Reliance (NYSE:RS) CFO Sells $902,242.00 in Stock

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

Reliance Stock Performance

Shares of RS stock opened at $417.75 on Friday. The company has a fifty day moving average price of $394.63 and a two-hundred day moving average price of $354.08. Reliance, Inc. has a one year low of $260.31 and a one year high of $424.77. The stock has a market cap of $21.33 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.13 and a beta of 0.96. 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 (NYSE:RS) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping the consensus estimate 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%. Reliance’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 business earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Reliance, Inc. will post 21.33 EPS for the current year.

Reliance Dividend Announcement

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

Institutional Trading of Reliance

Several institutional investors have recently added to or reduced their stakes in RS. Parallel Advisors LLC lifted its stake in Reliance by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock valued at $580,000 after purchasing an additional 31 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Reliance by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after buying an additional 34 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Reliance by 1.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after buying an additional 35 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Reliance by 4.8% in the 1st quarter. Kathmere Capital Management LLC now owns 824 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 38 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Reliance by 27.6% in the 1st quarter. Root Financial Partners LLC now owns 185 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 40 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RS shares. BMO Capital Markets raised their price objective on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Zacks Research raised Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday. 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. Wall Street Zen raised Reliance from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $378.67.

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.