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Reliance Steel & Aluminum Co. (NYSE:RS) CEO David H. Hannah sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $71.19, for a total value of $1,779,750.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Reliance Steel & Aluminum Co. (NYSE:RS) traded down 1.46% during mid-day trading on Monday, hitting $71.10. 813,245 shares of the company’s stock traded hands. Reliance Steel & Aluminum Co. has a 52 week low of $61.93 and a 52 week high of $76.78. The stock’s 50-day moving average is $70.62 and its 200-day moving average is $72.30. The company has a market cap of $5.522 billion and a P/E ratio of 17.34.

Reliance Steel & Aluminum Co. (NYSE:RS) last announced its earnings results on Thursday, April 24th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.05. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Analysts expect that Reliance Steel & Aluminum Co. will post $5.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, May 28th.

Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Reliance Steel & Aluminum Co. from $77.00 to $80.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Reliance Steel & Aluminum Co. in a research note on Wednesday, February 26th. They now have a $72.00 price target on the stock. Finally, analysts at Bank of America upgraded shares of Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. They now have a $77.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.14.

Reliance Steel & Aluminum Co (NYSE:RS) is the metals service center company in North America (United States and Canada).

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