Insider Selling: Andrew G. Sharkey III Unloads 2,000 Shares of Reliance Steel & Aluminum Stock (RS)
Reliance Steel & Aluminum (NYSE:RS) Director Andrew G. Sharkey III unloaded 2,000 shares of Reliance Steel & Aluminum stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $73.38, for a total value of $146,760.00. Following the completion of the transaction, the director now directly owns 1,690 shares of the company’s stock, valued at approximately $124,012. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Reliance Steel & Aluminum from $74.00 to $76.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Reliance Steel & Aluminum in a research note on Monday, May 19th. They now have a $76.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Reliance Steel & Aluminum from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $78.00.
Shares of Reliance Steel & Aluminum (NYSE:RS) traded down 0.20% on Thursday, hitting $73.68. 457,609 shares of the company’s stock traded hands. Reliance Steel & Aluminum has a 52 week low of $64.67 and a 52 week high of $76.78. The stock has a 50-day moving average of $72.49 and a 200-day moving average of $71.82. The company has a market cap of $5.726 billion and a price-to-earnings ratio of 17.74.
Reliance Steel & Aluminum (NYSE:RS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 26.1% on a year-over-year basis. On average, analysts predict that Reliance Steel & Aluminum will post $5.22 earnings per share for the current fiscal year.
Reliance Steel & Aluminum Co (NYSE:RS) is the metals service center company in North America (United States and Canada).
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