Shares of Reliance Metal & Aluminum Co. (NYSE:RS – Get Rating) have been given a mean suggestion of “Reasonable Purchase” by the eight brokerages which can be overlaying the inventory, MarketBeat.com reviews. One funding analyst has rated the inventory with a maintain ranking and 6 have given a purchase ranking to the corporate. The typical 1-year worth goal amongst brokers which have lined the inventory within the final yr is $222.40.
A number of brokerages not too long ago issued reviews on RS. StockNews.com lower Reliance Metal & Aluminum from a “strong-buy” ranking to a “purchase” ranking in a analysis notice on Thursday, October sixth. KeyCorp upped their goal worth on Reliance Metal & Aluminum from $210.00 to $225.00 and gave the inventory an “obese” ranking in a report on Tuesday, November twenty second. Lastly, The Goldman Sachs Group lowered Reliance Metal & Aluminum from a “purchase” ranking to a “impartial” ranking and lowered their goal worth for the inventory from $218.00 to $201.00 in a report on Thursday, October sixth.
Reliance Metal & Aluminum Buying and selling Up 0.8 %
RS opened at $204.45 on Friday. The inventory has a market cap of $12.00 billion, a price-to-earnings ratio of 6.69 and a beta of 0.87. The inventory’s 50 day shifting common worth is $202.05 and its 200-day shifting common worth is $188.98. Reliance Metal & Aluminum has a one yr low of $145.79 and a one yr excessive of $216.76. The corporate has a debt-to-equity ratio of 0.17, a fast ratio of 1.78 and a present ratio of three.25.
Reliance Metal & Aluminum (NYSE:RS – Get Rating) final introduced its quarterly earnings information on Thursday, October twenty seventh. The commercial merchandise firm reported $6.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.20 by $0.28. Reliance Metal & Aluminum had a return on fairness of 29.31% and a internet margin of 10.98%. The corporate had income of $4.25 billion for the quarter, in comparison with analysts’ expectations of $4.14 billion. Throughout the identical quarter within the prior yr, the agency earned $6.15 earnings per share. Reliance Metal & Aluminum’s income was up 10.4% in comparison with the identical quarter final yr. On common, equities analysts forecast that Reliance Metal & Aluminum will put up 28.65 EPS for the present yr.
Reliance Metal & Aluminum Dividend Announcement
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of document on Friday, November 18th had been issued a dividend of $0.875 per share. The ex-dividend date was Thursday, November seventeenth. This represents a $3.50 annualized dividend and a dividend yield of 1.71%. Reliance Metal & Aluminum’s dividend payout ratio is presently 11.45%.
In different information, COO Stephen Paul Koch bought 6,569 shares of the inventory in a transaction on Friday, December 2nd. The inventory was bought at a mean worth of $213.71, for a complete transaction of $1,403,860.99. Following the completion of the sale, the chief working officer now owns 5,486 shares within the firm, valued at roughly $1,172,413.06. The sale was disclosed in a doc filed with the SEC, which is accessible via the SEC website. In associated information, CEO James Donald Hoffman bought 10,000 shares of the corporate’s inventory in a transaction on Thursday, October sixth. The inventory was bought at a mean worth of $183.31, for a complete worth of $1,833,100.00. Following the transaction, the chief government officer now straight owns 132,738 shares of the corporate’s inventory, valued at roughly $24,332,202.78. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, COO Stephen Paul Koch bought 6,569 shares of the corporate’s inventory in a transaction on Friday, December 2nd. The shares had been bought at a mean worth of $213.71, for a complete worth of $1,403,860.99. Following the completion of the transaction, the chief working officer now straight owns 5,486 shares within the firm, valued at $1,172,413.06. The disclosure for this sale might be discovered here. Within the final quarter, insiders bought 25,747 shares of firm inventory value $5,198,208. Insiders personal 0.62% of the corporate’s inventory.
Hedge Funds Weigh In On Reliance Metal & Aluminum
Hedge funds have not too long ago made modifications to their positions within the firm. MQS Administration LLC acquired a brand new stake in Reliance Metal & Aluminum in the course of the third quarter value about $420,000. Robeco Institutional Asset Administration B.V. grew its place in Reliance Metal & Aluminum by 11.2% in the course of the third quarter. Robeco Institutional Asset Administration B.V. now owns 18,926 shares of the commercial merchandise firm’s inventory value $3,302,000 after buying an extra 1,912 shares in the course of the interval. Bridgefront Capital LLC acquired a brand new stake in Reliance Metal & Aluminum in the course of the third quarter value about $212,000. Toroso Investments LLC acquired a brand new stake in Reliance Metal & Aluminum in the course of the third quarter value about $259,000. Lastly, Lecturers Retirement System of The State of Kentucky acquired a brand new stake in Reliance Metal & Aluminum in the course of the third quarter value about $1,698,000. 81.73% of the inventory is owned by institutional traders and hedge funds.
Reliance Metal & Aluminum Firm Profile
Reliance Metal & Aluminum Co operates as a diversified steel options supplier and the metals service heart firm in america, Canada, and internationally. The corporate distributes a line of roughly 100,000 steel merchandise, together with alloy, aluminum, brass, copper, carbon metal, chrome steel, titanium, and specialty metal merchandise; and offers metals processing providers to basic manufacturing, non-residential building, transportation, aerospace, power, electronics and semiconductor fabrication, and heavy industries.
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