Reliance, Inc. (NYSE:RS) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts rate Reliance “Hold” on average: Five of nine analysts have hold ratings, while three recommend buying and one recommends selling. The average 12-month price target is approximately $378.67.
• Quarterly results exceeded expectations: Reliance reported $6.27 in EPS versus the $5.47 consensus estimate and revenue of $4.63 billion, up 26.5% year over year. The company provided third-quarter EPS guidance of $6.40–$6.60.
• Insiders recently sold shares, while investors receive a dividend: Two executives sold a combined $1.88 million of stock, and the company declared a quarterly dividend of $1.25 per share, representing a 1.3% annualized yield.

Shares of Reliance, Inc. (NYSE:RS - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $378.6667.

A number of analysts have recently weighed in on RS shares. Seaport Research Partners boosted their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. KeyCorp lifted their price target on Reliance from $378.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 24th. Wells Fargo & Company upped their price target on Reliance from $372.00 to $398.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Wall Street Zen raised Reliance from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Reliance in a research note on Thursday, August 13th.

Insider Buying and Selling at Reliance

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

Hedge Funds Weigh In On Reliance

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Reliance by 6.6% during the first quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company's stock valued at $4,364,000 after purchasing an additional 940 shares during the period. Empowered Funds LLC lifted its position in Reliance by 4.8% in the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company's stock worth $1,635,000 after purchasing an additional 258 shares during the period. Geneos Wealth Management Inc. boosted its stake in Reliance by 99.2% during the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company's stock worth $76,000 after buying an additional 131 shares in the last quarter. Walleye Capital LLC boosted its stake in Reliance by 2,192.5% during the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company's stock worth $381,000 after buying an additional 1,162 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Reliance in the 2nd quarter valued at $1,318,000. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Stock Performance

Shares of NYSE RS opened at $387.58 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. The firm has a market cap of $19.79 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.00 and a beta of 0.96. The business's 50-day simple moving average is $398.80 and its 200-day simple moving average is $360.65. Reliance has a 52 week low of $260.31 and a 52 week high of $433.02.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, beating analysts' consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm's revenue was up 26.5% compared to the same quarter last year. During the same period last year, the business earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Reliance will post 22.23 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance's dividend payout ratio is 29.07%.

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.

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