Pure Financial Advisors LLC Invests $3.15 Million in Reliance, Inc. $RS

Pure Financial Advisors LLC acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to its most recent filing with the SEC. The fund acquired 8,433 shares of the industrial products company’s stock, valued at approximately $3,151,000.

Several other large investors have also added to or reduced their stakes in the stock. Costello Asset Management INC bought a new stake in shares of Reliance during the first quarter valued at about $30,000. Brown Brothers Harriman & Co. boosted 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 valued at $31,000 after acquiring an additional 50 shares during the period. Greenline Wealth Management LLC purchased a new position in Reliance during the fourth quarter valued at approximately $32,000. Quarry LP bought a new stake in Reliance during the 3rd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its stake in Reliance by 87.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

RS has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Reliance has an average rating of “Hold” and a consensus price target of $377.50.

Reliance Stock Up 1.8%

NYSE:RS opened at $390.63 on Thursday. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $433.02. The firm’s 50-day moving average price is $397.51 and its 200-day moving average price is $361.79. The company has a market capitalization of $19.95 billion, a PE ratio of 22.71, a P/E/G ratio of 0.99 and a beta of 0.96. 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 posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts predict that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $1.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

Insider Activity

In other news, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the transaction, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This represents a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by corporate insiders.

Reliance 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.