Brandywine Global Investment Management LLC Has $10.59 Million Stock Holdings in Reliance, Inc. $RS

Brandywine Global Investment Management LLC lifted its stake in Reliance, Inc. (NYSE:RS) by 3.6% during the fourth quarter, HoldingsChannel reports. The fund owned 36,655 shares of the industrial products company’s stock after purchasing an additional 1,268 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Reliance were worth $10,589,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RS. Norges Bank acquired a new position in shares of Reliance in the fourth quarter worth $207,691,000. Alliancebernstein L.P. lifted its stake in Reliance by 899.4% in the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after acquiring an additional 660,128 shares during the last quarter. Boston Partners lifted its stake in Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the last quarter. Wellington Management Group LLP grew its position in Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after acquiring an additional 343,598 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Reliance by 4,419.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 274,206 shares of the industrial products company’s stock worth $79,210,000 after purchasing an additional 268,139 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America lowered 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. KeyCorp raised their target price on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wells Fargo & Company increased their price objective on Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $352.33.

Reliance Stock Up 1.5%

RS stock opened at $402.35 on Wednesday. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. The company has a 50-day moving average of $352.86 and a two-hundred day moving average of $323.66. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $403.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $3.77 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, equities research analysts anticipate that Reliance, Inc. will post 18.98 EPS for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $1.25 per share. The ex-dividend date was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio is presently 32.62%.

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.