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

Shares of Reliance, Inc. (NYSE:RS) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $322.80.

RS has been the subject of several research reports. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Wells Fargo & Company lifted their target price on shares of Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. KeyCorp began coverage on shares of Reliance in a report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of Reliance from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $340.00 to $330.00 in a research report on Friday, February 20th.

Reliance Trading Up 1.1%

Shares of Reliance stock opened at $307.39 on Thursday. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. Reliance has a twelve month low of $250.07 and a twelve month high of $365.59. The firm has a market capitalization of $15.90 billion, a PE ratio of 22.00, a P/E/G ratio of 1.15 and a beta of 0.88. The firm’s 50-day moving average price is $319.59 and its 200 day moving average price is $297.84.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. Reliance’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, sell-side analysts predict that Reliance will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.6%. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio is currently 35.79%.

Insider Transactions at Reliance

In other news, SVP William A. Smith II sold 6,615 shares of the company’s 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 completion of the sale, the senior vice president directly 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. 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 the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Reliance

A number of institutional investors have recently added to or reduced their stakes in RS. Foundations Investment Advisors LLC acquired a new stake in Reliance during the third quarter worth about $1,576,000. Principal Financial Group Inc. raised its stake in Reliance by 4.2% during the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares during the period. CWA Asset Management Group LLC acquired a new position in Reliance in the 4th quarter valued at about $10,297,000. First National Advisers LLC acquired a new position in Reliance in the 3rd quarter valued at about $1,948,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Reliance in the 3rd quarter valued at approximately $873,000. Hedge funds and other institutional investors 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.