Voya Investment Management LLC Grows Stock Holdings in Reliance, Inc. $RS

Voya Investment Management LLC grew its holdings in shares of Reliance, Inc. (NYSE:RS) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,886 shares of the industrial products company’s stock after buying an additional 633 shares during the quarter. Voya Investment Management LLC’s holdings in Reliance were worth $3,143,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cordatus Wealth Management LLC grew its stake in Reliance by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company’s stock worth $281,000 after buying an additional 35 shares during the period. Hemington Wealth Management grew its stake in Reliance by 18.0% during the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock worth $66,000 after buying an additional 35 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Reliance by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company’s stock worth $3,200,000 after buying an additional 38 shares during the period. Farther Finance Advisors LLC grew its stake in Reliance by 11.1% during the first quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock worth $116,000 after buying an additional 40 shares during the period. Finally, Forum Financial Management LP grew its stake in Reliance by 2.8% during the fourth quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company’s stock worth $436,000 after buying an additional 44 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RS shares. Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. started coverage on shares of Reliance in a research report on Tuesday, September 9th. They issued an “overweight” rating and a $350.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Reliance presently has a consensus rating of “Hold” and an average price target of $328.80.

Reliance Stock Up 0.1%

Reliance stock opened at $287.99 on Friday. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. 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 company’s 50-day moving average price is $298.18 and its two-hundred day moving average price is $296.45. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.37 and a beta of 0.89.

Reliance (NYSE:RS) last posted its quarterly earnings data 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 net margin of 5.39% and a return on equity of 10.48%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $4.65 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, analysts expect that Reliance, Inc. will post 16.98 EPS 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 issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Reliance’s dividend payout ratio (DPR) is presently 35.04%.

Reliance Company 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.