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NYSE:RS

Reliance Steel & Aluminum Stock Forecast, Price & News

$170.56
-1.88 (-1.09 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$169.60
$173.70
50-Day Range
$146.72
$177.24
52-Week Range
$83.79
$181.21
Volume473,544 shs
Average Volume394,429 shs
Market Capitalization$10.87 billion
P/E Ratio27.91
Dividend Yield1.59%
Beta1.02
30 days | 90 days | 365 days | Advanced Chart
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Reliance Steel & Aluminum logo

About Reliance Steel & Aluminum

Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, and powder coating and welding; and toll processing and logistics services. The company operated approximately 300 metals service center processing and distribution facilities in 40 states in the United States and 13 in other countries. It sells its products directly to large original equipment manufacturers, and small machine shops, and fabricators. The company operates in the United States, Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates, and the United Kingdom. Reliance Steel & Aluminum Co. was founded in 1939 and is headquartered in Los Angeles, California.

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Industry, Sector and Symbol

Industry Metals service centers & offices
Sub-IndustrySteel
CUSIP75950910
Phone213-687-7700
Employees12,800
Year Founded1939

Sales & Book Value

Annual Sales$10.97 billion
Cash Flow$17.84 per share
Book Value$78.22 per share

Profitability

Net Income$701.50 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$10.87 billion
Next Earnings Date7/22/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.91 out of 5 stars

Industrial Products Sector

54th out of 397 stocks

Metals Service Centers & Offices Industry

1st out of 6 stocks

Analyst Opinion: 1.1Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Reliance Steel & Aluminum (NYSE:RS) Frequently Asked Questions

Is Reliance Steel & Aluminum a buy right now?

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.
View analyst ratings for Reliance Steel & Aluminum
or view top-rated stocks.

What stocks does MarketBeat like better than Reliance Steel & Aluminum?

Wall Street analysts have given Reliance Steel & Aluminum a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Reliance Steel & Aluminum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a decline in short interest in April. As of April 15th, there was short interest totaling 734,600 shares, a decline of 15.1% from the March 31st total of 864,800 shares. Based on an average daily trading volume, of 391,800 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the shares of the company are short sold.
View Reliance Steel & Aluminum's Short Interest
.

When is Reliance Steel & Aluminum's next earnings date?

Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Reliance Steel & Aluminum
.

How were Reliance Steel & Aluminum's earnings last quarter?

Reliance Steel & Aluminum Co. (NYSE:RS) released its quarterly earnings data on Wednesday, April, 21st. The industrial products company reported $4.10 earnings per share for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 EPS.
View Reliance Steel & Aluminum's earnings history
.

How has Reliance Steel & Aluminum's stock been impacted by Coronavirus (COVID-19)?

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RS stock has increased by 78.6% and is now trading at $170.56.
View which stocks have been most impacted by COVID-19
.

How often does Reliance Steel & Aluminum pay dividends? What is the dividend yield for Reliance Steel & Aluminum?

Reliance Steel & Aluminum announced 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 yield of 1.61%. The ex-dividend date is Thursday, May 27th.
View Reliance Steel & Aluminum's dividend history
.

Is Reliance Steel & Aluminum a good dividend stock?

Reliance Steel & Aluminum pays an annual dividend of $2.75 per share and currently has a dividend yield of 1.59%. 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.

What guidance has Reliance Steel & Aluminum issued on next quarter's earnings?

Reliance Steel & Aluminum issued an update on its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share 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 -.

What price target have analysts set for RS?

4 brokers have issued 12 month price objectives for Reliance Steel & Aluminum's stock. 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 year. This suggests that the stock has a possible downside of 12.3%.
View analysts' price targets for Reliance Steel & Aluminum
or view top-rated stocks among Wall Street analysts.

Who are Reliance Steel & Aluminum's key executives?

Reliance Steel & Aluminum's management team includes the following people:
  • Mr. James D. Hoffman, CEO & Director (Age 62, Pay $5.9M)
  • Ms. Karla R. Lewis, Pres & Director (Age 55, Pay $3.26M)
  • Mr. William K. Sales Jr., Exec. VP of Operations (Age 64, Pay $2.32M) (LinkedIn Profile)
  • Mr. Stephen P. Koch, Sr. VP of Operations (Age 54, Pay $2.16M)
  • Mr. Michael P. Shanley, Sr. VP of Operations (Age 63, Pay $2.2M)
  • Mr. Arthur Ajemyan, CFO & VP (Age 45) (LinkedIn Profile)
  • Ms. Suzanne M. Bonner, VP & Chief Information Officer
  • Mr. William A. Smith II, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53) (LinkedIn Profile)
  • Mr. Donald J. Prebola, VP of Health & HR (Age 66) (LinkedIn Profile)
  • Mr. Jeffrey Wayne Durham, Sr. VP of Operations (Age 58) (LinkedIn Profile)

What is David H. Hannah's approval rating as Reliance Steel & Aluminum's CEO?

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.

Who are some of Reliance Steel & Aluminum's key competitors?

What other stocks do shareholders of Reliance Steel & Aluminum own?

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).

What is Reliance Steel & Aluminum's stock symbol?

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

Who are Reliance Steel & Aluminum's major shareholders?

Reliance Steel & Aluminum's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.19%), Dimensional Fund Advisors LP (3.51%), Victory Capital Management Inc. (3.40%), Acadian Asset Management LLC (2.51%), Alliancebernstein L.P. (2.43%) and LSV Asset Management (1.99%). 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.
View institutional ownership trends for Reliance Steel & Aluminum
.

Which institutional investors are selling Reliance Steel & Aluminum stock?

RS stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Lodge Hill Capital LLC, Ninety One UK Ltd, Healthcare of Ontario Pension Plan Trust Fund, Prudential Financial Inc., Royce & Associates LP, UBS Asset Management Americas Inc., and BI Asset Management Fondsmaeglerselskab A S. 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.
View insider buying and selling activity for Reliance Steel & Aluminum
or view top insider-selling stocks.

Which institutional investors are buying Reliance Steel & Aluminum stock?

RS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Lord Abbett & CO. LLC, Acadian Asset Management LLC, Copeland Capital Management LLC, TD Asset Management Inc., Envestnet Asset Management Inc., JPMorgan Chase & Co., and Mirae Asset Global Investments Co. Ltd..
View insider buying and selling activity for Reliance Steel & Aluminum
or or view top insider-buying stocks.

How do I buy shares of Reliance Steel & Aluminum?

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.
Compare Top Brokerages Here.

What is Reliance Steel & Aluminum's stock price today?

One share of RS stock can currently be purchased for approximately $170.56.

How much money does Reliance Steel & Aluminum make?

Reliance Steel & Aluminum has a market capitalization of $10.87 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.

How many employees does Reliance Steel & Aluminum have?

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

Does Reliance Steel & Aluminum have any subsidiaries?

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, Earle M. Jorgensen (Asia) Sdn. Bhd., 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.

When was Reliance Steel & Aluminum founded?

Reliance Steel & Aluminum was founded in 1939.

What is Reliance Steel & Aluminum's official website?

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

Where are Reliance Steel & Aluminum's headquarters?

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

How can I contact Reliance Steel & Aluminum?

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]


This page was last updated on 5/16/2021 by MarketBeat.com Staff
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