Reliance, Inc. (NYSE:RS) Receives $378.67 Consensus Target Price from Analysts

Reliance, Inc. (NYSE:RS) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $377.50.

RS has been the topic of several research reports. Citigroup reissued a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reliance in a research note on Thursday, August 13th. Wall Street Zen upgraded Reliance from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Zacks Research upgraded Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company reduced their price target on Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a research report on Monday, August 24th.

Reliance Stock Performance

Reliance stock opened at $387.57 on Friday. The stock has a fifty day moving average price of $397.24 and a 200 day moving average price of $362.24. Reliance has a 52 week low of $260.31 and a 52 week high of $433.02. The firm has a market capitalization of $19.79 billion, a P/E ratio of 22.53, a PEG ratio of 1.00 and a beta of 0.96. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. Reliance’s revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Reliance will post 22.23 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $1.25 dividend. The ex-dividend date was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s payout ratio is currently 29.07%.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the transaction, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This represents a 13.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president owned 19,394 shares of the company’s stock, valued at $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Reliance

Several hedge funds and other institutional investors have recently bought and sold shares of the business. XXEC Inc. purchased a new position in shares of Reliance during the 2nd quarter valued at approximately $127,493,000. California State Teachers Retirement System raised its holdings in Reliance by 20,857.7% in the second quarter. California State Teachers Retirement System now owns 32,965,343 shares of the industrial products company’s stock valued at $12,315,852,000 after acquiring an additional 32,808,048 shares in the last quarter. BlackRock Inc. bought a new position in Reliance during the 2nd quarter valued at $2,171,081,000. Norges Bank bought a new position in Reliance during the 4th quarter valued at $207,691,000. Finally, Boston Partners grew its holdings in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after acquiring an additional 484,286 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Company Profile

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.