Reliance Steel & Aluminum Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Reliance Steel & Aluminum stock. 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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Wall Street analysts have given Reliance Steel & Aluminum a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Reliance Steel & Aluminum wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Reliance Steel & Aluminum saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 734,600 shares, a decrease of 15.1% from the March 31st total of 864,800 shares. Based on an average daily trading volume, of 391,800 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company's stock are short sold.
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Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
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Reliance Steel & Aluminum Co. (NYSE:RS) announced its earnings results on Wednesday, April, 21st. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $0.58. The industrial products company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.77 billion. Reliance Steel & Aluminum had a trailing twelve-month return on equity of 10.72% and a net margin of 4.44%. The business's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 earnings per share.
View Reliance Steel & Aluminum's earnings history.

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RS shares have increased by 85.6% and is now trading at $177.24.
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Reliance Steel & Aluminum declared a quarterly dividend on Friday, April 23rd. Stockholders of record on Friday, May 28th will be given a dividend of $0.6875 per share on Friday, June 11th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 27th.
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Reliance Steel & Aluminum pays an annual dividend of $2.75 per share and currently has a dividend yield of 1.57%. Reliance Steel & Aluminum does not yet have a strock track record of dividend growth. The dividend payout ratio of Reliance Steel & Aluminum is 26.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Reliance Steel & Aluminum will have a dividend payout ratio of 32.39% next year. This indicates that Reliance Steel & Aluminum will be able to sustain or increase its dividend.
View Reliance Steel & Aluminum's dividend history.

Reliance Steel & Aluminum issued an update on its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided EPS guidance of 4.200-4.400 for the period, compared to the Thomson Reuters consensus estimate of $3.270. The company issued revenue guidance of -.

4 Wall Street analysts have issued 1-year price targets for Reliance Steel & Aluminum's shares. Their forecasts range from $123.00 to $160.00. On average, they expect Reliance Steel & Aluminum's stock price to reach $149.60 in the next twelve months. This suggests that the stock has a possible downside of 15.6%.
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21 employees have rated Reliance Steel & Aluminum CEO David H. Hannah on Glassdoor.com. David H. Hannah has an approval rating of 86% among Reliance Steel & Aluminum's employees.

Some companies that are related to Reliance Steel & Aluminum include Nucor (NUE), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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), The Boeing (BA), NIC (EGOV) and Honeywell International (HON).

Reliance Steel & Aluminum trades on the New York Stock Exchange (NYSE) under the ticker symbol "RS."

Reliance Steel & Aluminum's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.19%), Victory Capital Management Inc. (3.40%), Alliancebernstein L.P. (2.43%), LSV Asset Management (1.99%), Royal London Asset Management Ltd. (1.28%) and Ninety One UK Ltd (1.26%). Company insiders that own Reliance Steel & Aluminum stock include Arthur Ajemyan, James Donald Hoffman, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II.
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RS stock was sold by a variety of institutional investors in the last quarter, including Ninety One UK Ltd, Victory Capital Management Inc., Ninety One North America Inc., Dowling & Yahnke LLC, Picton Mahoney Asset Management, American International Group Inc., The Manufacturers Life Insurance Company , and Bowling Portfolio Management LLC. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include Arthur Ajemyan, James Donald Hoffman, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch, and William A Smith II.
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RS stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Copeland Capital Management LLC, Envestnet Asset Management Inc., Retirement Systems of Alabama, Alliancebernstein L.P., BNP Paribas Arbitrage SA, DekaBank Deutsche Girozentrale, and Meeder Asset Management Inc..
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Shares of RS 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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One share of RS stock can currently be purchased for approximately $177.24.

Reliance Steel & Aluminum has a market capitalization of $11.29 billion and generates $10.97 billion in revenue each year. The industrial products company earns $701.50 million in net income (profit) each year or $10.34 on an earnings per share basis.

Reliance Steel & Aluminum employs 12,800 workers across the globe.

The following companies are subsidiares of Reliance Steel & Aluminum: AMI Metals, AMI Metals Aero Services Ankara Havacılık Anonim Şirketi, AMI Metals Europe SPRL, AMI Metals France SAS, AMI Metals UK Limited, Acero Prime, Airport Metals, Alaska Steel Company, Aleaciones Especiales de Mexico, All Metal Services (Malaysia) Sdn. Bhd., All Metal Services India Private Limited, All Metal Services Limited, All Metal Services Ltd. (Xi’an), All Metals Holding, All Metals Processing & Logistics, All Metals Transportation and Logistics, Allegheny Steel Distributors, Aluminium Services (UK) Limited, American Metals Corporation, Best Manufacturing, Bralco Metals (Australia) Pty Ltd, CCC Steel, Chapel Steel Canada, Chapel Steel Corp., Chatham Steel Corporation, Clayton Metals, Continental Alloys & Services, Continental Alloys & Services (Delaware) LLC, Continental Alloys & Services (Malaysia) Sdn. Bhd., Continental Alloys & Services Limited, Continental Alloys & Services Pte. Ltd., Continental Alloys Middle East FZE, Crest Steel Corporation, Delta Steel, Diamond Manufacturing Company, DuBose National Energy Fasteners & Machined Parts, DuBose National Energy Services, DuBose National Energy Services, Durrett Sheppard Steel Co., Earle M. Jorgensen (Asia) Sdn. Bhd., Earle M. Jorgensen Company, FastMetals, Feralloy Corporation, Ferguson Perforating Company, Fox Metals And Alloys, Fry Steel, GH Metal Solutions, Haskins Steel, Infra?Metals Co., KMS Fab, KMS South, Liebovich Bros., McKey Perforating, Metals USA, Metalweb Limited, National Specialty Alloys, Northern Illinois Steel Supply, Northern Illinois Steel Supply Co., PDM Steel Service Centers, Pacific Metal Company, Phoenix Corporation, Precision Flamecutting and Steel, Precision Strip Inc., Reliance Metalcenter Asia Pacific Pte. Ltd., Reliance Metals Canada Limited, Service Steel Aerospace, Siskin Steel & Supply Company, Sugar Steel Corporation, Sunbelt Steel Texas, Tubular Steel, Valex China Co., Valex Corp., Valex Korea Co., Valex Semiconductor Materials (Zhejiang) Co., Viking Materials, and Yarde Metals.

Reliance Steel & Aluminum was founded in 1939.

The official website for Reliance Steel & Aluminum is www.rsac.com.

Reliance Steel & Aluminum is headquartered at 350 South Grand Avenue Suite 5100, LOS ANGELES CA, 90071.

Reliance Steel & Aluminum's mailing address is 350 South Grand Avenue Suite 5100, LOS ANGELES CA, 90071. The industrial products company can be reached via phone at 213-687-7700 or via email at [email protected]