Shares of Reliance Steel & Aluminum Co (NYSE:RS) have been assigned an average recommendation of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $95.63.

Several brokerages have issued reports on RS. Macquarie set a $96.00 target price on Reliance Steel & Aluminum and gave the stock a “buy” rating in a research report on Friday, October 26th. Longbow Research cut Reliance Steel & Aluminum from a “buy” rating to a “neutral” rating in a research report on Monday, October 22nd. Citigroup cut Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Deutsche Bank cut Reliance Steel & Aluminum from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $90.00 in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research cut Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th.

Shares of Reliance Steel & Aluminum stock traded up $1.68 during trading on Friday, hitting $80.58. 114,621 shares of the company’s stock traded hands, compared to its average volume of 582,576. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.40 and a quick ratio of 1.92. Reliance Steel & Aluminum has a 1 year low of $74.65 and a 1 year high of $97.41. The stock has a market capitalization of $5.66 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15.

Reliance Steel & Aluminum (NYSE:RS) last announced its earnings results on Thursday, October 25th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.27). The firm had revenue of $2.97 billion during the quarter. Reliance Steel & Aluminum had a return on equity of 13.58% and a net margin of 7.66%. As a group, sell-side analysts expect that Reliance Steel & Aluminum will post 9.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 15th. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is currently 36.76%.

Several hedge funds and other institutional investors have recently bought and sold shares of RS. BlackRock Inc. raised its stake in Reliance Steel & Aluminum by 1.7% during the 2nd quarter. BlackRock Inc. now owns 6,880,203 shares of the industrial products company’s stock valued at $602,292,000 after purchasing an additional 115,704 shares during the period. Victory Capital Management Inc. raised its stake in Reliance Steel & Aluminum by 4.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,233,106 shares of the industrial products company’s stock valued at $275,752,000 after purchasing an additional 148,565 shares during the period. Dimensional Fund Advisors LP raised its stake in Reliance Steel & Aluminum by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,581,731 shares of the industrial products company’s stock valued at $226,010,000 after purchasing an additional 18,241 shares during the period. Acadian Asset Management LLC raised its stake in Reliance Steel & Aluminum by 8.3% during the 3rd quarter. Acadian Asset Management LLC now owns 1,773,933 shares of the industrial products company’s stock valued at $151,297,000 after purchasing an additional 136,651 shares during the period. Finally, Luminus Management LLC raised its stake in Reliance Steel & Aluminum by 22.7% during the 3rd quarter. Luminus Management LLC now owns 1,146,763 shares of the industrial products company’s stock valued at $97,807,000 after purchasing an additional 211,858 shares during the period. 84.71% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Steel & Aluminum Company Profile

Reliance Steel & Aluminum Co operates as a metals service center company in the United States and internationally. The company provides steel, aluminum, stainless, and specialty metals and related processing services to customers in various industries, such as infrastructure and energy; fabricates steel and aluminum products; and provides various precision fabrication services, including laser cutting, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise.

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Analyst Recommendations for Reliance Steel & Aluminum (NYSE:RS)

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