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

Shares of Reliance, Inc. (NYSE:RS) have been given an average rating of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $364.50.

RS has been the topic of several research analyst reports. BMO Capital Markets increased their price target 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. The Goldman Sachs Group assumed coverage on Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Reliance from $345.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a report on Thursday, April 30th. Finally, Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th.

Reliance Stock Performance

Reliance stock opened at $381.29 on Friday. Reliance has a 52 week low of $260.31 and a 52 week high of $419.83. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a market cap of $19.46 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The stock has a 50 day moving average of $381.56 and a 200-day moving average of $339.56.

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 analysts’ consensus estimates of $4.63 by $0.53. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, analysts expect that Reliance will post 19.26 EPS for the current fiscal year.

Reliance Dividend Announcement

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

Insider Buying and Selling at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the 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 sale, the chief financial officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Reliance

Large investors have recently bought and sold shares of the business. Elevation Wealth Partners LLC acquired a new stake in Reliance in the fourth quarter worth $28,000. Costello Asset Management INC acquired a new position in shares of Reliance during the first quarter valued at $30,000. Brown Brothers Harriman & Co. grew its position in shares of Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance in the 4th quarter worth about $32,000. Finally, Quarry LP acquired a new stake in shares of Reliance in the 3rd quarter worth about $32,000. Institutional investors own 79.26% of the company’s stock.

About Reliance

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.