Fox Run Management L.L.C. Invests $1.23 Million in Reliance, Inc. $RS

Fox Run Management L.L.C. purchased a new stake in shares of Reliance, Inc. (NYSE:RS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,246 shares of the industrial products company’s stock, valued at approximately $1,227,000.

A number of other large investors have also added to or reduced their stakes in RS. Norges Bank acquired a new stake in Reliance during the 4th quarter valued at $207,691,000. Alliancebernstein L.P. grew its holdings in Reliance by 899.4% during the 3rd quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after purchasing an additional 660,128 shares in the last quarter. Boston Partners grew its holdings in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP grew its holdings in Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in 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 valued at $79,210,000 after purchasing an additional 268,139 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. 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 report on Thursday, April 30th. KeyCorp raised their price objective on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. The Goldman Sachs Group assumed coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $352.33.

Reliance Trading Up 1.5%

Reliance stock opened at $402.35 on Wednesday. The firm’s 50-day moving average is $352.86 and its 200-day moving average is $323.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $403.68. The company has a market cap of $20.54 billion, a P/E ratio of 26.25, a PEG ratio of 1.23 and a beta of 0.95.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities analysts expect 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 was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.

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.