Reliance, Inc. (NYSE:RS) Receives $364.50 Consensus Target Price from Analysts

Shares of Reliance, Inc. (NYSE:RS) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $363.8333.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Wells Fargo & Company dropped their price objective on shares of Reliance from $376.00 to $372.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group began coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Finally, Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a report on Thursday, April 30th.

Reliance Price Performance

RS stock traded up $3.52 during midday trading on Friday, reaching $380.02. The stock had a trading volume of 207,898 shares, compared to its average volume of 395,313. The company’s fifty day simple moving average is $382.27 and its 200 day simple moving average is $340.44. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. Reliance has a 52-week low of $260.31 and a 52-week high of $419.83.

Reliance (NYSE:RS) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, sell-side analysts predict that Reliance will post 19.24 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $1.25 dividend. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s payout ratio is currently 32.62%.

Insider Activity at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Reliance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in Reliance during the fourth quarter worth about $207,691,000. Alliancebernstein L.P. increased its position in shares of Reliance by 899.4% during the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after acquiring an additional 660,128 shares during the last quarter. Boston Partners raised its stake in shares of Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the period. Wellington Management Group LLP raised its stake in shares of Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in shares of Reliance by 1,019.0% in the 4th quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock worth $98,758,000 after acquiring an additional 311,323 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

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.