20,000 Shares in Reliance, Inc. $RS Purchased by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp acquired a new position in shares of Reliance, Inc. (NYSE:RS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the industrial products company’s stock, valued at approximately $6,078,000. Reliance accounts for approximately 1.8% of Mendon Capital Advisors Corp’s portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in shares of Reliance in the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. lifted its position in shares of Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance during the fourth quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Reliance during the third quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust grew its position in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Price Performance

NYSE RS opened at $408.04 on Monday. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $386.93 and a 200 day simple moving average of $347.80. The company has a market cap of $20.83 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.17 and a beta of 0.97. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $419.83.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts predict that Reliance, Inc. will post 19.84 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price objective on the stock. Seaport Research Partners lifted their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. BMO Capital Markets boosted their price target on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Reliance has an average rating of “Hold” and an average price target of $367.83.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance reported Q2 earnings per share of $6.27, ahead of estimates and above management’s prior guidance, while revenue rose 26.5% year over year to $4.63 billion. Article Title
• Positive Sentiment: The company said record quarterly tons sold, stronger customer activity, and firm pricing supported results, with the U.S. border wall project contributing more than expected to earnings. Article Title
• Positive Sentiment: Management issued upbeat Q3 guidance of $6.40 to $6.60 per share, signaling continued momentum after the strong quarter. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 but kept an “equal weight” rating, suggesting improved expectations without a major change in stance. Article Title
• Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but not changing the core operating story. Article Title

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.