Reliance, Inc. (NYSE:RS) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate Reliance, Inc. “Hold” overall: Of nine analysts, five recommend holding, two recommend buying, one strongly recommends buying, and one recommends selling. The average 12-month price target is $382, below the reported share price of $402.45.
• Reliance exceeded quarterly expectations, reporting $6.27 EPS versus the $5.47 consensus and revenue of $4.63 billion, up 26.5% year over year. The company issued third-quarter 2026 EPS guidance of $6.40–$6.60.
• The company pays a quarterly dividend of $1.25, equivalent to a $5.00 annualized payout and a 1.2% yield. Institutional investors own 79.26% of shares, while recent insider transactions included stock sales by a senior vice president and the CFO.

Reliance, Inc. (NYSE:RS - Get Free Report) has been given a consensus recommendation of "Hold" by the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $382.00.

RS has been the topic of several research reports. BMO Capital Markets lifted their price objective on Reliance from $390.00 to $415.00 and gave the company a "market perform" rating in a research report on Monday, July 27th. KeyCorp increased their target price on Reliance from $418.00 to $421.00 and gave the stock an "overweight" rating in a research report on Monday, October 5th. Wall Street Zen cut Reliance from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Citigroup restated a "neutral" rating on shares of Reliance in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded Reliance from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday.

Insiders Place Their Bets

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

Institutional Trading of Reliance

A number of hedge funds and other institutional investors have recently modified their holdings of RS. XXEC Inc. bought a new stake in Reliance during the second quarter worth about $127,493,000. BlackRock Inc. purchased a new stake in Reliance in the second quarter worth about $2,171,081,000. Bank of New York Mellon Corp bought a new position in shares of Reliance during the second quarter valued at approximately $176,913,000. William Blair Investment Management LLC bought a new position in shares of Reliance during the second quarter valued at approximately $142,900,000. Finally, Corient Private Wealth LP bought a new position in shares of Reliance during the second quarter valued at approximately $129,799,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Price Performance

Shares of NYSE RS opened at $402.45 on Monday. Reliance has a 1 year low of $260.31 and a 1 year high of $433.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. The company's 50-day moving average is $399.54 and its 200 day moving average is $378.49. The stock has a market capitalization of $20.55 billion, a P/E ratio of 23.40, a P/E/G ratio of 0.97 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. Reliance's revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts expect that Reliance will post 23.70 earnings per share for the current year.

Reliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Reliance's dividend payout ratio is presently 29.07%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.