Reliance, Inc. (NYSE:RS) Given Average Recommendation of “Hold” by Brokerages

Shares of Reliance, Inc. (NYSE:RS) have received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. One investment 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 12 month price target among brokers that have issued ratings on the stock in the last year is $357.8333.

RS has been the subject of several research analyst reports. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. BMO Capital Markets lifted their price objective on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Reliance from $345.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction on Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Reliance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in Reliance by 1.7% during 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. Venturi Wealth Management LLC boosted its position in Reliance by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after purchasing an additional 34 shares during the period. First Citizens Bank & Trust Co. boosted its position in Reliance by 1.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 35 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Reliance by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after buying an additional 37 shares in the last quarter. Finally, Choreo LLC lifted its holdings in shares of Reliance by 2.9% during the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after buying an additional 39 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Reliance Price Performance

NYSE:RS opened at $413.65 on Tuesday. The firm has a fifty day simple moving average of $359.01 and a 200 day simple moving average of $326.13. The stock has a market capitalization of $21.12 billion, a PE ratio of 26.98, a P/E/G ratio of 1.28 and a beta of 0.95. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. Reliance has a 1-year low of $260.31 and a 1-year high of $417.25.

Reliance (NYSE:RS) last released its quarterly earnings data 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 analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $3.77 earnings per share. The business’s revenue for the quarter 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, research analysts expect that Reliance will post 19.14 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s payout ratio is 32.62%.

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.