Fox Run Management L.L.C. Invests $1.23 Million in Reliance, Inc. $RS

Fox Run Management L.L.C. bought a new position in shares of Reliance, Inc. (NYSE:RS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,246 shares of the industrial products company’s stock, valued at approximately $1,227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC acquired a new position in Reliance during the fourth quarter worth about $28,000. Quarry LP acquired a new position in Reliance during the third quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in Reliance during the fourth quarter worth about $36,000. Advisory Services Network LLC acquired a new position in Reliance during the third quarter worth about $39,000. Finally, Sound Income Strategies LLC acquired a new position in Reliance during the fourth quarter worth about $40,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Stock Up 1.5%

Shares of NYSE RS opened at $402.35 on Wednesday. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $403.68. The company has a market capitalization of $20.54 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The firm’s 50-day moving average is $352.86 and its two-hundred day moving average is $323.66.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Equities analysts anticipate that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. Reliance’s dividend payout ratio is presently 32.62%.

Analysts Set New Price Targets

Several research analysts have weighed in on RS shares. Wells Fargo & Company upped their target price on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Seaport Research Partners upped their target price on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. BMO Capital Markets upped their price target on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $352.33.

Insider Activity

In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.40% 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.