Reliance, Inc. (NYSE:RS) Receives $352.33 Consensus Target Price from Analysts

Reliance, Inc. (NYSE:RS) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $357.8333.

A number of research analysts have recently issued reports on RS shares. The Goldman Sachs Group started coverage on Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target on the stock. Seaport Research Partners upped their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. KeyCorp upped their price target on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets upped their price target on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the 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 of the company’s stock, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RS. Norges Bank bought a new position in Reliance in the fourth quarter valued at about $207,691,000. Alliancebernstein L.P. lifted its holdings in Reliance by 899.4% in the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after acquiring an additional 660,128 shares during the period. Boston Partners lifted its holdings in Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the period. Wellington Management Group LLP lifted its holdings in Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Reliance by 1,019.0% in the fourth quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock valued at $98,758,000 after acquiring an additional 311,323 shares during the period. Institutional investors own 79.26% of the company’s stock.

Reliance Trading Up 0.8%

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

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Sell-side analysts expect that Reliance will post 19.14 earnings per share for the current year.

Reliance Announces Dividend

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