Reliance, Inc. $RS Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of Reliance, Inc. (NYSE:RS) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,526 shares of the industrial products company’s stock after acquiring an additional 3,724 shares during the period. Tudor Investment Corp ET AL’s holdings in Reliance were worth $11,662,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Masso Torrence Wealth Management Inc. increased its stake in shares of Reliance by 3.3% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock worth $322,000 after buying an additional 37 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Reliance by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 38 shares during the last quarter. Choreo LLC grew its holdings in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 39 shares in the last quarter. Stonegate Investment Group LLC grew its holdings in Reliance by 5.0% during the 3rd quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 40 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Reliance by 3.2% in the 3rd quarter. HB Wealth Management LLC now owns 1,381 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Down 1.1%

RS stock opened at $291.62 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $365.59. The firm has a fifty day moving average price of $322.78 and a two-hundred day moving average price of $297.50. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.10 and a beta of 0.91.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business posted $2.22 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Research analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a $1.25 dividend. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, March 6th. Reliance’s dividend payout ratio is 35.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RS shares. Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lowered Reliance from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $340.00 to $330.00 in a report on Friday, February 20th. Wells Fargo & Company upped their price objective on Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Reliance has a consensus rating of “Hold” and an average price target of $324.33.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.