Why Reliance (RS) Stock Is Up Today

Reliance, Inc. (RS) is up 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a strong second-quarter earnings report that beat management’s prior guidance and showed accelerating demand across several end markets. Investors also appear to be reacting to better-than-expected contributions from a large U.S. border wall project, record shipment volume, and a bullish third-quarter earnings outlook.

Details:

Second-quarter earnings per share came in above the high end of management’s guidance, while net sales rose sequentially and year over year.

Reliance posted record quarterly tons sold, helped by improving customer activity, longer mill lead times, and firm pricing across its metals portfolio.

The company said the U.S. border wall contract contributed more to earnings than expected during the quarter and began adding to results in April.

Management guided for third-quarter non-GAAP earnings per share of $6.40 to $6.60, implying strong growth from the year-ago period.

Sources:

Reliance, Inc. Investor Relations, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RS Insider Trading Activity

$RS insiders have traded $RS stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $RS stock by insiders over the last 6 months:

STEPHEN PAUL KOCH (Exec. VP, COO) has made 0 purchases and 3 sales selling 24,060 shares for an estimated $7,738,272.
WILLIAM A II SMITH (SVP, General Counsel, Corp Sec) has made 0 purchases and 2 sales selling 6,615 shares for an estimated $1,975,325.
ARTHUR AJEMYAN (SVP, CFO) has made 0 purchases and 3 sales selling 3,500 shares for an estimated $1,253,403.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$RS Hedge Fund Activity

We have seen 279 institutional investors add shares of $RS stock to their portfolio, and 265 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 595,753 shares (+63.7%) to their portfolio in Q1 2026, for an estimated $181,061,251
HOLOCENE ADVISORS, LP removed 398,512 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $121,115,767
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 266,131 shares (-97.1%) from their portfolio in Q1 2026, for an estimated $80,882,533
BLACKROCK, INC. added 181,924 shares (+3.2%) to their portfolio in Q1 2026, for an estimated $55,290,342
WELLINGTON MANAGEMENT GROUP LLP removed 166,964 shares (-10.4%) from their portfolio in Q1 2026, for an estimated $50,743,698
PANAGORA ASSET MANAGEMENT INC added 151,016 shares (+290.9%) to their portfolio in Q1 2026, for an estimated $45,896,782
AMERICAN CENTURY COMPANIES INC removed 149,368 shares (-21.6%) from their portfolio in Q1 2026, for an estimated $45,395,922

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RS Price Targets

Multiple analysts have issued price targets for $RS recently. We have seen 7 analysts offer price targets for $RS in the last 6 months, with a median target of $378.0.

Here are some recent targets:

Timna Tanners from Wells Fargo set a target price of $372.0 on 07/09/2026
Samuel Kemp from Keybanc set a target price of $418.0 on 06/24/2026
Bennett Moore from JP Morgan set a target price of $378.0 on 06/10/2026
Martin Englert from Seaport Global set a target price of $390.0 on 04/28/2026
Katja Jancic from BMO Capital set a target price of $350.0 on 04/27/2026
Lawson Winder from B of A Securities set a target price of $355.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.