Reliance Steel & Aluminum Co. (NYSE:RS) SVP William A. Smith II sold 1,123 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $82.69, for a total transaction of $92,860.87. Following the sale, the senior vice president now directly owns 15,320 shares of the company’s stock, valued at approximately $1,266,810.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Reliance Steel & Aluminum Co. (RS) opened at $83.68 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. The company has a market cap of $6,057.07, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.29. Reliance Steel & Aluminum Co. has a twelve month low of $68.46 and a twelve month high of $88.58.

Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. The business had revenue of $2.45 billion during the quarter. Reliance Steel & Aluminum had a net margin of 3.97% and a return on equity of 8.61%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. equities analysts predict that Reliance Steel & Aluminum Co. will post 5.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, November 16th. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is 35.43%.

Several institutional investors have recently added to or reduced their stakes in RS. Grove Bank & Trust lifted its position in shares of Reliance Steel & Aluminum by 117.8% during the third quarter. Grove Bank & Trust now owns 1,590 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 860 shares in the last quarter. Huntington National Bank lifted its position in shares of Reliance Steel & Aluminum by 267.8% during the third quarter. Huntington National Bank now owns 1,611 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 1,173 shares in the last quarter. Zions Bancorporation bought a new position in shares of Reliance Steel & Aluminum during the third quarter valued at about $144,000. Global X Management Co. LLC lifted its position in shares of Reliance Steel & Aluminum by 220.0% during the second quarter. Global X Management Co. LLC now owns 2,304 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Reliance Steel & Aluminum by 633.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,552 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 2,204 shares in the last quarter. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on RS shares. Clarkson Capital restated a “buy” rating on shares of Reliance Steel & Aluminum in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group restated a “hold” rating on shares of Reliance Steel & Aluminum in a research report on Thursday, August 31st. ValuEngine cut shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Cowen restated a “buy” rating and issued a $92.00 price target on shares of Reliance Steel & Aluminum in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Reliance Steel & Aluminum has an average rating of “Buy” and a consensus target price of $80.33.

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Reliance Steel & Aluminum Company Profile

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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