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

Several research analysts recently commented on RS shares. Vetr raised shares of Reliance Steel & Aluminum Co. from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research note on Monday, April 25th. Bank of America Corp. downgraded shares of Reliance Steel & Aluminum Co. from a “neutral” rating to an “underperform” rating and set a $72.00 price target on the stock. in a research note on Tuesday, April 19th. They noted that the move was a valuation call. Credit Agricole SA downgraded shares of Reliance Steel & Aluminum Co. from a “buy” rating to an “underperform” rating and raised their price target for the stock from $72.00 to $75.00 in a research note on Friday, April 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Reliance Steel & Aluminum Co. in a research note on Tuesday, May 17th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $72.00 price target (up previously from $68.00) on shares of Reliance Steel & Aluminum Co. in a research note on Friday, June 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Reliance Steel & Aluminum Co. has a consensus rating of “Hold” and an average price target of $76.33.

The stock has a 50-day moving average price of $77.02 and a 200 day moving average price of $67.89. The stock has a market cap of $6.05 billion and a PE ratio of 20.36.

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

The company also recently declared 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 1.91%.

In other news, SVP William A. Smith II sold 1,183 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $77.92, for a total transaction of $92,179.36. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $779,200. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stephen Paul Koch sold 23,355 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $71.20, for a total transaction of $1,662,876.00. Following the transaction, the vice president now directly owns 37,955 shares in the company, valued at approximately $2,702,396. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Reliance Steel & Aluminum Co. by 18.9% in the fourth quarter. Schroder Investment Management Group now owns 376,820 shares of the company’s stock valued at $21,822,000 after buying an additional 60,000 shares during the last quarter. Principal Financial Group Inc. boosted its position in Reliance Steel & Aluminum Co. by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 230,557 shares of the company’s stock worth $13,352,000 after buying an additional 1,226 shares during the last quarter. Bank of Montreal Can boosted its position in Reliance Steel & Aluminum Co. by 5.6% in the fourth quarter. Bank of Montreal Can now owns 111,498 shares of the company’s stock worth $6,457,000 after buying an additional 5,958 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Reliance Steel & Aluminum Co. by 228.7% in the fourth quarter. Ameritas Investment Partners Inc. now owns 36,613 shares of the company’s stock worth $2,120,000 after buying an additional 25,474 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its position in Reliance Steel & Aluminum Co. by 27.9% in the fourth quarter. Twin Capital Management Inc. now owns 22,940 shares of the company’s stock worth $1,328,000 after buying an additional 5,000 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.