Key Points
- Reliance SVP William Smith II sold 6,615 shares on March 9 at an average price of $298.61 for about $1.98 million, cutting his stake by 23.32% to 21,747 shares (SEC filing).
- Reliance reported quarterly EPS of $2.40 (missing estimates of $2.80) while revenue rose 11.9% year-over-year to $3.50 billion, and the company set Q1 2026 guidance of 4.50–4.70 EPS.
- The company raised its quarterly dividend to $1.25 ($5.00 annual, ~1.7% yield) and currently carries an average analyst rating of "Hold" with a mean target of $324.33.
Reliance, Inc. (NYSE:RS - Get Free Report) SVP William Smith II sold 6,615 shares of the firm'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 of the company's stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Reliance Stock Down 0.8%
NYSE RS opened at $300.03 on Wednesday. The business's fifty day simple moving average is $322.86 and its 200-day simple moving average is $297.31. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $15.52 billion, a PE ratio of 21.48, a P/E/G ratio of 1.14 and a beta of 0.91. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $365.59.
Reliance (NYSE:RS - Get Free Report) last issued its earnings results 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 firm had revenue of $3.50 billion for the quarter, compared to analysts' expectations of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.Reliance's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, equities analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current year.
Reliance Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Reliance's previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Reliance's dividend payout ratio is currently 35.79%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RS. Foundations Investment Advisors LLC purchased a new position in Reliance in the 3rd quarter valued at approximately $1,576,000. Principal Financial Group Inc. boosted its position in Reliance by 4.2% during the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company's stock worth $212,243,000 after purchasing an additional 30,765 shares in the last quarter. First National Advisers LLC acquired a new stake in Reliance in the third quarter valued at $1,948,000. Canada Post Corp Registered Pension Plan acquired a new stake in Reliance in the third quarter valued at $873,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of 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 buying an additional 26,055 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Reliance from $315.00 to $323.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Wall Street Zen cut Reliance from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. Zacks Research upgraded Reliance from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Reliance in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. downgraded Reliance from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $340.00 to $330.00 in a report on Friday, February 20th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Reliance currently has an average rating of "Hold" and an average target price of $324.33.
Read Our Latest Stock Report on Reliance
Reliance Company Profile
(
Get Free Report)
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.
Further Reading
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