Reliance, Inc. (NYSE:RS) Receives Average Rating of “Hold” from Brokerages

Shares of Reliance, Inc. (NYSE:RS) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $321.6667.

A number of brokerages recently commented on RS. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BMO Capital Markets cut shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Reliance from a “buy” rating to a “hold” rating in a research note on Sunday.

Reliance Trading Down 0.3%

NYSE RS opened at $315.25 on Friday. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.89 and a beta of 0.92. The stock’s 50 day moving average price is $320.25 and its two-hundred day moving average price is $296.21. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance has a 52 week low of $250.07 and a 52 week high of $365.59.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.40). The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, analysts anticipate that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. Reliance’s dividend payout ratio (DPR) is currently 34.36%.

Insiders Place Their Bets

In other news, CEO Karla R. Lewis sold 5,809 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the transaction, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,935 shares of company stock valued at $10,254,424 over the last three months. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reliance

Large investors have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC purchased a new position in Reliance during the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. lifted its stake in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Reliance in the 4th quarter valued at $32,000. Quarry LP bought a new position in Reliance in the 3rd quarter valued at $32,000. Finally, Guerra Advisors Inc purchased a new position in shares of Reliance during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

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.