Reliance, Inc. $RS Shares Newly Acquired by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC acquired a new position in Reliance, Inc. (NYSE:RS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,350 shares of the industrial products company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RS. Costello Asset Management INC acquired a new position in Reliance during the 1st quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Reliance in the 2nd quarter valued at about $37,000. Osterweis Capital Management Inc. acquired a new stake in shares of Reliance during the 2nd quarter worth approximately $41,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Reliance during the 3rd quarter worth approximately $43,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Reliance during the 2nd quarter worth approximately $46,000. 79.26% of the stock is owned by institutional investors.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Reliance across several periods, including FY2026 to $26.86 per share from $22.57 and FY2027 to $24.29 from $21.24, while maintaining a Strong Buy rating. The revisions may support investor confidence in the company’s earnings outlook. Reliance analyst coverage
• Positive Sentiment: Citigroup raised its price target to $460 from $420, implying potential upside from the cited share price, though it kept a Neutral rating. Citigroup recommendations
• Neutral Sentiment: One report puts the consensus target at $400.29, below the cited share price, which tempers the more optimistic target revision. Consensus target price report
• Neutral Sentiment: News about Jio’s new connectivity and data plans, and Reliance Industries’ possible entry into the biscuit market, relates to other Reliance-branded businesses—not Reliance, Inc. (RS)—so it does not directly explain RS’s share movement. Reliance Jio plan article

Reliance Trading Up 0.7%

RS traded up $2.75 during midday trading on Friday, reaching $416.79. 327,146 shares of the company were exchanged, compared to its average volume of 300,926. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.22 and a current ratio of 4.12. Reliance, Inc. has a one year low of $263.12 and a one year high of $454.93. The stock has a market capitalization of $21.23 billion, a P/E ratio of 19.43, a PEG ratio of 0.94 and a beta of 0.95. The stock’s 50-day simple moving average is $404.89 and its 200 day simple moving average is $371.05.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.83 by $1.19. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.74 billion. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.64 EPS. As a group, analysts forecast that Reliance, Inc. will post 26.54 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio (DPR) is presently 23.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RS shares. Weiss Ratings downgraded shares of Reliance from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Wells Fargo & Company upped their target price on shares of Reliance from $391.00 to $420.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Finally, KeyCorp upped their target price on shares of Reliance from $421.00 to $437.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $407.75.

Insider Transactions at Reliance

In related news, COO Stephen Koch sold 8,334 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total transaction of $3,590,870.58. Following the completion of the transaction, the chief operating officer owned 8,209 shares in the company, valued at approximately $3,537,011.83. The trade was a 50.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Reliance Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.