Reliance, Inc. (NYSE:RS) Receives $344.67 Average Target Price from Brokerages

Reliance, Inc. (NYSE:RS) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $344.6667.

Several equities research analysts recently commented on the company. BMO Capital Markets raised their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Wells Fargo & Company lifted their price objective on Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. The Goldman Sachs Group began coverage on Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. Finally, Seaport Research Partners lifted their price objective on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th.

Reliance Stock Performance

Shares of NYSE:RS opened at $357.09 on Friday. The company has a market cap of $18.23 billion, a P/E ratio of 23.29, a PEG ratio of 1.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance has a one year low of $260.31 and a one year high of $381.00. The business’s 50-day simple moving average is $327.79 and its 200 day simple moving average is $312.22.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts forecast that Reliance will post 18.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

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

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,175 shares of company stock worth $10,966,902 in the last three months. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Reliance by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 31 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Reliance by 0.9% in the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after acquiring an additional 34 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in shares of Reliance by 1.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 35 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of Reliance by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 37 shares in the last quarter. Finally, Choreo LLC grew its position in shares of Reliance by 2.9% in 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. Institutional investors and hedge funds own 79.26% of the company’s stock.

About Reliance

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.