Mutual of America Capital Management LLC Cuts Stock Position in Reliance, Inc. $RS

Mutual of America Capital Management LLC reduced its position in Reliance, Inc. (NYSE:RS) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,152 shares of the industrial products company’s stock after selling 1,702 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Reliance were worth $8,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc grew its position in Reliance by 10.7% during the 2nd quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 33 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Reliance by 2.6% in the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 34 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Reliance by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 35 shares during the last quarter. 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 buying an additional 35 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Reliance by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company’s stock valued at $3,200,000 after buying an additional 38 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RS shares. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Finally, Wells Fargo & Company upgraded Reliance to a “hold” rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $327.80.

Reliance Trading Up 2.5%

NYSE RS opened at $278.41 on Tuesday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The stock has a 50 day simple moving average of $286.36 and a two-hundred day simple moving average of $295.85. The stock has a market cap of $14.64 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87.

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

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.