Reliance Steel & Aluminum Co. (NYSE:RS) shares reached a new 52-week high during trading on Thursday . The company traded as high as $84.25 and last traded at $84.03, with a volume of 284,392 shares changing hands. The stock had previously closed at $82.99.

A number of research analysts have recently commented on RS shares. Macquarie boosted their price target on shares of Reliance Steel & Aluminum Co. from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Bank of America Corp. lowered shares of Reliance Steel & Aluminum Co. from a “neutral” rating to an “underperform” rating and set a $72.00 price target for the company. in a research report on Tuesday, April 19th. They noted that the move was a valuation call. Jefferies Group lowered shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating and set a $68.00 target price for the company. in a research report on Monday, March 21st. Rosenblatt Securities upped their target price on shares of Reliance Steel & Aluminum Co. from $69.00 to $76.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 5th. Finally, Zacks Investment Research lowered shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $74.67.

The firm has a market capitalization of $6.07 billion and a price-to-earnings ratio of 20.41. The firm has a 50 day moving average of $76.45 and a 200-day moving average of $67.58.

Reliance Steel & Aluminum Co. (NYSE:RS) last announced its quarterly earnings data on Thursday, April 21st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. During the same quarter in the previous year, the business earned $1.30 earnings per share. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.19 billion. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. On average, analysts anticipate that Reliance Steel & Aluminum Co. will post $4.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, May 27th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.93%.

In related news, SVP William A. Smith II sold 1,183 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $77.92, for a total transaction of $92,179.36. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $779,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David H. Hannah sold 35,917 shares of the firm’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $71.38, for a total transaction of $2,563,755.46. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of RS. Vanguard Group Inc. boosted its position in Reliance Steel & Aluminum Co. by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,846,689 shares of the company’s stock valued at $280,672,000 after buying an additional 51,528 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Reliance Steel & Aluminum Co. by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,038,218 shares of the company’s stock valued at $118,038,000 after buying an additional 90,272 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Reliance Steel & Aluminum Co. by 2.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,018,818 shares of the company’s stock valued at $59,000,000 after buying an additional 21,124 shares during the last quarter. Victory Capital Management Inc. boosted its position in Reliance Steel & Aluminum Co. by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 806,772 shares of the company’s stock valued at $46,720,000 after buying an additional 59,300 shares during the last quarter. Finally, Cooke & Bieler LP boosted its position in Reliance Steel & Aluminum Co. by 23.4% in the fourth quarter. Cooke & Bieler LP now owns 624,355 shares of the company’s stock valued at $36,157,000 after buying an additional 118,597 shares during the last quarter.

Reliance Steel & Aluminum Co is a metals service center company. The Company operates through metals service centers segment. The Company’s network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom.

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