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Reliance Steel & Aluminum (NYSE:RS) VP Stephen Paul Koch sold 11,684 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $71.14, for a total transaction of $831,199.76. Following the transaction, the vice president now directly owns 11,500 shares of the company’s stock, valued at approximately $818,110. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Reliance Steel & Aluminum (NYSE:RS) traded up 0.20% on Thursday, hitting $71.18. 278,256 shares of the company’s stock traded hands. Reliance Steel & Aluminum has a 52 week low of $66.28 and a 52 week high of $76.78. The stock has a 50-day moving average of $70.19 and a 200-day moving average of $71.22. The company has a market cap of $5.550 billion and a P/E ratio of 16.32.

Reliance Steel & Aluminum (NYSE:RS) last released its earnings data on Thursday, July 24th. The company reported $1.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.40 by $0.10. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Reliance Steel & Aluminum will post $5.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 15th 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, August 13th.

RS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Reliance Steel & Aluminum in a research note on Monday, August 18th. They now have a $72.00 price target 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, June 23rd. They now have a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $77.33.

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

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