1,715 Shares in Reliance, Inc. $RS Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC acquired a new position in Reliance, Inc. (NYSE:RS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,715 shares of the industrial products company’s stock, valued at approximately $495,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC raised its stake in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock valued at $227,000 after buying an additional 37 shares during the last quarter. Choreo LLC raised its stake in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after buying an additional 39 shares during the last quarter. GAMMA Investing LLC raised its stake in Reliance by 4.4% during the 4th quarter. GAMMA Investing LLC now owns 965 shares of the industrial products company’s stock valued at $279,000 after buying an additional 41 shares during the last quarter. Fisher Asset Management LLC raised its stake in Reliance by 1.5% during the 3rd quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company’s stock valued at $824,000 after buying an additional 43 shares during the last quarter. Finally, Advisory Research Inc. raised its stake in Reliance by 2.6% during the 3rd quarter. Advisory Research Inc. now owns 1,782 shares of the industrial products company’s stock valued at $500,000 after buying an additional 45 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Trading Up 0.6%

NYSE:RS opened at $396.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. Reliance, Inc. has a one year low of $260.31 and a one year high of $401.41. The business has a fifty day moving average price of $346.97 and a 200-day moving average price of $320.89.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.Reliance’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Sell-side analysts forecast that Reliance, Inc. will post 18.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, May 22nd. Reliance’s dividend payout ratio is 32.62%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RS. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wells Fargo & Company boosted their target price on shares of Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Seaport Research Partners boosted their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, KeyCorp boosted their target price on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Reliance currently has a consensus rating of “Hold” and a consensus target price of $352.33.

Insider Buying and Selling at Reliance

In other news, SVP William A. Smith II sold 6,615 shares of the company’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 sale, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

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.