Reliance, Inc. (NYSE:RS) Receives Average Recommendation of “Hold” from Brokerages

Reliance, Inc. (NYSE:RS) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $344.6667.

A number of analysts recently commented on RS shares. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a research note on Thursday, April 30th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Seaport Research Partners increased 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.

Reliance Stock Up 0.5%

Reliance stock opened at $363.98 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 1.12 and a beta of 0.95. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The stock’s fifty day moving average is $330.24 and its two-hundred day moving average is $313.37.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts predict that Reliance will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.4%. Reliance’s dividend payout ratio is 32.62%.

Insider Buying and Selling

In related news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 34,175 shares of company stock worth $10,966,902. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Reliance

Several large investors have recently added to or reduced their stakes in RS. Foundations Investment Advisors LLC purchased a new position in shares of Reliance in the 3rd quarter worth about $1,576,000. CWA Asset Management Group LLC purchased a new position in shares of Reliance in the 4th quarter worth about $10,297,000. Principal Financial Group Inc. raised its holdings in shares of Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in shares of Reliance in the 3rd quarter worth about $873,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Reliance by 24.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock worth $7,015,000 after purchasing an additional 4,817 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Company Profile

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.