SBI Okasan Asset Management Co.Ltd. Purchases Shares of 2,300 Reliance, Inc. $RS

SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, HoldingsChannel reports. The firm purchased 2,300 shares of the industrial products company’s stock, valued at approximately $674,000.

Other institutional investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC purchased a new stake in Reliance during the fourth quarter valued at about $28,000. Quarry LP purchased a new stake in Reliance during the third quarter valued at about $32,000. Guerra Advisors Inc purchased a new stake in Reliance during the third quarter valued at about $34,000. Elyxium Wealth LLC purchased a new stake in Reliance during the fourth quarter valued at about $36,000. Finally, Advisory Services Network LLC purchased a new stake in Reliance during the third quarter valued at about $39,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the sale, the senior vice president owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. The Goldman Sachs Group assumed coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, KeyCorp increased their target price on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $344.67.

Reliance Stock Performance

Shares of RS opened at $381.37 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a one year low of $260.31 and a one year high of $386.39. The company has a 50-day simple moving average of $339.22 and a two-hundred day simple moving average of $317.22. The firm has a market capitalization of $19.47 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business posted $3.77 earnings per share. Reliance’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, analysts anticipate that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $1.25 dividend. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is 32.62%.

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.