EntryPoint Capital LLC Takes Position in Reliance, Inc. $RS

EntryPoint Capital LLC bought a new stake in Reliance, Inc. (NYSE:RS) in the 1st quarter, Holdings Channel reports. The institutional investor bought 1,012 shares of the industrial products company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Merewether Investment Management LP acquired a new position in shares of Reliance in the 4th quarter valued at approximately $9,963,000. GAMMA Investing LLC increased its position in Reliance by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 143 shares in the last quarter. NDVR Inc. increased its position in Reliance by 5.8% during the 4th quarter. NDVR Inc. now owns 882 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 48 shares in the last quarter. SG Americas Securities LLC increased its position in Reliance by 567.7% during the 1st quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 4,786 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Reliance by 3.5% during the 4th quarter. BNP Paribas Financial Markets now owns 23,469 shares of the industrial products company’s stock worth $6,319,000 after purchasing an additional 787 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 2.9%

Shares of NYSE RS opened at $294.07 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The firm has a 50 day moving average price of $307.99 and a two-hundred day moving average price of $296.35. The stock has a market cap of $15.47 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $4.65 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Reliance’s dividend payout ratio is 35.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RS shares. Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $323.50.

Reliance Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.