Teacher Retirement System of Texas Has $19.76 Million Stock Holdings in Reliance, Inc. $RS

Teacher Retirement System of Texas raised its stake in Reliance, Inc. (NYSE:RS) by 351.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 62,947 shares of the industrial products company’s stock after acquiring an additional 49,007 shares during the period. Teacher Retirement System of Texas’ holdings in Reliance were worth $19,759,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RS. TCTC Holdings LLC lifted its stake in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Private Trust Co. NA lifted its stake in Reliance by 417.6% in the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Reliance in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in Reliance in the first quarter valued at approximately $30,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after buying an additional 131 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets cut their price objective on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Wells Fargo & Company cut their price objective on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Reliance has a consensus rating of “Hold” and a consensus price target of $322.40.

Reliance Price Performance

Shares of RS opened at $280.55 on Wednesday. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.44 and a beta of 0.87. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. The company’s fifty day simple moving average is $285.07 and its 200 day simple moving average is $296.12. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.Reliance’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, research analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s payout ratio is presently 35.09%.

About Reliance

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.