First National Bank of Omaha Acquires 3,970 Shares of Reliance, Inc. $RS

First National Bank of Omaha raised its holdings in Reliance, Inc. (NYSE:RS) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,612 shares of the industrial products company’s stock after acquiring an additional 3,970 shares during the quarter. First National Bank of Omaha owned about 0.06% of Reliance worth $9,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new stake in Reliance in the fourth quarter worth $28,000. Brown Brothers Harriman & Co. raised its holdings in Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Quarry LP acquired a new stake in Reliance in the third quarter worth $32,000. Elyxium Wealth LLC acquired a new stake in Reliance in the fourth quarter worth $36,000. Finally, Advisory Services Network LLC acquired a new stake in Reliance in the third quarter worth $39,000. 79.26% of the stock is owned by institutional investors.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Reliance Trading Up 0.8%

Shares of NYSE:RS opened at $413.65 on Friday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $417.25. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $359.01 and its 200 day simple moving average is $326.13. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.27 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 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business posted $3.77 earnings per share. The firm’s quarterly revenue 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, research analysts forecast that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

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

Analysts Set New Price Targets

RS has been the topic of several analyst reports. Wells Fargo & Company increased their target price 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. KeyCorp increased their target price on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Reliance from $345.00 to $378.00 and gave the stock a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $357.83.

About Reliance

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.