Reliance, Inc. $RS Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Reliance stake by 4.9% in the first quarter, bringing its holdings to 263,191 shares valued at approximately $80 million. Institutional investors collectively own 79.26% of the company.
• Reliance reported a strong quarterly performance, with EPS of $6.27 and revenue of $4.63 billion, exceeding analyst expectations, while revenue rose 26.5% year over year. The company guided for third-quarter EPS of $6.40–$6.60.
• Analyst sentiment remains mixed but generally constructive: the consensus rating is “Hold” with a $378.67 price target, while some firms upgraded the stock or raised earnings estimates. Reliance also declared a quarterly dividend of $1.25, representing a 1.2% annualized yield.

Bank of America Corp DE boosted its position in shares of Reliance, Inc. (NYSE:RS - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,191 shares of the industrial products company's stock after buying an additional 12,282 shares during the quarter. Bank of America Corp DE owned approximately 0.52% of Reliance worth $79,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RS. Costello Asset Management INC purchased a new stake in shares of Reliance during the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. raised its holdings in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company's stock worth $31,000 after purchasing an additional 50 shares during the period. Greenline Wealth Management LLC acquired a new position in Reliance in the 4th quarter worth about $32,000. Quarry LP purchased a new position in Reliance during the third quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust boosted its position in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company's stock worth $34,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the transaction, the senior vice president owned 19,394 shares in the company, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on RS shares. Weiss Ratings upgraded Reliance from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, May 18th. Wells Fargo & Company increased their target price on Reliance from $372.00 to $398.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Reliance from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Reliance from $378.00 to $376.00 and set a "neutral" rating for the company in a report on Wednesday, July 15th. Finally, Seaport Research Partners upped their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $378.67.

Reliance Trading Up 0.1%

RS stock opened at $424.21 on Monday. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $424.77. The business's 50-day moving average is $395.49 and its 200 day moving average is $354.78. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.09 and a beta of 0.96.

Reliance (NYSE:RS - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating analysts' consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The business's revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts anticipate that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance's dividend payout ratio is currently 29.07%.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Broad upward revisions to 2026–2027 earnings: Zacks Research raised its FY2026 EPS estimate to $22.57 from $18.07, FY2027 to $21.24 from $18.44, Q3 2026 to $6.50 from $4.14, and Q4 2026 to $4.64 from $3.61. Estimates for Q3 and Q4 2027 were also increased. These revisions suggest stronger expected profitability for Reliance’s industrial-products business. Reliance analyst estimate revisions
• Positive Sentiment: Analyst conviction remains strong: Despite mixed revisions, Zacks maintained a “Strong-Buy” rating. The estimate increases are particularly notable after Reliance’s latest quarterly report exceeded expectations, with EPS of $6.27 versus the $5.47 consensus and revenue of $4.63 billion versus the $4.26 billion estimate. Reliance earnings and analyst rating
• Neutral Sentiment: Some estimates were revised only modestly: Zacks lifted its Q2 2027 EPS forecast to $5.48 from $5.41 and raised its Q1 2027 forecast to $5.09 from $4.97. These changes provide limited incremental impact on valuation.
• Neutral Sentiment: Several similarly named businesses are unrelated to RS: Reports on Reliance Power’s quarterly results and Reliance Digital’s promotional sale concern Indian companies or businesses, not Reliance, Inc. Therefore, they should not materially affect NYSE-listed RS. Reliance Power report Reliance Digital sale
• Negative Sentiment: Longer-term earnings forecasts were reduced: Zacks cut Q1 2028 EPS to $4.45 from $5.20, Q2 2028 to $4.66 from $5.47, and FY2028 to $18.09 from $19.32. The reductions indicate some concern about earnings normalization beyond 2027 and could limit further upside if investors focus on longer-term valuation.

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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