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

Shares of Reliance, Inc. (NYSE:RS) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $317.25.

A number of research analysts have recently commented on RS shares. KeyCorp reiterated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. BMO Capital Markets lowered their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Finally, Wells Fargo & Company lifted their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th.

Reliance Stock Performance

Reliance stock opened at $315.80 on Friday. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19. The stock has a market cap of $16.51 billion, a PE ratio of 23.08, a P/E/G ratio of 1.60 and a beta of 0.92. Reliance has a 12-month low of $250.07 and a 12-month high of $347.43. The business’s 50-day moving average price is $286.73 and its two-hundred day moving average price is $291.63.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, analysts expect that Reliance will post 16.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Reliance

In other news, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the transaction, the chief executive officer owned 84,421 shares in the company, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen Paul Koch sold 3,066 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.56, for a total transaction of $869,394.96. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $3,975,794.76. This represents a 17.94% decrease in their position. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Reliance

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in Reliance by 10.7% in the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 33 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Reliance by 2.6% in the 2nd quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 34 shares during the period. Masso Torrence Wealth Management Inc. boosted its stake in shares of Reliance by 3.3% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 37 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Reliance by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after buying an additional 37 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Reliance by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

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.