Rep. Julie Johnson Sells Off Shares of Reliance, Inc. (NYSE:RS)

Posted by Defense World Staff on May 18th, 2025

Representative Julie Johnson (D-Texas) recently sold shares of Reliance, Inc. (NYSE:RS). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Reliance stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Reliance Trading Up 1.1%

Shares of RS stock opened at $303.96 on Friday. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 19.69 and a beta of 0.91. The company’s fifty day simple moving average is $284.80 and its two-hundred day simple moving average is $290.02. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $326.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.21 and a quick ratio of 1.58.

Reliance (NYSE:RS – Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.11. Reliance had a return on equity of 11.87% and a net margin of 6.33%. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company posted $5.30 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $1.20 dividend. The ex-dividend date is Friday, May 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 1.58%. Reliance’s dividend payout ratio is 34.41%.

Institutional Investors Weigh In On Reliance

Institutional investors and hedge funds have recently made changes to their positions in the business. TCTC Holdings LLC increased its stake in Reliance by 138.9% in the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Reliance during the first quarter worth about $29,000. Wayfinding Financial LLC bought a new position in shares of Reliance in the first quarter worth approximately $30,000. Transamerica Financial Advisors LLC raised its stake in Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 131 shares in the last quarter. Finally, Coppell Advisory Solutions LLC lifted its position 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 purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp raised their price objective on shares of Reliance from $321.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Reliance presently has an average rating of “Hold” and a consensus target price of $319.00.

View Our Latest Report on RS

Insider Buying and Selling at Reliance

In other news, CEO Karla R. Lewis sold 31,136 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $300.52, for a total transaction of $9,356,990.72. Following the sale, the chief executive officer now owns 90,230 shares in the company, valued at approximately $27,115,919.60. This trade represents a 25.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About Reliance

(Get Free Report)

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.