Reliance, Inc. (NYSE:RS – Get Free Report) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $357.8333.
Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. KeyCorp raised their price target on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets raised their price target on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th.
Check Out Our Latest Stock Analysis on Reliance
Insiders Place Their Bets
Hedge Funds Weigh In On Reliance
Several hedge funds have recently added to or reduced their stakes in RS. Norges Bank acquired a new position in Reliance in the fourth quarter valued at about $207,691,000. Alliancebernstein L.P. lifted its stake in Reliance by 899.4% in the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after buying an additional 660,128 shares during the period. Boston Partners lifted its stake in Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after buying an additional 484,286 shares during the period. Wellington Management Group LLP lifted its stake in Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after buying an additional 343,598 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in Reliance by 1,019.0% in the fourth quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock valued at $98,758,000 after buying an additional 311,323 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.
Reliance Price Performance
Reliance stock opened at $405.78 on Tuesday. The business’s 50-day simple moving average is $361.01 and its 200 day simple moving average is $327.39. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.27 and a beta of 0.95. Reliance has a 12-month low of $260.31 and a 12-month high of $419.83. 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 posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, research analysts anticipate that Reliance will post 19.14 earnings per share for the current year.
Reliance Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio is presently 32.62%.
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.
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