Landscape Capital Management L.L.C. Buys 3,184 Shares of Reliance, Inc. $RS

Key Points

• Landscape Capital Management L.L.C. increased its stake in Reliance, Inc. by 74.4% during the first quarter, acquiring 3,184 additional shares and bringing their total ownership to 7,463 shares valued at $2,155,000.
• Multiple large investors have also significantly raised their positions in Reliance, indicating a trend in institutional investment, with hedge funds and other institutions owning 79.26% of the company's stock.
• Reliance's last reported quarterly earnings showed a miss on EPS estimates, with earnings of $4.43 compared to expectations of $4.72, while the company has set its Q3 2025 guidance at a range of $3.600-$3.800 EPS.

Landscape Capital Management L.L.C. boosted its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 74.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,463 shares of the industrial products company's stock after purchasing an additional 3,184 shares during the period. Landscape Capital Management L.L.C.'s holdings in Reliance were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. TCTC Holdings LLC grew its stake in shares of Reliance by 138.9% during the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock worth $25,000 after purchasing an additional 50 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Reliance during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in Reliance during the 1st quarter worth approximately $30,000. Transamerica Financial Advisors LLC raised its holdings in Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock worth $45,000 after buying an additional 131 shares during the period. Finally, Hemington Wealth Management lifted its stake in Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock valued at $66,000 after buying an additional 35 shares in the last quarter. Institutional investors own 79.26% of the company's stock.

Reliance Stock Performance

Reliance stock traded down $2.96 during mid-day trading on Wednesday, hitting $287.42. 31,478 shares of the company's stock traded hands, compared to its average volume of 400,473. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.41 and a beta of 0.89. The firm has a 50 day simple moving average of $306.08 and a two-hundred day simple moving average of $296.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The firm'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. On average, research analysts expect that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a research report on Thursday, August 14th. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Reliance presently has an average rating of "Hold" and an average target price of $323.50.

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.