1,858 Shares in Reliance, Inc. $RS Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in Reliance, Inc. (NYSE:RS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,858 shares of the industrial products company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Reliance by 6.8% in the 3rd quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock worth $729,528,000 after purchasing an additional 166,214 shares during the period. Boston Partners boosted its stake in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after purchasing an additional 484,286 shares during the period. Wellington Management Group LLP boosted its stake in Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after purchasing an additional 343,598 shares during the period. Franklin Resources Inc. boosted its stake in Reliance by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock worth $320,863,000 after purchasing an additional 51,894 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Seaport Research Partners increased their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a research note on Thursday, April 30th. The Goldman Sachs Group began coverage on shares of Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Finally, KeyCorp increased their price objective on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $344.67.

Reliance Stock Up 0.5%

Shares of RS stock opened at $363.98 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The firm’s 50-day moving average is $330.24 and its 200-day moving average is $313.37. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.12 and a beta of 0.95. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $381.00.

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

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s dividend payout ratio is currently 32.62%.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the 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 directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,175 shares of company stock valued at $10,966,902 in the last three months. 0.40% of the stock is currently owned by company insiders.

Reliance Company 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.