Fulcrum Wealth Advisors LLC Acquires Shares of 8,754 Reliance, Inc. $RS

Fulcrum Wealth Advisors LLC acquired a new stake in Reliance, Inc. (NYSE:RS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,754 shares of the industrial products company's stock, valued at approximately $2,529,000. Reliance makes up approximately 2.1% of Fulcrum Wealth Advisors LLC's portfolio, making the stock its 18th biggest position.

Several other large investors also recently bought and sold shares of RS. Foundations Investment Advisors LLC bought a new stake in shares of Reliance in the third quarter worth $1,576,000. CWA Asset Management Group LLC bought a new stake in shares of Reliance in the fourth quarter worth $10,297,000. Principal Financial Group Inc. grew its holdings in shares of Reliance by 4.2% in the third 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. Assenagon Asset Management S.A. grew its holdings in shares of Reliance by 24.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company's stock worth $7,015,000 after acquiring an additional 4,817 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Reliance in the third quarter worth $873,000. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Price Performance

NYSE:RS opened at $363.22 on Tuesday. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.54 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.15 and a beta of 0.95. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $368.22. The business's 50-day moving average is $316.50 and its 200 day moving average is $305.20.

Reliance (NYSE:RS - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm's revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts forecast that Reliance, Inc. will post 18.7 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. Reliance's payout ratio is currently 32.62%.

Insider Buying and Selling

In related news, SVP William A. Smith II sold 6,615 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Arthur Ajemyan sold 3,500 shares of the business's stock in a transaction dated 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 in the company, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,175 shares of company stock worth $10,966,902. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Seaport Research Partners lifted their price objective on Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price target on Reliance from $340.00 to $345.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Wall Street Zen raised Reliance from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Zacks Research raised Reliance from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group initiated coverage on Reliance in a report on Wednesday, April 1st. They set a "neutral" rating and a $300.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Reliance has a consensus rating of "Hold" and an average target price of $344.67.

Reliance Company 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.

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