Fox Run Management L.L.C. Takes Position in Reliance, Inc. $RS

Fox Run Management L.L.C. acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,302 shares of the industrial products company’s stock, valued at approximately $723,000.

Several other large investors also recently added to or reduced their stakes in the business. TCTC Holdings LLC boosted its holdings in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Private Trust Co. NA boosted its position in Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 71 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Reliance in the first quarter worth $29,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after buying an additional 131 shares during the period. Finally, Hemington Wealth Management increased its stake in shares of Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 35 shares during the period. 79.26% of the stock is owned by institutional investors.

Reliance Stock Performance

RS stock opened at $275.36 on Monday. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The business’s fifty day moving average is $282.80 and its 200-day moving average is $296.30. The company has a market cap of $14.40 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) 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 net margin of 5.23% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio is 35.09%.

Analysts Set New Price Targets

Several research analysts have commented on RS shares. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company reduced their target price on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. BMO Capital Markets reduced their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. JPMorgan Chase & Co. decreased their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Reliance presently has an average rating of “Hold” and a consensus target price of $322.40.

Reliance Company 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.