Focus Partners Wealth Purchases 5,886 Shares of Reliance, Inc. $RS

Key Points

• Focus Partners Wealth significantly increased its stake in Reliance, Inc., acquiring an additional 5,886 shares, bringing its total to 7,405 shares valued at $2,138,000.
• The stock of Reliance, Inc. opened at $290.46 and has a market cap of $15.28 billion, with analysts forecasting an EPS of 16.98 for the current fiscal year.
• Reliance recently announced a quarterly dividend of $1.20, translating to an annual yield of 1.7% and a payout ratio of 35.04%.

Focus Partners Wealth increased its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 387.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,405 shares of the industrial products company's stock after buying an additional 5,886 shares during the quarter. Focus Partners Wealth's holdings in Reliance were worth $2,138,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Plato Investment Management Ltd raised its position in Reliance by 478.2% during the 1st quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company's stock worth $1,536,000 after purchasing an additional 4,352 shares during the last quarter. Bayforest Capital Ltd raised its holdings in shares of Reliance by 229.9% in the 1st quarter. Bayforest Capital Ltd now owns 1,138 shares of the industrial products company's stock worth $329,000 after purchasing an additional 793 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Reliance by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company's stock valued at $133,196,000 after purchasing an additional 46,377 shares in the last quarter. Empowered Funds LLC grew its position in Reliance by 4.8% in the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company's stock worth $1,635,000 after acquiring an additional 258 shares in the last quarter. Finally, Ascent Group LLC grew its position in Reliance by 11.9% in the first quarter. Ascent Group LLC now owns 933 shares of the industrial products company's stock worth $269,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RS. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a research note on Thursday, August 14th. Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. began coverage on shares of Reliance in a report on Tuesday, September 9th. They issued an "overweight" rating and a $350.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $328.80.

Reliance Price Performance

Reliance stock traded up $0.39 during midday trading on Friday, hitting $287.99. The company's stock had a trading volume of 918,692 shares, compared to its average volume of 249,475. The stock's 50-day moving average price is $298.18 and its 200-day moving average price is $296.35. The company has a market capitalization of $15.15 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. 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 (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 (EPS) 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

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

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.