United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Takes Position in Reliance, Inc. $RS

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Reliance, Inc. (NYSE:RS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 32,150 shares of the industrial products company’s stock, valued at approximately $9,287,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC acquired a new stake in shares of Reliance in the fourth quarter valued at $28,000. Quarry LP acquired a new stake in shares of Reliance in the third quarter valued at $32,000. Guerra Advisors Inc acquired a new stake in shares of Reliance in the third quarter valued at $34,000. Elyxium Wealth LLC acquired a new stake in shares of Reliance in the fourth quarter valued at $36,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Reliance in the fourth quarter valued at $40,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

Reliance stock opened at $377.16 on Friday. The business’s 50-day simple moving average is $337.51 and its 200 day simple moving average is $316.77. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.17 and a beta of 0.95. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $381.00. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last posted its quarterly earnings results 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 analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, research analysts anticipate that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is 32.62%.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RS. KeyCorp raised their target price on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price target on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company raised their price target on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. BMO Capital Markets raised their price target on 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 cut 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $344.67.

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.