Reliance, Inc. (NYSE:RS) Given Average Rating of “Hold” by Brokerages

Reliance, Inc. (NYSE:RS) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $317.25.

Several brokerages recently weighed in on RS. Wells Fargo & Company upped their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. reduced their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. BMO Capital Markets lowered their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday, December 15th.

Insider Buying and Selling

In other news, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.56, for a total value of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the sale, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is owned by insiders.

Institutional Trading of Reliance

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in Reliance by 10.7% in the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 33 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Reliance by 2.6% during the 2nd quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after buying an additional 34 shares during the last quarter. Masso Torrence Wealth Management Inc. boosted its holdings in shares of Reliance by 3.3% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock valued at $322,000 after buying an additional 37 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Reliance by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock valued at $91,000 after buying an additional 38 shares during the last quarter. Finally, Choreo LLC raised its stake in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 39 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

RS opened at $295.76 on Tuesday. The stock’s 50-day moving average price is $279.55 and its 200 day moving average price is $292.91. Reliance has a 12-month low of $250.07 and a 12-month high of $347.43. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.86 and a beta of 0.92. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, sell-side analysts expect that Reliance will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $4.80 annualized dividend and a yield of 1.6%. Reliance’s dividend payout ratio (DPR) is 35.09%.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.