Arthur Ajemyan Sells 2,200 Shares of Reliance (NYSE:RS) Stock

Reliance, Inc. (NYSE:RS) CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the sale, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Reliance Stock Up 1.5%

RS stock opened at $421.14 on Thursday. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $424.77. The business has a 50-day simple moving average of $393.82 and a 200 day simple moving average of $353.42. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.50 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Reliance, Inc. will post 21.33 EPS for the current fiscal year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 14th. Reliance’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RS shares. Wall Street Zen upgraded shares of Reliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. KeyCorp increased their price target on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. BMO Capital Markets upped their target price on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company increased their target price on Reliance from $372.00 to $398.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $378.67.

Hedge Funds Weigh In On Reliance

A number of institutional investors and hedge funds have recently made changes to their positions in RS. Norges Bank bought a new stake in shares of Reliance during the fourth quarter valued at approximately $207,691,000. Boston Partners increased its stake in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP increased its stake in Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Reliance by 1,019.0% in the fourth quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock valued at $98,758,000 after buying an additional 311,323 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Reliance by 4,419.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 274,206 shares of the industrial products company’s stock valued at $79,210,000 after buying an additional 268,139 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks upgraded Reliance to “Strong Buy” from “Hold,” adding momentum to the recent rally and signaling confidence in the company’s earnings outlook. Zacks.com
• Positive Sentiment: Rising earnings estimates are supporting the stock. Zacks said recent estimate revisions indicate Reliance’s shares could continue moving higher in the near term. Earnings Estimates Moving Higher for Reliance
• Positive Sentiment: Reliance was added to Zacks’ Rank #1 “Strong Buy” lists, including its income-stock list, reinforcing the bullish analyst-driven narrative. New Strong Buy Stocks for August 4th
• Positive Sentiment: The company’s latest quarter exceeded expectations, with adjusted EPS of $6.27 versus a $5.47 consensus estimate and revenue of $4.63 billion versus $4.26 billion expected. Revenue increased 26.5% year over year, while third-quarter EPS guidance of $6.40–$6.60 remains constructive.
• Neutral Sentiment: Reliance announced a quarterly dividend of $1.25 per share, equivalent to a $5.00 annual payout and an approximately 1.2% yield. The dividend supports income appeal but is unlikely to be a major short-term catalyst.
• Negative Sentiment: CFO Arthur Ajemyan sold 2,200 shares for approximately $902,242, reducing his holdings by 13.06%. The sale is a modest negative insider signal, although he continues to own 14,640 shares. Reliance CFO Insider Sale
• Negative Sentiment: Valuation and analyst caution could limit further gains: Reliance trades above the reported average analyst target of $378.67, while the consensus rating remains “Hold,” including one “Sell” rating.

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.