Hudson Bay Capital Management LP Buys Shares of 18,144 Reliance, Inc. $RS

Hudson Bay Capital Management LP bought a new position in Reliance, Inc. (NYSE:RS) in the 3rd quarter, HoldingsChannel reports. The fund bought 18,144 shares of the industrial products company’s stock, valued at approximately $5,095,000.

Several other large investors also recently made changes to their positions in RS. Masso Torrence Wealth Management Inc. boosted its position in shares of Reliance by 3.3% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock worth $322,000 after buying an additional 37 shares during the period. Farther Finance Advisors LLC grew its holdings in Reliance by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after buying an additional 38 shares in the last quarter. Choreo LLC increased its position in Reliance by 2.9% in the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after acquiring an additional 39 shares during the period. Stonegate Investment Group LLC raised its stake in Reliance by 5.0% during the 3rd quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 40 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in Reliance by 3.2% during the 3rd quarter. HB Wealth Management LLC now owns 1,381 shares of the industrial products company’s stock valued at $388,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Down 1.1%

Shares of RS stock opened at $291.62 on Friday. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The business’s fifty day moving average is $322.78 and its 200-day moving average is $297.45. The stock has a market cap of $15.09 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.11 and a beta of 0.91.

Reliance (NYSE:RS) last announced 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 net margin of 5.17% and a return on equity of 10.45%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the company earned $2.22 EPS. The company’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 analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RS shares. KeyCorp reissued an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Reliance from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. BMO Capital Markets lowered shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $340.00 to $320.00 in a research report on Friday, February 20th. Wells Fargo & Company raised their target price on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $324.33.

Insider Activity

In other news, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.35% of the company’s stock.

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.