Reliance, Inc. $RS Shares Bought by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC increased its holdings in shares of Reliance, Inc. (NYSE:RS) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,350 shares of the industrial products company’s stock after buying an additional 302 shares during the period. Reliance comprises approximately 12.4% of Woodward Diversified Capital LLC’s portfolio, making the stock its largest position. Woodward Diversified Capital LLC owned 0.15% of Reliance worth $24,594,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Reliance by 42.7% during the first quarter. Boston Partners now owns 1,021,900 shares of the industrial products company’s stock worth $295,052,000 after purchasing an additional 305,620 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Reliance by 1.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 641,052 shares of the industrial products company’s stock worth $185,104,000 after purchasing an additional 7,474 shares during the last quarter. American Century Companies Inc. lifted its holdings in Reliance by 37.9% during the 1st quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after buying an additional 161,892 shares during the period. Nuveen LLC bought a new stake in shares of Reliance in the 1st quarter valued at about $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Reliance by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock valued at $133,196,000 after buying an additional 46,377 shares during the period. 79.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RS shares. Wells Fargo & Company raised Reliance to a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Reliance in a research report on Tuesday, September 9th. They issued an “overweight” rating and a $350.00 price target on the stock. Finally, Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $328.80.

Reliance Stock Performance

Shares of RS stock opened at $283.45 on Thursday. The firm has a 50 day moving average of $290.02 and a 200-day moving average of $296.34. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, equities analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $1.20 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.7%. Reliance’s dividend payout ratio is presently 35.04%.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.