Korea Investment CORP Sells 3,243 Shares of Reliance, Inc. $RS

Korea Investment CORP cut its position in shares of Reliance, Inc. (NYSE:RS) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,580 shares of the industrial products company’s stock after selling 3,243 shares during the quarter. Korea Investment CORP owned 0.05% of Reliance worth $7,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RS. Foundations Investment Advisors LLC acquired a new position in shares of Reliance in the 3rd quarter valued at $1,576,000. Principal Financial Group Inc. lifted its holdings in shares of Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after acquiring an additional 30,765 shares during the period. First National Advisers LLC acquired a new stake in shares of Reliance during the 3rd quarter valued at about $1,948,000. Canada Post Corp Registered Pension Plan bought a new stake in Reliance in the third quarter valued at about $873,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Reliance by 293.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock valued at $9,814,000 after acquiring an additional 26,055 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance’s metals unit AMI Metals won large U.S. infrastructure and defense contracts (multi‑billion scope) to supply steel/aluminum for Southwest border projects and Lockheed Martin programs — this supports near‑term revenue visibility for RS’s processing/supply franchises. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: The company recently increased its quarterly dividend (from $1.20 to $1.25), raising the annualized payout to $5.00 — a cash‑return signal that can support investor sentiment and income demand for the stock. Reliance Price Performance / Dividend Note
• Neutral Sentiment: Multiple analyst notes are mixed: some firms trimmed ratings/targets while others raised or reiterated targets — the consensus remains a “Hold” with an average target near $324, leaving room but no strong catalyst from upgrades alone. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Several widely circulated Indian news stories report the Enforcement Directorate attaching assets worth Rs 581 crore in a case involving Anil Ambani’s Reliance group. Those headlines refer to a different corporate group (Anil Ambani’s Reliance) and are unrelated to Reliance Steel & Aluminum Co. (RS), but the name overlap can create short‑term confusion and headline‑driven volatility. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: An insider (SVP William Smith II) sold 6,615 shares recently; while insider sales can be routine, the disclosed sale added to near‑term selling pressure. SEC Form 4 – Insider Sale
• Negative Sentiment: Last reported quarter showed an EPS miss (reported $2.40 vs. ~$2.80 consensus) despite ~12% revenue growth; that earnings shortfall remains a near‑term concern until margin recovery or upside execution becomes evident. Guidance for Q1 was provided (4.50–4.70 EPS) — monitor upcoming results vs. expectations. Reliance earnings summary

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Wells Fargo & Company increased their target price on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $340.00 to $330.00 in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Reliance currently has an average rating of “Hold” and an average price target of $324.33.

Insider Buying and Selling

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.35% of the company’s stock.

Reliance Stock Performance

Shares of NYSE:RS opened at $299.57 on Friday. The business has a fifty day moving average of $323.45 and a 200-day moving average of $297.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $365.59. The firm has a market cap of $15.50 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91.

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

Reliance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. This is an increase from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. Reliance’s payout ratio is currently 35.79%.

Reliance Profile

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.