CWA Asset Management Group LLC Makes New Investment in Reliance, Inc. $RS

CWA Asset Management Group LLC bought a new stake in Reliance, Inc. (NYSE:RS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,647 shares of the industrial products company’s stock, valued at approximately $10,297,000. CWA Asset Management Group LLC owned 0.07% of Reliance as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in RS. Foundations Investment Advisors LLC acquired a new stake in Reliance in the 3rd quarter valued at approximately $1,576,000. Principal Financial Group Inc. boosted its position in Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after acquiring an additional 30,765 shares during the period. First National Advisers LLC acquired a new position in Reliance during the 3rd quarter worth $1,948,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Reliance in the third quarter worth $873,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Reliance by 293.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock worth $9,814,000 after purchasing an additional 26,055 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. lowered shares of Reliance from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $340.00 to $330.00 in a research report on Friday, February 20th. BMO Capital Markets cut shares of Reliance from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $340.00 to $320.00 in a research note on Friday, February 20th. KeyCorp restated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Finally, Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.33.

Insider Activity

In other news, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.35% of the company’s stock.

Reliance Price Performance

Shares of NYSE:RS opened at $291.62 on Friday. The company’s fifty day moving average is $322.78 and its two-hundred day moving average is $297.45. The company has a market cap of $15.09 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 1.11 and a beta of 0.91. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the business earned $2.22 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Equities analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $1.25 per share. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.7%. Reliance’s dividend payout ratio (DPR) is presently 35.79%.

Reliance 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.