Karla Lewis Sells 5,809 Shares of Reliance (NYSE:RS) Stock

Reliance, Inc. (NYSE:RS) CEO Karla Lewis sold 5,809 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the sale, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Reliance Stock Performance

RS stock traded down $4.08 during midday trading on Tuesday, reaching $278.69. 291,542 shares of the company were exchanged, compared to its average volume of 383,085. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. The business has a 50-day moving average price of $276.90 and a two-hundred day moving average price of $293.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08.

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

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. BMO Capital Markets lowered their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. dropped their target price on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Finally, Wells Fargo & Company upped their price target on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Reliance currently has an average rating of “Hold” and an average target price of $318.50.

Hedge Funds Weigh In On Reliance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RS. Private Trust Co. NA raised its stake in Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Quarry LP acquired a new stake in shares of Reliance in the 3rd quarter valued at approximately $32,000. Guerra Advisors Inc bought a new stake in shares of Reliance during the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC acquired a new position in Reliance during the 3rd quarter worth approximately $38,000. Finally, Advisory Services Network LLC acquired a new position in Reliance during the 3rd quarter worth approximately $39,000. 79.26% of the stock is owned by institutional investors and hedge funds.

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.