Reliance (NYSE:RS) Hits New 12-Month High – What’s Next?

Reliance, Inc. (NYSE:RS)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $365.86 and last traded at $365.0250, with a volume of 125060 shares traded. The stock had previously closed at $359.45.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research report on Thursday. BMO Capital Markets increased their target price on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $344.67.

Reliance Stock Performance

The business has a 50 day moving average of $315.77 and a 200 day moving average of $304.38. The company has a market capitalization of $18.77 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.88. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts predict that Reliance, Inc. will post 17.99 earnings per share for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s payout ratio is presently 32.62%.

Insider Activity

In other news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,175 shares of company stock valued at $10,966,902 in the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently made changes to their positions in RS. Elevation Wealth Partners LLC bought a new stake in shares of Reliance during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. increased its position in Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 50 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the 4th quarter valued at about $32,000. Quarry LP bought a new stake in shares of Reliance in the 3rd quarter valued at about $32,000. Finally, Guerra Advisors Inc bought a new stake in shares of Reliance in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

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.