and a beta of 0.91. The stock has a 50 day moving average of $322.86 and a 200 day moving average of $297.31. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period in the previous year, the business earned $2.22 EPS. Reliance’s revenue for the quarter was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, sell-side analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $1.25 per share. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Reliance’s payout ratio is 35.79%.

Hedge Funds Weigh In On Reliance

A number of institutional investors and hedge funds have recently bought and sold shares of RS. Corient Private Wealth LLC grew its stake in Reliance by 1,019.0% during the 4th quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock valued at $98,758,000 after acquiring an additional 311,323 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Reliance by 1.3% in the 4th quarter. Hsbc Holdings PLC now owns 236,496 shares of the industrial products company’s stock worth $68,311,000 after purchasing an additional 2,945 shares in the last quarter. XXEC Inc. acquired a new position in shares of Reliance during the 4th quarter worth approximately $1,833,000. Pure Financial Advisors LLC grew its position in shares of Reliance by 1.8% in the fourth quarter. Pure Financial Advisors LLC now owns 9,544 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 171 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. grew its position in shares of Reliance by 13.8% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,017 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 123 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Wall Street Zen cut shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $324.33.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.