Reliance (NYSE:RS) Trading 6% Higher After Earnings Beat

Reliance, Inc. (NYSE:RS)’s stock price rose 6% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $413.96 and last traded at $409.2840. 92,942 shares were traded during trading, a decline of 74% from the average daily volume of 352,614 shares. The stock had previously closed at $386.21.

The industrial products company reported $6.27 earnings per share for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the business earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance delivered a strong Q2 beat on both earnings and revenue, with higher sales volumes and significantly improved profitability. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company issued third-quarter EPS guidance of $6.40-$6.60, above analyst expectations, which suggests management sees continued strength ahead. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Reliance declared a quarterly dividend of $1.25 per share, reinforcing its shareholder return profile, though this is unlikely to be the main driver of the stock move. Benzinga dividend note
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372, but kept an equal weight rating and the new target still sits below the current share price, limiting the bullish signal. Benzinga price target update

Analyst Ratings Changes

RS has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. The Goldman Sachs Group started coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company upped their price objective on Reliance from $372.00 to $398.00 and gave the company an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Reliance presently has an average rating of “Hold” and an average target price of $367.83.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several hedge funds have recently modified their holdings of RS. Costello Asset Management INC acquired a new position in shares of Reliance in the 1st quarter valued at $30,000. Brown Brothers Harriman & Co. lifted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of Reliance in the fourth quarter worth about $32,000. Quarry LP acquired a new position in Reliance during the 3rd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust boosted its holdings 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 acquiring an additional 55 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Reliance Price Performance

The company’s 50-day simple moving average is $385.48 and its 200-day simple moving average is $346.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.18 and a beta of 0.97.

About Reliance

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.