King Luther Capital Management Corp Cuts Stock Position in Reliance, Inc. $RS

King Luther Capital Management Corp trimmed its holdings in Reliance, Inc. (NYSE:RS) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 133,012 shares of the industrial products company’s stock after selling 2,225 shares during the period. King Luther Capital Management Corp’s holdings in Reliance were worth $41,752,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Focus Partners Wealth boosted its holdings in shares of Reliance by 387.5% in the first quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after acquiring an additional 5,886 shares during the period. Plato Investment Management Ltd grew its holdings in shares of Reliance by 478.2% during the first quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock valued at $1,536,000 after purchasing an additional 4,352 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Reliance by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock valued at $133,196,000 after buying an additional 46,377 shares during the last quarter. William Blair Investment Management LLC bought a new position in Reliance in the 2nd quarter worth about $72,373,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Reliance by 46.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,266 shares of the industrial products company’s stock valued at $16,435,000 after purchasing an additional 15,975 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Price Performance

Reliance stock opened at $275.36 on Friday. The stock’s 50 day moving average price is $282.80 and its two-hundred day moving average price is $296.21. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, equities analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is 35.09%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RS. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. BMO Capital Markets reduced their price objective on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Wells Fargo & Company dropped their price objective on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a report on Friday, October 24th. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $322.40.

Reliance Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.