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

Shares of Reliance, Inc. (NYSE:RS) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $324.3333.

A number of research firms recently commented on RS. BMO Capital Markets lowered Reliance from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. KeyCorp reiterated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $340.00 to $330.00 in a report on Friday, February 20th. Finally, Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st.

Reliance Trading Down 2.6%

Shares of RS stock opened at $302.96 on Friday. The company has a market capitalization of $15.67 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.15 and a beta of 0.91. Reliance has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $322.50 and a 200 day moving average price of $297.07.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.40). The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.Reliance’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Research analysts forecast that Reliance will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, March 6th. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio is 34.36%.

Insider Buying and Selling at Reliance

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of Reliance

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners lifted its holdings in Reliance by 72.6% during the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock worth $552,461,000 after buying an additional 741,417 shares in the last quarter. Norges Bank acquired a new stake in shares of Reliance in the 4th quarter valued at $207,691,000. Alliancebernstein L.P. raised its position in shares of Reliance by 899.4% during the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock worth $205,997,000 after acquiring an additional 660,128 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after acquiring an additional 343,598 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Reliance by 1,018.9% during the fourth quarter. Corient Private Wealth LLC now owns 341,827 shares of the industrial products company’s stock valued at $98,744,000 after acquiring an additional 311,276 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

About Reliance

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.