Rep. Julie Johnson Sells Reliance, Inc. (NYSE:RS) Shares

Representative Julie Johnson (D-Texas) recently sold shares of Reliance, Inc. (NYSE:RS). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Reliance stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Reliance Trading Up 1.1%

NYSE RS opened at $303.96 on Friday. The firm has a market capitalization of $15.98 billion, a P/E ratio of 19.69 and a beta of 0.91. The business has a fifty day simple moving average of $284.80 and a 200 day simple moving average of $290.02. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $326.87. The company has a current ratio of 3.21, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $0.11. Reliance had a return on equity of 11.87% and a net margin of 6.33%. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the firm posted $5.30 EPS. Reliance’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 23rd. Reliance’s payout ratio is currently 34.41%.

Insider Transactions at Reliance

In other news, CEO Karla R. Lewis sold 31,136 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $300.52, for a total transaction of $9,356,990.72. Following the completion of the transaction, the chief executive officer now owns 90,230 shares in the company, valued at approximately $27,115,919.60. This represents a 25.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, KeyCorp raised their target price on Reliance from $321.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $319.00.

Institutional Investors Weigh In On Reliance

Several large investors have recently made changes to their positions in the business. TCTC Holdings LLC grew its stake in shares of Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 50 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Reliance during the 1st quarter worth $29,000. Wayfinding Financial LLC bought a new position in shares of Reliance during the 1st quarter worth $30,000. Transamerica Financial Advisors LLC grew its stake in shares of Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 131 shares during the period. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Reliance by 224.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 128 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

About Reliance

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.