King Luther Capital Management Corp Cuts Stock Holdings in Reliance, Inc. $RS

King Luther Capital Management Corp cut its stake in shares of Reliance, Inc. (NYSE:RS) by 3.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 127,975 shares of the industrial products company’s stock after selling 5,037 shares during the quarter. King Luther Capital Management Corp’s holdings in Reliance were worth $35,939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RS. Private Trust Co. NA boosted its holdings in Reliance by 417.6% in the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 71 shares during the last quarter. Guerra Advisors Inc purchased a new position in shares of Reliance in the 3rd quarter worth about $34,000. Root Financial Partners LLC acquired a new position in shares of Reliance in the 3rd quarter valued at about $38,000. Allworth Financial LP grew its holdings in shares of Reliance by 46.3% during the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 44 shares during the period. Finally, Caldwell Trust Co acquired a new stake in Reliance during the 2nd quarter worth approximately $58,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, December 5th. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. KeyCorp restated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. Wells Fargo & Company upped their price target on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. Finally, BMO Capital Markets cut their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.25.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Chairman Mukesh Ambani announced a landmark plan to invest Rs 10 lakh crore (~$120+ billion at current FX) over seven years to build India’s AI compute, energy and applications infrastructure — a long‑term strategic push that could expand Reliance’s addressable market and strengthen Jio’s tech moat. Reliance to invest Rs 10 lakh crore in AI over seven years, Ambani tells India AI Summit
• Positive Sentiment: Board increased the quarterly dividend to $1.25 (4.2% raise) and the company repurchased $594.1M of common stock in 2025 — both signal management’s willingness to return cash and support EPS per share, which investors typically view as bullish. (Dividend and buyback details in the earnings release.) Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Revenue and operational volume trends were solid: Q4 net sales rose 11.9% year‑over‑year to $3.50B and the company reported record annual tons sold — evidence of demand resilience in core operations. Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Management set Q1 2026 EPS guidance of $4.50–$4.70 (consensus ~4.59) — the range overlaps estimates, so guidance is not a major surprise but will keep attention on near‑term execution. Reliance, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Management will present at the BMO Global Metals & Mining conference later this month — useful for investors wanting direct Q&A and more color but unlikely to move the stock materially by itself. Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
• Negative Sentiment: Q4 EPS of $2.40 missed consensus $2.80 by $0.40, reflecting margin compression and lower pretax income versus prior year — an immediate negative catalyst that can pressure near‑term sentiment. Reliance (RS) Misses Q4 Earnings Estimates

Reliance Stock Performance

Reliance stock opened at $336.49 on Thursday. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The firm’s fifty day moving average price is $316.69 and its 200 day moving average price is $294.58.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the company earned $2.22 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.5%. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling

In other Reliance news, CEO Karla R. Lewis sold 5,809 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the transaction, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total transaction of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $3,975,794.76. The trade was a 17.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.