Reliance (NYSE:RS) Stock Rating Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Reliance Steel & Aluminum to “strong buy” from “buy,” while the broader analyst consensus remains “hold” with a $379.83 price target.
• Reliance reported quarterly EPS of $6.27, beating estimates of $5.47, while revenue reached $4.63 billion and increased 26.5% year over year. The company issued third-quarter 2026 EPS guidance of $6.40–$6.60.
• Shares opened at $400.23, near the 50-day moving average and below the 52-week high of $433.02. Institutional investors own 79.26% of the stock, while two company executives recently sold shares.

Reliance (NYSE:RS - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Zacks Research upgraded Reliance from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Reliance in a research report on Thursday, August 13th. Citigroup reissued a "neutral" rating on shares of Reliance in a report on Wednesday, July 29th. KeyCorp boosted their target price on shares of Reliance from $378.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Reliance from $398.00 to $390.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $379.83.

Reliance Stock Up 1.8%

Shares of NYSE:RS opened at $400.23 on Friday. Reliance has a fifty-two week low of $260.31 and a fifty-two week high of $433.02. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $400.03 and its 200-day simple moving average is $374.21. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 0.97 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm's revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts predict that Reliance will post 23.23 earnings per share for the current year.

Insider Activity at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William A. Smith II sold 2,353 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RS. QRG Capital Management Inc. increased its holdings in Reliance by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 7,966 shares of the industrial products company's stock valued at $2,976,000 after acquiring an additional 928 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Reliance by 4.9% in the second quarter. Sequoia Financial Advisors LLC now owns 4,864 shares of the industrial products company's stock valued at $1,817,000 after purchasing an additional 226 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Reliance by 11.4% in the second quarter. Tidal Investments LLC now owns 11,868 shares of the industrial products company's stock valued at $4,434,000 after purchasing an additional 1,211 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of Reliance by 47.2% in the second quarter. Engineers Gate Manager LP now owns 1,590 shares of the industrial products company's stock valued at $594,000 after purchasing an additional 510 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its position in shares of Reliance by 6.2% in the second quarter. Cidel Asset Management Inc. now owns 1,030 shares of the industrial products company's stock valued at $385,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Company Profile

Reliance, operating as Reliance Steel & Aluminum Co NYSE: RS, is a diversified metals service center company. It distributes a broad range of metals, including carbon steel, stainless steel, aluminum, copper, brass, titanium and specialty steel products, serving manufacturers, fabricators, construction companies and other industrial customers.

The company provides value-added services designed to prepare metals for customer use. These services include cutting, leveling, slitting, sawing, machining, forming, coating, welding and other fabrication processes.

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