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

Reliance, Inc. (NYSE:RS) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $352.3333.

A number of research firms have recently commented on RS. BMO Capital Markets lifted their target price on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report 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 report on Thursday, April 30th. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. KeyCorp lifted their target price on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Seaport Research Partners lifted their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th.

Reliance Stock Up 0.5%

RS opened at $396.54 on Tuesday. The business’s 50-day simple moving average is $350.80 and its 200-day simple moving average is $322.71. 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 one year low of $260.31 and a one year high of $401.41. The stock has a market capitalization of $20.24 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter 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. Analysts anticipate that Reliance will post 18.98 EPS for the current year.

Reliance Announces Dividend

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

Insider Transactions at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Reliance

Several institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Reliance by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 31 shares during the period. Venturi Wealth Management LLC increased its position in Reliance by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $1,209,000 after acquiring an additional 34 shares during the period. First Citizens Bank & Trust Co. increased its position in Reliance by 1.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after acquiring an additional 35 shares during the period. Kathmere Capital Management LLC increased its position in Reliance by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 37 shares during the period. Finally, Choreo LLC increased its position in Reliance by 2.9% in the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

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.