Dynasty Wealth Management LLC Invests $495,000 in Reliance, Inc. $RS

Dynasty Wealth Management LLC bought a new position in Reliance, Inc. (NYSE:RS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,715 shares of the industrial products company’s stock, valued at approximately $495,000.

Other hedge funds also recently bought and sold shares of the company. Elevation Wealth Partners LLC bought a new position in Reliance in the 4th quarter worth $28,000. Quarry LP bought a new position in Reliance in the 3rd quarter worth $32,000. Elyxium Wealth LLC bought a new position in Reliance in the 4th quarter worth $36,000. Advisory Services Network LLC bought a new position in Reliance in the 3rd quarter worth $39,000. Finally, Sound Income Strategies LLC bought a new position in Reliance in the 4th quarter worth $40,000. Institutional investors own 79.26% of the company’s stock.

Reliance Stock Up 0.6%

RS opened at $396.28 on Friday. The firm has a 50-day simple moving average of $346.97 and a two-hundred day simple moving average of $320.89. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $401.41. The company has a market capitalization of $20.23 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 EPS. The business’s revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts forecast that Reliance, Inc. will post 18.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s dividend payout ratio is 32.62%.

Insider Activity

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the 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 completion of the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several 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. JPMorgan Chase & Co. upped their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. Two investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $352.33.

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.