Lodge Hill Capital LLC Makes New Investment in Reliance, Inc. $RS

Lodge Hill Capital LLC bought a new position in Reliance, Inc. (NYSE:RS) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 85,000 shares of the industrial products company’s stock, valued at approximately $25,833,000. Reliance comprises about 3.8% of Lodge Hill Capital LLC’s holdings, making the stock its 12th largest position.

Other hedge funds have also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of Reliance in the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. increased its stake in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in Reliance during the fourth quarter worth approximately $32,000. Quarry LP purchased a new stake in Reliance during the third quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust raised 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 during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Stock Down 2.7%

Shares of NYSE RS opened at $403.09 on Thursday. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $419.83. The firm has a 50-day simple moving average of $389.80 and a two-hundred day simple moving average of $350.01. The company has a market cap of $20.58 billion, a P/E ratio of 23.44, a PEG ratio of 1.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27.

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

Reliance Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RS shares. JPMorgan Chase & Co. dropped their target price on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. KeyCorp boosted their target price on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of Reliance in a report on Wednesday. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Seaport Research Partners lifted their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $378.67.

Insider Buying and Selling

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

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.