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 firm’s stock in a transaction on Monday, March 9th. The stock was 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 in the company, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Reliance Stock Performance

NYSE:RS traded down $2.55 during mid-day trading on Tuesday, hitting $300.03. 441,090 shares of the company traded hands, compared to its average volume of 374,313. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $322.69 and its 200-day moving average price is $297.27. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.91. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59.

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

Reliance Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RS. Royal Bank of Canada lifted its holdings in shares of Reliance by 6.6% in the first quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock worth $4,364,000 after buying an additional 940 shares in the last quarter. Empowered Funds LLC grew its stake in Reliance by 4.8% during the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after acquiring an additional 258 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Reliance by 99.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 131 shares during the last quarter. Savant Capital LLC increased its holdings in Reliance by 5.6% in the 2nd quarter. Savant Capital LLC now owns 3,795 shares of the industrial products company’s stock valued at $1,191,000 after acquiring an additional 200 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Reliance by 18.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 793 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 121 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on RS. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. KeyCorp restated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $340.00 to $330.00 in a report on Friday, February 20th. Finally, Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Reliance has a consensus rating of “Hold” and a consensus price target 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.