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HomeMarketResultsReliance Steel & Aluminum Co. (NYSE:RS) Receives Consensus Recommendation of "Moderate Buy"...

Reliance Steel & Aluminum Co. (NYSE:RS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages


Shares of Reliance Metal & Aluminum Co. (NYSE:RSGet 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:RSGet 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%.

Insider Exercise

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

(Get Rating)

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.

See Additionally

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

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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