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

Shares of Reliance, Inc. (NYSE:RSGet Free Report) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $324.3333.

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research note on Monday. Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. KeyCorp restated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $340.00 to $330.00 in a report on Friday, February 20th.

Read Our Latest Analysis on Reliance

Insider Buying and Selling at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Institutional Trading of Reliance

Large investors have recently modified their holdings of the business. Elevation Wealth Partners LLC acquired a new position in shares of Reliance in the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. raised its position in shares of Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Reliance during the 4th quarter valued at approximately $32,000. Quarry LP acquired a new stake in shares of Reliance during the third quarter worth approximately $32,000. Finally, Guerra Advisors Inc bought a new stake in shares of Reliance in the third quarter worth $34,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

Reliance Stock Performance

Reliance stock opened at $311.05 on Friday. The company has a market cap of $16.09 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.18 and a beta of 0.91. Reliance has a 12 month low of $250.07 and a 12 month high of $365.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The stock’s 50-day moving average is $322.36 and its 200-day moving average is $296.86.

Reliance (NYSE:RSGet Free Report) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Equities analysts anticipate that Reliance will post 16.98 earnings per share for the current year.

Reliance Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Reliance’s dividend payout ratio is presently 34.36%.

About Reliance

(Get Free Report)

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.

See Also

Analyst Recommendations for Reliance (NYSE:RS)

Receive News & Ratings for Reliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliance and related companies with MarketBeat.com's FREE daily email newsletter.