Tributary Capital Management LLC Buys New Holdings in Reliance, Inc. $RS

Tributary Capital Management LLC purchased a new position in Reliance, Inc. (NYSE:RS) during the third quarter, HoldingsChannel reports. The fund purchased 4,588 shares of the industrial products company’s stock, valued at approximately $1,288,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Allworth Financial LP boosted its position in shares of Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 44 shares during the last quarter. Caldwell Trust Co bought a new position in shares of Reliance during the second quarter worth $58,000. Transamerica Financial Advisors LLC grew its stake in Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 48 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Reliance in the 2nd quarter valued at $68,000. 79.26% of the stock is currently owned by institutional investors.

Insider Transactions at Reliance

In other Reliance news, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.56, for a total value of $869,394.96. Following the completion of the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at $3,975,794.76. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Karla R. Lewis sold 5,809 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the transaction, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is currently owned by insiders.

Reliance Price Performance

Shares of Reliance stock opened at $300.59 on Thursday. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The stock has a 50 day moving average price of $283.54 and a 200-day moving average price of $291.66. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Reliance had a net margin of 5.23% and a return on equity of 10.37%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, November 21st. Reliance’s dividend payout ratio (DPR) is 35.09%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. KeyCorp reissued an “overweight” rating on shares of Reliance in a research note on Wednesday. Zacks Research cut Reliance from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $317.25.

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.