Strs Ohio Purchases New Shares in Reliance, Inc. $RS

Strs Ohio acquired a new position in shares of Reliance, Inc. (NYSE:RS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,051 shares of the industrial products company’s stock, valued at approximately $1,458,000.

A number of other institutional investors also recently bought and sold shares of RS. TCTC Holdings LLC raised its position in Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after buying an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Reliance during the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in Reliance in the first quarter valued at about $30,000. Transamerica Financial Advisors LLC boosted its holdings in Reliance by 595.5% in the 1st 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, Hemington Wealth Management boosted its holdings in Reliance by 18.0% in the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 35 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

Reliance stock opened at $290.46 on Wednesday. The firm has a fifty day moving average of $300.66 and a 200-day moving average of $296.37. 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, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The firm has a market capitalization of $15.28 billion, a P/E ratio of 21.20, a PEG ratio of 1.39 and a beta of 0.89.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. Reliance’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid 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 payout ratio is presently 35.04%.

Analyst Upgrades and Downgrades

RS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised Reliance to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Reliance in a research note on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target on the stock. Finally, Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Three investment 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 price target of $328.80.

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.