Reliance, Inc. $RS Position Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its position in shares of Reliance, Inc. (NYSE:RS) by 1.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 30,049 shares of the industrial products company’s stock after selling 455 shares during the quarter. MetLife Investment Management LLC’s holdings in Reliance were worth $8,677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cordatus Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 35 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Reliance by 18.0% during the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 35 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Reliance by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company’s stock worth $3,200,000 after acquiring an additional 38 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Reliance by 11.1% during the first quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 40 shares in the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of Reliance by 2.8% during the fourth quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company’s stock worth $436,000 after acquiring an additional 44 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Price Performance

NYSE RS opened at $295.44 on Wednesday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The stock’s 50-day moving average is $307.48 and its two-hundred day moving average is $296.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. The firm has a market cap of $15.54 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89.

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

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Reliance’s dividend payout ratio (DPR) is 35.04%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company upgraded Reliance to a “hold” rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Reliance presently has an average rating of “Hold” and an average target price of $323.50.

Reliance 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.