Reliance (NYSE:RS) SVP Sells $1,975,305.15 in Stock

Reliance, Inc. (NYSE:RS) SVP William Smith II sold 6,615 shares of Reliance stock in a transaction on 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 directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Reliance Stock Down 2.8%

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 firm has a market cap of $15.50 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.17 and a beta of 0.91. The firm’s 50-day simple moving average is $323.45 and its 200-day simple moving average is $297.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the company posted $2.22 earnings per share. Reliance’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. Equities research analysts anticipate 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 paid 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 is Friday, March 6th. Reliance’s payout ratio is presently 35.79%.

Hedge Funds Weigh In On Reliance

Several hedge funds have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new stake in Reliance during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. boosted its stake in shares of Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance during the 4th quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Reliance during the 3rd quarter worth approximately $32,000. Finally, Guerra Advisors Inc bought a new stake in shares of Reliance during the third quarter worth approximately $34,000. Institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

RS has been the subject of a number of research reports. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Wells Fargo & Company raised their price objective on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. lowered shares of Reliance from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Reliance currently has a consensus rating of “Hold” and a consensus price target of $324.33.

More Reliance News

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 Company 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.