Bayforest Capital Ltd Buys 1,369 Shares of Reliance, Inc. $RS

Key Points

• Bayforest Capital Ltd increased its holdings in Reliance, Inc. by 120.3% during the second quarter, acquiring 1,369 additional shares, bringing their total to 2,507 shares worth approximately $787,000.
• Analyst ratings for Reliance show mixed opinions, with three analysts issuing a Buy rating and five giving a Hold rating, while the stock's consensus target price is set at $327.80.
• Reliance, Inc. reported earnings of $4.43 per share in its recent quarter, missing the analyst estimate and providing a Q3 2025 EPS guidance between 3.600-3.800.

Bayforest Capital Ltd grew its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 120.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,507 shares of the industrial products company's stock after buying an additional 1,369 shares during the quarter. Bayforest Capital Ltd's holdings in Reliance were worth $787,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RS. IFP Advisors Inc boosted its holdings in shares of Reliance by 10.7% in the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company's stock valued at $112,000 after purchasing an additional 33 shares during the period. HB Wealth Management LLC increased its position in shares of Reliance by 2.6% during the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company's stock worth $420,000 after purchasing an additional 34 shares in the last quarter. Cordatus Wealth Management LLC increased its position in shares of Reliance by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company's stock worth $281,000 after purchasing an additional 35 shares in the last quarter. Hemington Wealth Management increased its position in shares of Reliance by 18.0% during the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock worth $66,000 after purchasing an additional 35 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Reliance by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after acquiring an additional 38 shares during the period. Institutional investors own 79.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a research report on Monday. Wells Fargo & Company raised Reliance to a "hold" rating in a research report on Thursday, August 14th. Zacks Research downgraded Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Reliance in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $327.80.

Reliance Trading Up 1.2%

RS stock opened at $275.39 on Tuesday. The company's 50-day simple moving average is $287.55 and its 200-day simple moving average is $296.16. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The firm has a market cap of $14.48 billion, a P/E ratio of 20.10, a PEG ratio of 1.30 and a beta of 0.87.

Reliance (NYSE:RS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same period in the previous year, the company earned $4.65 earnings per share. The company's revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Reliance's dividend payout ratio is presently 35.04%.

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.

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