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.
View RS analyst ratings or view top-rated stocks.

5 brokerages have issued 12 month price objectives for Reliance Steel & Aluminum's stock. Their RS share price targets range from $265.00 to $285.00. On average, they predict the company's share price to reach $275.00 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for RS or view top-rated stocks among Wall Street analysts.

Reliance Steel & Aluminum's stock was trading at $202.44 at the start of the year. Since then, RS shares have increased by 37.8% and is now trading at $279.01.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our RS earnings forecast.

Reliance Steel & Aluminum Co. (NYSE:RS) announced its earnings results 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 earned $3.62 billion during the quarter, compared to the consensus estimate of $3.61 billion. Reliance Steel & Aluminum had a net margin of 9.38% and a trailing twelve-month return on equity of 18.92%. The business's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.48 EPS.

Reliance Steel & Aluminum announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, November 17th will be paid a dividend of $1.00 per share on Friday, December 1st. This represents a $4.00 annualized dividend and a yield of 1.43%. 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 1.48%. 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 earnings per share (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 many different institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (2.10%), Royal London Asset Management Ltd. (1.71%), LSV Asset Management (1.59%), FMR LLC (1.55%), Acadian Asset Management LLC (1.55%) and Invesco Ltd. (1.26%). Insiders that own company stock include Arthur Ajemyan, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Mark V Kaminski, Sean Michael Mollins, Stephen Paul Koch and William A Smith II.
View institutional ownership trends.

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.
Compare Top Brokerages Here.