Reliance (NYSE:RS) Reaches New 12-Month High – Time to Buy?

Posted by Brenda Bartman on Jun 9th, 2026

Shares of Reliance, Inc. (NYSE:RS – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $403.30 and last traded at $400.6770, with a volume of 35845 shares traded. The stock had previously closed at $396.26.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. KeyCorp boosted their target price on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Seaport Research Partners boosted their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. boosted their target price on Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Two investment 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. According to MarketBeat, Reliance currently has an average rating of “Hold” and an average target price of $352.33.

View Our Latest Analysis on RS

Reliance Stock Up 0.4%

The firm has a fifty day simple moving average of $350.80 and a 200-day simple moving average of $322.71. The company has a market capitalization of $20.31 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.22 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company earned $3.77 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts expect that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $1.25 dividend. The ex-dividend date was Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Reliance’s payout ratio is currently 32.62%.

Insider Activity

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its position in shares of Reliance by 4.5% in the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after purchasing an additional 118,009 shares during the period. Boston Partners lifted its stake in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares in the last quarter. Wellington Management Group LLP lifted its stake in Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares in the last quarter. Franklin Resources Inc. lifted its stake in Reliance by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock valued at $320,863,000 after acquiring an additional 51,894 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Reliance by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock valued at $270,349,000 after acquiring an additional 2,549 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

About Reliance

(Get Free Report)

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.