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

Shares of Reliance, Inc. (NYSE:RS) have been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $377.50.

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. Bank of America lowered shares of 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. JPMorgan Chase & Co. cut their target price on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Zacks Research upgraded Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets upped their target price on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a report on Monday, July 27th.

Reliance Trading Up 0.1%

Shares of NYSE RS opened at $391.61 on Friday. The stock’s 50 day moving average price is $397.42 and its two-hundred day moving average price is $362.06. Reliance has a 52-week low of $260.31 and a 52-week high of $433.02. The stock has a market capitalization of $20.00 billion, a P/E ratio of 22.77, a PEG ratio of 1.01 and a beta of 0.96. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period last year, the business posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, analysts anticipate that Reliance will post 22.23 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, August 14th. Reliance’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Reliance by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after buying an additional 31 shares in the last quarter. Greenleaf Trust grew its stake in shares of Reliance by 2.0% in the second quarter. Greenleaf Trust now owns 1,614 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 32 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Reliance by 0.9% in the first quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after purchasing an additional 34 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Reliance by 1.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 35 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in Reliance by 4.8% in the first quarter. Kathmere Capital Management LLC now owns 824 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 38 shares during the period. Institutional investors own 79.26% of the company’s stock.

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.