Lodge Hill Capital LLC lessened its stake in Reliance Steel & Aluminum Co. (NYSE:RS) by 47.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,833 shares of the industrial products company’s stock after selling 242,567 shares during the quarter. Reliance Steel & Aluminum Co. makes up approximately 1.4% of Lodge Hill Capital LLC’s holdings, making the stock its 20th biggest holding. Lodge Hill Capital LLC owned about 0.36% of Reliance Steel & Aluminum Co. worth $19,282,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC raised its stake in shares of Reliance Steel & Aluminum Co. by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 2,304 shares of the industrial products company’s stock valued at $168,000 after purchasing an additional 1,584 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Reliance Steel & Aluminum Co. by 15.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,788 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 382 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Reliance Steel & Aluminum Co. in the 1st quarter valued at about $248,000. BB&T Securities LLC raised its stake in shares of Reliance Steel & Aluminum Co. by 25.5% in the 2nd quarter. BB&T Securities LLC now owns 3,266 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 664 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of Reliance Steel & Aluminum Co. in the 1st quarter valued at about $280,000. Institutional investors and hedge funds own 82.50% of the company’s stock.

Shares of Reliance Steel & Aluminum Co. (RS) traded up 0.28% during midday trading on Friday, hitting $74.35. 320,972 shares of the company were exchanged. The stock has a market cap of $5.42 billion, a PE ratio of 16.77 and a beta of 1.23. The stock’s 50-day moving average is $72.14 and its 200-day moving average is $74.87. Reliance Steel & Aluminum Co. has a one year low of $65.10 and a one year high of $88.58.

Reliance Steel & Aluminum Co. (NYSE:RS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.45). Reliance Steel & Aluminum Co. had a return on equity of 8.67% and a net margin of 3.57%. Equities research analysts anticipate that Reliance Steel & Aluminum Co. will post $5.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, August 16th. Reliance Steel & Aluminum Co.’s payout ratio is 40.54%.

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A number of brokerages have recently issued reports on RS. BidaskClub upgraded shares of Reliance Steel & Aluminum Co. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Macquarie began coverage on shares of Reliance Steel & Aluminum Co. in a research note on Wednesday, September 6th. They issued an “outperform” rating on the stock. Cowen and Company set a $92.00 target price on shares of Reliance Steel & Aluminum Co. and gave the company an “outperform” rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $72.00 target price on shares of Reliance Steel & Aluminum Co. in a research note on Wednesday, July 19th. Finally, Bank of America Corporation restated a “buy” rating and issued a $89.00 target price (up previously from $88.00) on shares of Reliance Steel & Aluminum Co. in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $83.00.

Reliance Steel & Aluminum Co. Company Profile

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). As of December 31, 2016, the Company’s network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).

Institutional Ownership by Quarter for Reliance Steel & Aluminum Co. (NYSE:RS)

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