Reliance, Inc. (NYSE:RS) Given Average Rating of “Hold” by Analysts

Shares of Reliance, Inc. (NYSE:RS) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $328.50.

RS has been the subject of several research analyst reports. Wall Street Zen downgraded Reliance from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. JPMorgan Chase & Co. cut shares of Reliance from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $340.00 to $330.00 in a research note on Friday, February 20th. KeyCorp assumed coverage on shares of Reliance in a report on Wednesday. They set an “overweight” rating and a $341.00 price target on the stock. BMO Capital Markets lowered shares of Reliance from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th.

Reliance Stock Performance

RS stock opened at $299.46 on Thursday. The stock has a market capitalization of $15.49 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91. Reliance has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $321.87 and its 200 day simple moving average is $297.56.

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

Reliance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $1.25 dividend. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. Reliance’s payout ratio is presently 35.79%.

Insiders Place Their Bets

In other news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This represents a 63.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the transaction, the senior vice president owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners increased its position in shares of Reliance by 72.6% during the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock valued at $552,461,000 after purchasing an additional 741,417 shares during the last quarter. Norges Bank purchased a new stake in Reliance during the fourth quarter valued at approximately $207,691,000. Alliancebernstein L.P. increased its holdings in 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 buying an additional 660,128 shares during the last quarter. Wellington Management Group LLP raised its position in Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after acquiring an additional 343,598 shares during the period. Finally, Corient Private Wealth LLC raised its position in Reliance by 1,019.0% in the fourth 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 period. 79.26% of the stock is 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.