Insider Selling: Reliance (NYSE:RS) SVP Sells 2,353 Shares of Stock

Reliance, Inc. (NYSE:RS) SVP William Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the transaction, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Reliance Stock Down 2.7%

NYSE RS traded down $11.24 on Wednesday, reaching $403.09. The company had a trading volume of 350,860 shares, compared to its average volume of 356,923. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $419.83. The firm has a 50-day moving average of $388.97 and a 200-day moving average of $349.34. The firm has a market capitalization of $20.58 billion, a PE ratio of 23.44, a P/E/G ratio of 1.16 and a beta of 0.97.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts anticipate that Reliance, Inc. will post 19.84 EPS for the current fiscal year.

Reliance Dividend Announcement

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

Institutional Trading of Reliance

Several institutional investors and hedge funds have recently bought and sold shares of RS. ProCore Advisors LLC bought a new stake in Reliance during the fourth quarter valued at $18,787,000. Arjuna Capital acquired a new stake in shares of Reliance during the fourth quarter worth $1,838,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of Reliance in the 4th quarter worth about $61,317,000. Forsta AP Fonden bought a new position in shares of Reliance in the 4th quarter worth about $2,022,000. Finally, Fulcrum Wealth Advisors LLC acquired a new position in shares of Reliance in the 4th quarter valued at about $2,529,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

RS has been the subject of several recent analyst reports. KeyCorp raised their target price on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Citigroup reissued a “neutral” rating on shares of Reliance in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Reliance from $372.00 to $398.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $378.67.

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.