Reliance Steel & Aluminum Stock Price, News & Analysis (NYSE:RS)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RS, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12 month target prices for Reliance Steel & Aluminum's stock. Their RS share price targets range from $265.00 to $285.00. On average, they expect the company's stock price to reach $275.00 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
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Reliance Steel & Aluminum's stock was trading at $202.44 at the beginning of 2023. Since then, RS stock has increased by 31.9% and is now trading at $267.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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Reliance Steel & Aluminum Co. (NYSE:RS) released its quarterly earnings data on Thursday, October, 26th. The industrial products company reported $5.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $5.00. The industrial products company had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.61 billion. Reliance Steel & Aluminum had a trailing twelve-month return on equity of 18.92% and a net margin of 9.38%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.48 EPS.

Reliance Steel & Aluminum declared a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, November 17th will be given a dividend of $1.00 per share on Friday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, November 16th.
Read our dividend analysis for RS.

Reliance Steel & Aluminum (NYSE:RS) pays an annual dividend of $4.00 per share and currently has a dividend yield of 1.43%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RS will have a dividend payout ratio of 21.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RS.

ETFs with the largest weight of Reliance Steel & Aluminum (NYSE:RS) stock in their portfolio include SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Invesco S&P MidCap Momentum ETF (XMMO), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Direxion Daily Metals & Mining Bull 2X Shares (MNM) and First Trust Materials AlphaDEX Fund (FXZ).

Reliance Steel & Aluminum issued an update on its fourth quarter earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $3.70-3.90 for the period, compared to the consensus earnings per share estimate of $4.21.

21 employees have rated Reliance Steel & Aluminum Chief Executive Officer David H. Hannah on Glassdoor.com. David H. Hannah has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Reliance Steel & Aluminum investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Endologix (ELGX), Athabasca Oil (ATH), Micron Technology (MU), Accenture (ACN), Boeing (BA), NIC (EGOV) and

Reliance Steel & Aluminum's stock is owned by a number of institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (2.10%), Wellington Management Group LLP (2.08%), Royal London Asset Management Ltd. (1.71%), LSV Asset Management (1.59%), FMR LLC (1.55%) and Acadian Asset Management LLC (1.55%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Michael R Hynes, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
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Shares of RS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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