Quadcap Wealth Management LLC Makes New Investment in Reliance, Inc. $RS

Quadcap Wealth Management LLC bought a new stake in Reliance, Inc. (NYSE:RS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,350 shares of the industrial products company’s stock, valued at approximately $519,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RS. Costello Asset Management INC acquired a new stake in shares of Reliance during the 1st quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new position in Reliance in the second quarter valued at about $37,000. Compass Financial Management LLC acquired a new position in Reliance in the second quarter valued at about $46,000. Osterweis Capital Management Inc. bought a new stake in Reliance during the second quarter worth about $41,000. Finally, Reyes Financial Architecture Inc. bought a new stake in Reliance during the third quarter worth about $43,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Reliance across several periods, including FY2026 to $26.86 per share from $22.57 and FY2027 to $24.29 from $21.24, while maintaining a Strong Buy rating. The revisions may support investor confidence in the company’s earnings outlook. Reliance analyst coverage
• Positive Sentiment: Citigroup raised its price target to $460 from $420, implying potential upside from the cited share price, though it kept a Neutral rating. Citigroup recommendations
• Neutral Sentiment: One report puts the consensus target at $400.29, below the cited share price, which tempers the more optimistic target revision. Consensus target price report
• Neutral Sentiment: News about Jio’s new connectivity and data plans, and Reliance Industries’ possible entry into the biscuit market, relates to other Reliance-branded businesses—not Reliance, Inc. (RS)—so it does not directly explain RS’s share movement. Reliance Jio plan article

Analysts Set New Price Targets

Several research firms have recently weighed in on RS. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Barclays boosted their target price on Reliance from $420.00 to $445.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. Wells Fargo & Company increased their price target on Reliance from $391.00 to $420.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. raised their price target on Reliance from $400.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets lifted their price objective on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $407.75.

Insider Buying and Selling at Reliance

In related news, COO Stephen Koch sold 8,334 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total value of $3,590,870.58. Following the completion of the transaction, the chief operating officer owned 8,209 shares in the company, valued at $3,537,011.83. The trade was a 50.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Reliance Price Performance

NYSE RS traded up $2.75 on Friday, hitting $416.79. 327,146 shares of the company were exchanged, compared to its average volume of 300,926. Reliance, Inc. has a 1-year low of $263.12 and a 1-year high of $454.93. The firm has a 50 day moving average of $404.89 and a two-hundred day moving average of $371.05. The company has a current ratio of 4.12, a quick ratio of 2.22 and a debt-to-equity ratio of 0.21. The company has a market cap of $21.23 billion, a P/E ratio of 19.43, a P/E/G ratio of 0.94 and a beta of 0.95.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.83 by $1.19. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter last year, the company posted $3.64 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that Reliance, Inc. will post 26.54 EPS for the current year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Reliance’s dividend payout ratio (DPR) is currently 23.31%.

About Reliance

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.