Reliance (NYSE:RS) Price Target Raised to $398.00 at Wells Fargo & Company

Reliance (NYSE:RS) had its price target hoisted by Wells Fargo & Company from $372.00 to $398.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the company. KeyCorp lifted their price objective on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. JPMorgan Chase & Co. decreased their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Seaport Research Partners boosted their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets raised their price target on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reliance has an average rating of “Hold” and an average target price of $367.83.

Reliance Stock Performance

Shares of RS stock opened at $394.39 on Thursday. Reliance has a 1 year low of $260.31 and a 1 year high of $419.83. The stock has a market cap of $20.13 billion, a PE ratio of 22.93, a P/E/G ratio of 1.19 and a beta of 0.97. The stock has a fifty day moving average price of $386.00 and a 200 day moving average price of $347.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.60% and a net margin of 5.65%.The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Reliance will post 19.24 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $1.25 dividend. The ex-dividend date is 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 32.62%.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RS. Assenagon Asset Management S.A. lifted its position in shares of Reliance by 24.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock worth $7,015,000 after buying an additional 4,817 shares during the last quarter. ProCore Advisors LLC acquired a new position in shares of Reliance during the fourth quarter worth approximately $18,787,000. Arjuna Capital acquired a new position in Reliance during the 4th quarter worth $1,838,000. PFA Pension Forsikringsaktieselskab bought a new position in Reliance in the 4th quarter valued at about $61,317,000. Finally, Fulcrum Wealth Advisors LLC bought a new position in shares of Reliance in the fourth quarter valued at approximately $2,529,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance beat Q2 earnings and revenue estimates, with non-GAAP EPS of $6.27 and revenue of $4.63 billion, both above Wall Street expectations. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Record quarterly tons sold, stronger pricing, and improving customer demand across end markets pointed to healthier operating trends. RS Q2 Earnings Beat Estimates on Record Shipments and Pricing
• Positive Sentiment: Management issued strong Q3 EPS guidance of $6.40 to $6.60, well above the consensus estimate, signaling confidence that earnings strength can continue. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 while keeping an equal-weight rating, reflecting a more constructive but still cautious stance. Benzinga / Tickerreport coverage of Wells Fargo target hike
• Neutral Sentiment: Reliance also declared a quarterly dividend of $1.25 per share, which supports the stock’s income appeal but is not a major near-term growth catalyst. MarketBeat RS overview

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.