Reliance (NYSE:RS) COO Stephen Paul Koch Sells 24,060 Shares of Stock

Reliance, Inc. (NYSE:RS) COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer owned 14,021 shares in the company, valued at $4,509,434.02. This represents a 63.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Stephen Paul Koch also recently made the following trade(s):

• On Monday, December 1st, Stephen Paul Koch sold 3,066 shares of Reliance stock. The stock was sold at an average price of $283.56, for a total value of $869,394.96.

Reliance Trading Down 1.3%

Reliance stock traded down $4.20 during trading hours on Thursday, hitting $312.54. The stock had a trading volume of 21,902 shares, compared to its average volume of 361,070. The business’s 50 day simple moving average is $319.37 and its 200-day simple moving average is $295.78. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.90 and a beta of 0.92. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.40). The business had revenue of $3.50 billion for 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 revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, equities analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a $1.25 dividend. This is an increase from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Reliance’s dividend payout ratio is presently 34.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RS shares. Wells Fargo & Company boosted their price objective on Reliance from $287.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. KeyCorp restated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut shares of Reliance from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $340.00 to $330.00 in a report on Friday, February 20th. Finally, BMO Capital Markets downgraded shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $321.67.

Institutional Trading of Reliance

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Reliance by 6.6% in the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares during the period. Empowered Funds LLC grew its position in Reliance by 4.8% during the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after buying an additional 258 shares during the period. Geneos Wealth Management Inc. grew its position in Reliance by 99.2% during the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after buying an additional 131 shares during the period. AlphaQuest LLC increased its holdings in Reliance by 428.3% during the second quarter. AlphaQuest LLC now owns 1,458 shares of the industrial products company’s stock worth $458,000 after buying an additional 1,182 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Reliance in the second quarter worth about $204,000. Institutional investors own 79.26% of the company’s stock.

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.