Korea Investment CORP Sells 3,243 Shares of Reliance, Inc. $RS

Korea Investment CORP cut its holdings in shares of Reliance, Inc. (NYSE:RS) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,580 shares of the industrial products company’s stock after selling 3,243 shares during the period. Korea Investment CORP’s holdings in Reliance were worth $7,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RS. Boston Partners raised its stake in shares of Reliance by 72.6% during the second quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock worth $552,461,000 after buying an additional 741,417 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Reliance by 2.5% in the second quarter. Franklin Resources Inc. now owns 1,090,657 shares of the industrial products company’s stock valued at $342,357,000 after buying an additional 26,545 shares during the period. Principal Financial Group Inc. boosted its stake in Reliance by 4.2% in the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after acquiring an additional 30,765 shares during the last quarter. American Century Companies Inc. grew its holdings in Reliance by 7.7% during the 3rd quarter. American Century Companies Inc. now owns 675,110 shares of the industrial products company’s stock worth $189,592,000 after acquiring an additional 48,220 shares during the period. Finally, Norges Bank acquired a new stake in Reliance during the 2nd quarter worth $207,741,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance’s metals unit AMI Metals won large U.S. infrastructure and defense contracts (multi‑billion scope) to supply steel/aluminum for Southwest border projects and Lockheed Martin programs — this supports near‑term revenue visibility for RS’s processing/supply franchises. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: The company recently increased its quarterly dividend (from $1.20 to $1.25), raising the annualized payout to $5.00 — a cash‑return signal that can support investor sentiment and income demand for the stock. Reliance Price Performance / Dividend Note
• Neutral Sentiment: Multiple analyst notes are mixed: some firms trimmed ratings/targets while others raised or reiterated targets — the consensus remains a “Hold” with an average target near $324, leaving room but no strong catalyst from upgrades alone. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Several widely circulated Indian news stories report the Enforcement Directorate attaching assets worth Rs 581 crore in a case involving Anil Ambani’s Reliance group. Those headlines refer to a different corporate group (Anil Ambani’s Reliance) and are unrelated to Reliance Steel & Aluminum Co. (RS), but the name overlap can create short‑term confusion and headline‑driven volatility. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: An insider (SVP William Smith II) sold 6,615 shares recently; while insider sales can be routine, the disclosed sale added to near‑term selling pressure. SEC Form 4 – Insider Sale
• Negative Sentiment: Last reported quarter showed an EPS miss (reported $2.40 vs. ~$2.80 consensus) despite ~12% revenue growth; that earnings shortfall remains a near‑term concern until margin recovery or upside execution becomes evident. Guidance for Q1 was provided (4.50–4.70 EPS) — monitor upcoming results vs. expectations. Reliance earnings summary

Reliance Trading Down 2.8%

Shares of NYSE RS opened at $299.57 on Friday. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $365.59. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.17 and a beta of 0.91. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $323.45 and its 200-day moving average is $297.40.

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

Reliance Increases Dividend

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

Insider Transactions at Reliance

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RS shares. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and cut their price target for the company from $340.00 to $330.00 in a research note on Friday, February 20th. KeyCorp reaffirmed an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BMO Capital Markets cut Reliance from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $340.00 to $320.00 in a report on Friday, February 20th. Finally, Wells Fargo & Company boosted their target price on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $324.33.

Reliance Profile

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.