Reliance Steel & Aluminum Co. (NYSE:RS) SVP William A. Smith II sold 1,123 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $82.69, for a total value of $92,860.87. Following the transaction, the senior vice president now owns 15,320 shares in the company, valued at $1,266,810.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Reliance Steel & Aluminum Co. (NYSE:RS) traded up $0.59 during mid-day trading on Monday, hitting $83.66. 529,424 shares of the stock traded hands, compared to its average volume of 494,474. The stock has a market cap of $6,057.07, a price-to-earnings ratio of 16.42, a PEG ratio of 1.77 and a beta of 1.29. The company has a current ratio of 4.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43. Reliance Steel & Aluminum Co. has a 1 year low of $68.46 and a 1 year high of $88.58.

Reliance Steel & Aluminum (NYSE:RS) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.11. The firm had revenue of $2.45 billion for the quarter. Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. sell-side analysts forecast that Reliance Steel & Aluminum Co. will post 5.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, November 16th. Reliance Steel & Aluminum’s payout ratio is presently 35.43%.

Several brokerages have recently weighed in on RS. Clarkson Capital restated a “buy” rating on shares of Reliance Steel & Aluminum in a report on Wednesday, November 15th. Zacks Investment Research cut Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Jefferies Group restated a “hold” rating on shares of Reliance Steel & Aluminum in a report on Thursday, August 31st. ValuEngine cut Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Cowen restated a “buy” rating and set a $92.00 target price on shares of Reliance Steel & Aluminum in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.33.

Several hedge funds have recently added to or reduced their stakes in RS. Grove Bank & Trust raised its position in Reliance Steel & Aluminum by 117.8% in the third quarter. Grove Bank & Trust now owns 1,590 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 860 shares during the period. Huntington National Bank raised its position in Reliance Steel & Aluminum by 267.8% in the third quarter. Huntington National Bank now owns 1,611 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 1,173 shares during the period. Zions Bancorporation purchased a new stake in Reliance Steel & Aluminum in the third quarter valued at approximately $144,000. Global X Management Co. LLC raised its position in Reliance Steel & Aluminum by 220.0% in the second quarter. Global X Management Co. LLC now owns 2,304 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 1,584 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Reliance Steel & Aluminum by 633.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,552 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 2,204 shares during the period. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

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Reliance Steel & Aluminum Company Profile

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).

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