Brandywine Global Investment Management LLC Trims Stake in Reliance, Inc. $RS

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Reliance, Inc. by 67.3% during the first quarter, now holding only 35,555 shares worth approximately $10.27 million.
• Reliance reported $4.43 earnings per share for the latest quarter, missing estimates by $0.29, and noted a slight 0.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.20 per share, translating to an annualized yield of 1.7%, with a payout ratio of 35.04%.

Brandywine Global Investment Management LLC cut its position in shares of Reliance, Inc. (NYSE:RS - Free Report) by 67.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,555 shares of the industrial products company's stock after selling 73,022 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.07% of Reliance worth $10,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its stake in Reliance by 138.9% during the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after buying an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Reliance during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in Reliance during the first quarter valued at approximately $30,000. Coppell Advisory Solutions LLC boosted its stake in Reliance by 224.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock valued at $49,000 after buying an additional 128 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Reliance in the 4th quarter valued at approximately $58,000. 79.26% of the stock is owned by institutional investors.

Reliance Trading Down 0.5%

Shares of NYSE RS traded down $1.5350 during midday trading on Wednesday, hitting $285.6350. The company's stock had a trading volume of 504,937 shares, compared to its average volume of 408,180. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $309.23 and its two-hundred day moving average is $296.34. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The firm has a market cap of $15.02 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Reliance (NYSE:RS - Get Free Report) last issued 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 return on equity of 10.48% and a net margin of 5.39%.The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The company's quarterly 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 research analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. Reliance's dividend payout ratio is presently 35.04%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RS shares. Zacks Research lowered Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised Reliance to a "hold" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $323.50.

Reliance 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.