Cwm LLC Acquires 133 Shares of Reliance, Inc. $RS

Cwm LLC increased its holdings in shares of Reliance, Inc. (NYSE:RS) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,545 shares of the industrial products company’s stock after buying an additional 133 shares during the quarter. Cwm LLC’s holdings in Reliance were worth $1,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised its position in Reliance by 10.7% in the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 33 shares during the last quarter. HB Wealth Management LLC grew its stake in Reliance by 2.6% during the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 34 shares during the period. Cordatus Wealth Management LLC grew its stake in Reliance by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 35 shares during the period. Hemington Wealth Management grew its stake in Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 35 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in Reliance by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company’s stock valued at $3,200,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Price Performance

Reliance stock opened at $272.10 on Monday. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $286.45 and a 200 day simple moving average of $295.75. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.30 and a beta of 0.87.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period last year, the firm earned $4.65 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, research analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.8%. Reliance’s payout ratio is 35.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Finally, Wells Fargo & Company upgraded Reliance to a “hold” rating in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $327.80.

Reliance Company Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.