Reliance Steel & Aluminum Co. (NYSE:RS) EVP William K. Sales, Jr. sold 25,000 shares of Reliance Steel & Aluminum Co. stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $81.56, for a total value of $2,039,000.00. Following the completion of the sale, the executive vice president now directly owns 102,843 shares of the company’s stock, valued at approximately $8,387,875.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Reliance Steel & Aluminum Co. (NYSE:RS) traded up 0.98% during trading on Wednesday, hitting $83.21. The stock had a trading volume of 676,967 shares. The firm’s 50-day moving average price is $71.59 and its 200-day moving average price is $73.93. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 19.50 and a beta of 1.25. Reliance Steel & Aluminum Co. has a 52-week low of $50.08 and a 52-week high of $84.25.

Reliance Steel & Aluminum Co. (NYSE:RS) last issued its earnings results on Thursday, October 20th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by $0.07. The firm earned $2.19 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Reliance Steel & Aluminum Co. had a return on equity of 8.10% and a net margin of 3.63%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the business earned $1.16 EPS. Analysts predict that Reliance Steel & Aluminum Co. will post $4.40 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Reliance Steel & Aluminum Co. (NYSE:RS)

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 18th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.70 dividend on an annualized basis and a yield of 2.04%. Reliance Steel & Aluminum Co.’s dividend payout ratio (DPR) is 39.81%.

Several analysts recently commented on RS shares. Jefferies Group reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Reliance Steel & Aluminum Co. in a report on Friday, September 16th. Zacks Investment Research lowered Reliance Steel & Aluminum Co. from a “hold” rating to a “sell” rating in a report on Monday, September 26th. Clarkson Capital raised Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating in a report on Tuesday, October 18th. TheStreet lowered Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. Finally, Deutsche Bank AG raised Reliance Steel & Aluminum Co. from a “hold” rating to a “buy” rating and cut their price target for the company from $75.00 to $74.00 in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $78.78.

A number of institutional investors have recently modified their holdings of RS. Synovus Financial Corp raised its position in Reliance Steel & Aluminum Co. by 0.6% in the second quarter. Synovus Financial Corp now owns 3,263 shares of the company’s stock worth $250,000 after buying an additional 19 shares during the last quarter. Eqis Capital Management Inc. raised its position in Reliance Steel & Aluminum Co. by 0.8% in the second quarter. Eqis Capital Management Inc. now owns 5,385 shares of the company’s stock worth $414,000 after buying an additional 42 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Reliance Steel & Aluminum Co. by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 4,717 shares of the company’s stock worth $339,000 after buying an additional 57 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Reliance Steel & Aluminum Co. by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 5,744 shares of the company’s stock worth $414,000 after buying an additional 80 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its position in Reliance Steel & Aluminum Co. by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,487 shares of the company’s stock worth $960,000 after buying an additional 89 shares during the last quarter. Institutional investors own 83.51% of the company’s stock.

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Reliance Steel & Aluminum Co. Company Profile

Reliance Steel & Aluminum Co is a metals service center company. The Company operates through metals service centers segment. The Company’s network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom.

5 Day Chart for NYSE:RS

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