Rep. Lisa C. McClain Buys Reliance, Inc. (NYSE:RS) Stock

Representative Lisa C. McClain (R-Michigan) recently bought shares of Reliance, Inc. (NYSE:RS). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Reliance stock on August 4th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 8/28/2025.
• Purchased $1,001 – $15,000 in shares of ACI Worldwide (NASDAQ:ACIW) on 8/19/2025.
• Purchased $1,001 – $15,000 in shares of HCA Healthcare (NYSE:HCA) on 8/19/2025.
• Sold $1,001 – $15,000 in shares of Amedisys (NASDAQ:AMED) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Kite Realty Group Trust (NYSE:KRG) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of JD.com (NASDAQ:JD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 8/13/2025.
• Sold $1,001 – $15,000 in shares of US Foods (NYSE:USFD) on 8/13/2025.
• Purchased $1,001 – $15,000 in shares of Agree Realty (NYSE:ADC) on 8/13/2025.

Reliance Stock Up 0.1%

Shares of RS opened at $287.99 on Monday. The company has a market capitalization of $15.15 billion, a P/E ratio of 21.02, a PEG ratio of 1.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The business’s 50 day simple moving average is $298.18 and its 200-day simple moving average is $296.54.

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

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 of this dividend was Friday, August 15th. Reliance’s payout ratio is presently 35.04%.

Institutional Trading of Reliance

Several institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners increased its position in shares of Reliance by 72.6% in the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock valued at $552,461,000 after buying an additional 741,417 shares in the last quarter. Norges Bank bought a new stake in shares of Reliance in the 2nd quarter valued at $207,741,000. Nuveen LLC bought a new stake in shares of Reliance in the 1st quarter valued at $144,089,000. GAMMA Investing LLC increased its position in shares of Reliance by 33,792.2% in the 1st quarter. GAMMA Investing LLC now owns 278,933 shares of the industrial products company’s stock valued at $80,542,000 after buying an additional 278,110 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Reliance in the 2nd quarter valued at $72,373,000. Institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

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

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Reliance

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.