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

Reliance, Inc. (NYSE:RS) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $357.8333.

A number of research firms have recently weighed in on RS. 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. BMO Capital Markets boosted their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Seaport Research Partners boosted their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research note on Thursday, April 30th.

Reliance Trading Down 1.9%

Shares of RS stock opened at $405.78 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $361.01 and a two-hundred day moving average price of $327.39. Reliance has a 12-month low of $260.31 and a 12-month high of $419.83. The firm has a market cap of $20.71 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the company posted $3.77 earnings per share. The company’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. Equities analysts anticipate that Reliance will post 19.14 EPS for the current fiscal year.

Reliance Announces Dividend

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

Insider Buying and Selling at Reliance

In other 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 completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RS. Royal Bank of Canada raised its position in Reliance by 6.6% during the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares during the last quarter. Empowered Funds LLC raised its position in Reliance by 4.8% during the 1st quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after purchasing an additional 258 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Reliance by 99.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 131 shares during the last quarter. Walleye Capital LLC raised its position in Reliance by 2,192.5% during the 2nd quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Reliance during the 2nd quarter valued at approximately $1,318,000. Institutional investors 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.