Reliance Steel & Aluminum Co. (NYSE:RS) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $81.86.

A number of research firms recently weighed in on RS. BidaskClub raised shares of Reliance Steel & Aluminum Co. from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Barclays PLC reissued a “hold” rating and issued a $59.00 price objective on shares of Reliance Steel & Aluminum Co. in a research report on Monday, May 1st. Bank of America Corporation raised shares of Reliance Steel & Aluminum Co. from a “neutral” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday, May 23rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $77.00 price objective (down previously from $80.00) on shares of Reliance Steel & Aluminum Co. in a research report on Friday, April 28th.

Reliance Steel & Aluminum Co. (NYSE:RS) traded up 0.92% on Tuesday, reaching $72.44. The company’s stock had a trading volume of 949,221 shares. The stock has a 50 day moving average price of $74.08 and a 200-day moving average price of $79.64. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 16.42 and a beta of 1.25. Reliance Steel & Aluminum Co. has a 1-year low of $65.10 and a 1-year high of $88.58.

Reliance Steel & Aluminum Co. (NYSE:RS) last released its earnings results on Thursday, April 27th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $2.42 billion during the quarter. Reliance Steel & Aluminum Co. had a net margin of 3.65% and a return on equity of 8.71%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Equities analysts predict that Reliance Steel & Aluminum Co. will post $5.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, May 24th. Reliance Steel & Aluminum Co.’s dividend payout ratio is presently 40.72%.

Hedge funds have recently modified their holdings of the company. CrestPoint Capital Management LLC acquired a new stake in shares of Reliance Steel & Aluminum Co. during the first quarter valued at $208,000. Cigna Investments Inc. New acquired a new stake in shares of Reliance Steel & Aluminum Co. during the fourth quarter valued at $210,000. Private Advisor Group LLC acquired a new stake in shares of Reliance Steel & Aluminum Co. during the fourth quarter valued at $218,000. Two Sigma Securities LLC acquired a new stake in shares of Reliance Steel & Aluminum Co. during the first quarter valued at $248,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Reliance Steel & Aluminum Co. during the first quarter valued at $280,000. Institutional investors and hedge funds own 83.68% of the company’s stock.

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About Reliance Steel & Aluminum Co.

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).

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