Legal & General Group Plc acquired a new position in shares of Reliance, Inc. (NYSE:RS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 206,349 shares of the industrial products company’s stock, valued at approximately $77,092,000. Legal & General Group Plc owned about 0.40% of Reliance at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of RS. Costello Asset Management INC acquired a new position in Reliance in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. lifted its stake in shares of Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the last quarter. Quarry LP acquired a new position in shares of Reliance in the 3rd quarter valued at $32,000. Greenline Wealth Management LLC acquired a new position in shares of Reliance in the 4th quarter valued at $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Reliance by 87.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 55 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Reliance
In other Reliance news, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the sale, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on RS
Reliance Stock Up 0.1%
Shares of NYSE RS opened at $391.61 on Friday. The stock has a market cap of $20.00 billion, a P/E ratio of 22.77, a PEG ratio of 1.01 and a beta of 0.96. The business’s fifty day simple moving average is $397.42 and its 200-day simple moving average is $362.06. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $433.02. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22.
Reliance (NYSE:RS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.80. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Reliance, Inc. will post 22.23 EPS for the current fiscal year.
Reliance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance’s dividend payout ratio is currently 29.07%.
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.
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