Reliance, Inc. (NYSE:RS) Receives Consensus Rating of “Hold” from Brokerages

Reliance, Inc. (NYSE:RS) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $352.3333.

RS has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday. KeyCorp boosted their target price on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their target price on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research note on Friday, April 24th.

Reliance Price Performance

RS opened at $396.54 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance has a 52-week low of $260.31 and a 52-week high of $401.41. The stock has a market capitalization of $20.24 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The stock’s 50 day moving average price is $350.80 and its 200-day moving average price is $322.71.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm earned $3.77 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts predict that Reliance will post 18.98 EPS for the current year.

Reliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s dividend payout ratio is presently 32.62%.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Reliance by 1.7% in the first quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after purchasing an additional 31 shares during the period. Alpine Woods Capital Investors LLC grew its stake in Reliance by 17.9% in the first quarter. Alpine Woods Capital Investors LLC now owns 10,600 shares of the industrial products company’s stock worth $3,222,000 after purchasing an additional 1,613 shares during the period. Bank of America Corp DE grew its stake in Reliance by 4.9% in the first quarter. Bank of America Corp DE now owns 263,191 shares of the industrial products company’s stock worth $79,989,000 after purchasing an additional 12,282 shares during the period. Lodge Hill Capital LLC purchased a new stake in Reliance in the first quarter worth $25,833,000. Finally, South Dakota Investment Council grew its stake in Reliance by 103.0% in the first quarter. South Dakota Investment Council now owns 30,535 shares of the industrial products company’s stock worth $9,280,000 after purchasing an additional 15,494 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Company Profile

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.