Journey Strategic Wealth LLC Buys 240 Shares of Reliance, Inc. $RS

Journey Strategic Wealth LLC grew its stake in shares of Reliance, Inc. (NYSE:RS) by 29.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,059 shares of the industrial products company’s stock after acquiring an additional 240 shares during the period. Journey Strategic Wealth LLC’s holdings in Reliance were worth $332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Boston Partners boosted its holdings in shares of Reliance by 72.4% during the 2nd quarter. Boston Partners now owns 1,761,754 shares of the industrial products company’s stock valued at $551,971,000 after acquiring an additional 739,854 shares in the last quarter. Nuveen LLC acquired a new position in Reliance in the 1st quarter worth about $144,089,000. William Blair Investment Management LLC bought a new position in Reliance in the second quarter valued at about $72,373,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Reliance during the first quarter valued at about $55,004,000. Finally, American Century Companies Inc. grew its holdings in shares of Reliance by 37.9% during the first quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after purchasing an additional 161,892 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 3.1%

NYSE:RS opened at $275.27 on Monday. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The firm’s fifty day moving average is $278.08 and its 200-day moving average is $294.85. The firm has a market cap of $14.39 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.46 and a beta of 0.90.

Reliance (NYSE:RS) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. Reliance’s quarterly revenue was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $4.80 annualized dividend and a yield of 1.7%. Reliance’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RS. Wells Fargo & Company raised their price objective on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. BMO Capital Markets decreased their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $323.00.

Reliance Company Profile

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.