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NYSE:RSReliance Steel & Aluminum Stock Price, Forecast & News

$102.07
+0.98 (+0.97 %)
(As of 08/4/2020 04:00 PM ET)
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Today's Range
$101.01
Now: $102.07
$103.54
50-Day Range
$90.41
MA: $95.54
$103.46
52-Week Range
$70.57
Now: $102.07
$122.17
Volume245,610 shs
Average Volume498,903 shs
Market Capitalization$6.51 billion
P/E Ratio14.58
Dividend Yield2.47%
Beta1.11
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 related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries. It also offers precision sheet metal fabrication services, including laser cutting, stamping, turret punching, machining, powder coating, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise. In addition, the company manufactures metal parts that have applications in various end markets, including industrial machinery, automotive, aerospace, sugar products, and consumer electronics manufacturers; and distributes and processes tubing and bar products. Further, it provides toll processing and logistics services. The company sells directly to large original equipment manufacturer customers, as well as to small machine shops and fabricators. It 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Metals service centers & offices
Sub-IndustrySteel
CUSIP75950910
Phone213-687-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.97 billion
Cash Flow$14.36 per share
Book Value$78.22 per share

Profitability

Net Income$701.50 million

Miscellaneous

Employees15,300
Market Cap$6.51 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$102.07
+0.98 (+0.97 %)
(As of 08/4/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Reliance Steel & Aluminum (NYSE:RS) Frequently Asked Questions

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

Reliance Steel & Aluminum's stock was trading at $95.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RS shares have increased by 6.9% and is now trading at $102.07.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Reliance Steel & Aluminum?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reliance Steel & Aluminum in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Reliance Steel & Aluminum
.

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

Reliance Steel & Aluminum is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Reliance Steel & Aluminum
.

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

Reliance Steel & Aluminum Co (NYSE:RS) announced its earnings results on Thursday, July, 23rd. The industrial products company reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.96. The industrial products company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.94 billion. Reliance Steel & Aluminum had a return on equity of 11.52% and a net margin of 4.83%. The company's revenue was down 30.0% on a year-over-year basis. During the same period last year, the firm earned $2.71 earnings per share.
View Reliance Steel & Aluminum's earnings history
.

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, July 24th. Investors of record on Friday, August 14th will be given a dividend of $0.625 per share on Friday, August 28th. This represents a $2.50 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, August 13th.
View Reliance Steel & Aluminum's dividend history
.

What price target have analysts set for RS?

10 analysts have issued 12 month price objectives for Reliance Steel & Aluminum's shares. Their forecasts range from $88.00 to $122.00. On average, they anticipate Reliance Steel & Aluminum's stock price to reach $109.33 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts' price targets for Reliance Steel & Aluminum
.

Has Reliance Steel & Aluminum been receiving favorable news coverage?

Media headlines about RS stock have been trending neutral on Wednesday, InfoTrie reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Reliance Steel & Aluminum earned a daily sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Reliance Steel & Aluminum
.

Are investors shorting Reliance Steel & Aluminum?

Reliance Steel & Aluminum saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,230,000 shares, an increase of 11.8% from the June 15th total of 1,100,000 shares. Based on an average trading volume of 496,800 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.0% of the shares of the stock are sold short.
View Reliance Steel & Aluminum's Current Options Chain
.

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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Transocean (RIG), Aegean Marine Petroleum Network (ANW), Workday (WDAY) and Unilever (UL).

Who are Reliance Steel & Aluminum's key executives?

Reliance Steel & Aluminum's management team includes the following people:
  • Mr. James D. Hoffman, Pres & CEO (Age 60)
  • Ms. Karla R. Lewis, CFO & Sr. EVP (Age 53)
  • Mr. William K. Sales Jr., Exec. VP of Operations (Age 62)
  • Mr. Stephen P. Koch, Sr. VP of Operations (Age 52)
  • Mr. Michael P. Shanley, Sr. VP of Operations (Age 61)

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 a number of retail and institutional investors. Top institutional investors include Dowling & Yahnke LLC (0.68%), Royal London Asset Management Ltd. (0.51%), Assenagon Asset Management S.A. (0.39%), Deroy & Devereaux Private Investment Counsel Inc. (0.33%), Retirement Systems of Alabama (0.24%) and Envestnet Asset Management Inc. (0.19%). Company insiders that own Reliance Steel & Aluminum stock include Andrew G Sharkey III, Arthur Ajemyan, David H Hannah, Gregg J Mollins, James Donald Hoffman, Jeffrey Wayne Durham, Karla R Lewis, Michael Patrick Shanley, Stephen Paul Koch and William A Smith II.
View institutional ownership trends for Reliance Steel & Aluminum
.

Which major investors are selling Reliance Steel & Aluminum stock?

RS stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Hancock Whitney Corp, Robeco Institutional Asset Management B.V., NN Investment Partners Holdings N.V., Vident Investment Advisory LLC, Denali Advisors LLC, ARP Americas LP, and Stone Ridge Asset Management LLC. Company insiders that have sold Reliance Steel & Aluminum company stock in the last year include James Donald Hoffman, Karla R Lewis, Stephen Paul Koch, and William A Smith II.
View insider buying and selling activity for Reliance Steel & Aluminum
.

Which major investors are buying Reliance Steel & Aluminum stock?

RS stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Mackay Shields LLC, Ziegler Capital Management LLC, Royal London Asset Management Ltd., Envestnet Asset Management Inc., Strs Ohio, First Trust Advisors LP, and SG Americas Securities LLC.
View insider buying and selling activity for Reliance Steel & Aluminum
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of RS stock can currently be purchased for approximately $102.07.

How big of a company is Reliance Steel & Aluminum?

Reliance Steel & Aluminum has a market capitalization of $6.51 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 15,300 workers across the globe.

What is Reliance Steel & Aluminum's official website?

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

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 8/5/2020 by MarketBeat.com Staff

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