Tudor Investment Corp ET AL Has $11.66 Million Stake in Reliance, Inc. $RS

Tudor Investment Corp ET AL lifted its position in Reliance, Inc. (NYSE:RS) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,526 shares of the industrial products company’s stock after buying an additional 3,724 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Reliance were worth $11,662,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC acquired a new position in shares of Reliance during the 3rd quarter worth $1,576,000. Principal Financial Group Inc. raised its holdings in shares of Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after purchasing an additional 30,765 shares in the last quarter. First National Advisers LLC acquired a new stake in shares of Reliance in the 3rd quarter valued at $1,948,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Reliance in the 3rd quarter valued at $873,000. Finally, CenterBook Partners LP bought a new stake in Reliance in the third quarter worth $3,293,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RS has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Wells Fargo & Company upped their price target on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $340.00 to $330.00 in a research note on Friday, February 20th. Finally, The Goldman Sachs Group started coverage on Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $322.80.

Reliance Stock Performance

NYSE:RS opened at $305.43 on Monday. The firm’s 50-day moving average is $318.66 and its 200-day moving average is $298.11. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $365.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.15 and a beta of 0.88.

Reliance (NYSE:RS) last released its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.40). Reliance had a net margin of 5.17% and a return on equity of 10.45%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the previous year, the business posted $2.22 EPS. The firm’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 research analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $1.25 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio is 35.79%.

Reliance Company 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.