Fulcrum Wealth Advisors LLC Makes New $2.53 Million Investment in Reliance, Inc. $RS

Fulcrum Wealth Advisors LLC acquired a new position in shares of Reliance, Inc. (NYSE:RS) during the 4th quarter, Holdings Channel reports. The fund acquired 8,754 shares of the industrial products company’s stock, valued at approximately $2,529,000. Reliance comprises about 2.1% of Fulcrum Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. PFA Pension Forsikringsaktieselskab bought a new stake in Reliance during the fourth quarter worth approximately $61,317,000. Danske Bank A S raised its holdings in shares of Reliance by 3.1% in the fourth quarter. Danske Bank A S now owns 106,949 shares of the industrial products company’s stock worth $30,894,000 after buying an additional 3,212 shares during the period. Torren Management LLC purchased a new stake in shares of Reliance in the fourth quarter worth approximately $112,000. M&T Bank Corp raised its holdings in shares of Reliance by 22.5% in the fourth quarter. M&T Bank Corp now owns 5,852 shares of the industrial products company’s stock worth $1,690,000 after buying an additional 1,073 shares during the period. Finally, Investment Management Corp VA ADV raised its holdings in shares of Reliance by 3.1% in the fourth quarter. Investment Management Corp VA ADV now owns 1,662 shares of the industrial products company’s stock worth $480,000 after buying an additional 50 shares during the period. 79.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Reliance

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction 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 sale, the chief operating officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 34,175 shares of company stock valued at $10,966,902. 0.40% of the stock is currently owned by corporate insiders.

Reliance Stock Down 0.7%

Shares of NYSE:RS opened at $363.22 on Tuesday. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $368.22. The stock has a market cap of $18.54 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The business’s 50 day moving average is $316.50 and its 200 day moving average is $305.20. 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 announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.Reliance’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Sell-side analysts predict that Reliance, Inc. will post 18.7 EPS for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is 32.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Seaport Research Partners increased their price target on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company increased their price target on Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. KeyCorp increased their price target on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reliance has a consensus rating of “Hold” and an average price target of $344.67.

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.