Reliance (NYSE:RS) Price Target Raised to $323.00

Reliance (NYSE:RS) had its price target boosted by Wells Fargo & Company from $315.00 to $323.00 in a report issued on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

A number of other research analysts have also commented on RS. KeyCorp reiterated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut shares of Reliance from an “overweight” rating to a “neutral” rating and cut their target price for the company from $340.00 to $330.00 in a research note on Friday, February 20th. BMO Capital Markets lowered shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $324.33.

Reliance Stock Performance

NYSE:RS opened at $312.55 on Monday. The firm has a market capitalization of $16.17 billion, a PE ratio of 22.37, a PEG ratio of 1.19 and a beta of 0.91. Reliance has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $321.78 and its 200 day simple moving average is $296.76.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, sell-side analysts anticipate that Reliance will post 16.98 EPS for the current year.

Reliance Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s payout ratio is currently 34.36%.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at $4,509,434.02. The trade was a 63.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reliance

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Reliance by 4.5% in the fourth quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock worth $784,503,000 after purchasing an additional 118,009 shares in the last quarter. Boston Partners lifted its position in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after buying an additional 484,286 shares in the last quarter. Wellington Management Group LLP grew its holdings in Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after acquiring an additional 343,598 shares during the last quarter. Franklin Resources Inc. increased its position 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 raised its stake in shares of Reliance by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock worth $270,349,000 after acquiring an additional 2,549 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

Reliance News Summary

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Wells Fargo issued a positive forecast for RS, signaling institutional bullishness that can support the stock even as other analysts trim estimates. Wells Fargo & Company Issues Positive Forecast for Reliance (NYSE:RS) Stock Price
• Positive Sentiment: A Zacks commentary argues investors should retain Reliance, citing growth via recent acquisitions, strong liquidity metrics and steady construction demand — positives for revenue stability and cash flow that may counter cyclical weakness in aerospace/semiconductors and higher aluminum costs. Here’s Why You Should Retain Reliance Stock in Your Portfolio
• Neutral Sentiment: Zacks continues to carry a “Hold” rating on RS and the consensus full‑year earnings view remains around $16.98, indicating mixed analyst conviction — not an outright sell signal but a reason for subdued momentum. MarketBeat: Reliance (RS) – Analyst Coverage
• Negative Sentiment: Zacks Research cut multiple near‑term and fiscal EPS estimates (Q4 2026, Q1 & Q2 2027, FY2026 and FY2027 among others), trimming FY2027 from $19.66 to $17.88 and reducing several quarterly forecasts — these downgrades weigh on sentiment and help explain intraday weakness. MarketBeat: Reliance (RS) – Zacks estimate revisions

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.