BMO Capital Markets 将信实钢铁和铝业（纽约证券交易所代码：RS）的目标价提高至265.00美元|SEC_新浪财经

Reliance Steel & Aluminum (NYSE:RS – Get Rating) had its target price raised by BMO Capital Markets from $235.00 to $265.00 in a research note published on Friday morning, The Fly reports.

Other research analysts have also issued reports about the stock. Bank of America began coverage on shares of Reliance Steel & Aluminum in a research note on Wednesday, January 4th. They issued a neutral rating on the stock. KeyCorp raised their price target on shares of Reliance Steel & Aluminum from $225.00 to $235.00 and gave the stock an overweight rating in a report on Wednesday, January 25th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Reliance Steel & Aluminum currently has a consensus rating of Moderate Buy and a consensus target price of $231.40.

Get

Reliance Steel & Aluminum

alerts:

Reliance Steel & Aluminum Price Performance

NYSE RS opened at $247.90 on Friday. The stock's fifty day moving average price is $215.96 and its 200 day moving average price is $200.90. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 8.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.55 and a quick ratio of 1.78. Reliance Steel & Aluminum has a 1 year low of $160.29 and a 1 year high of $248.77.

Reliance Steel & Aluminum (NYSE:RS – Get Rating) last posted its earnings results on Thursday, February 16th. The industrial products company reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $1.40. Reliance Steel & Aluminum had a net margin of 10.81% and a return on equity of 27.01%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company posted $6.83 EPS. The company's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Reliance Steel & Aluminum will post 18.26 earnings per share for the current year.

Reliance Steel & Aluminum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, March 9th. This is an increase from Reliance Steel & Aluminum's previous quarterly dividend of $0.88. Reliance Steel & Aluminum's dividend payout ratio (DPR) is 13.42%.

Insiders Place Their Bets

In other Reliance Steel & Aluminum news, Director James Donald Hoffman sold 10,000 shares of the business's stock in a transaction on Friday, January 6th. The shares were sold at an average price of $211.45, for a total value of $2,114,500.00. Following the completion of the transaction, the director now owns 19,680 shares in the company, valued at $4,161,336. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director James Donald Hoffman sold 10,000 shares of the business's stock in a transaction on Friday, January 6th. The shares were sold at an average price of $211.45, for a total value of $2,114,500.00. Following the completion of the sale, the director now directly owns 19,680 shares of the company's stock, valued at $4,161,336. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Karla R. Lewis sold 9,178 shares of Reliance Steel & Aluminum stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $213.69, for a total transaction of $1,961,246.82. Following the completion of the transaction, the president now owns 77,832 shares in the company, valued at $16,631,920.08. The disclosure for this sale can be found here. Insiders sold a total of 25,747 shares of company stock worth $5,479,608 over the last 90 days. Corporate insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC grew its position in Reliance Steel & Aluminum by 34.7% during the second quarter. Cetera Advisor Networks LLC now owns 5,812 shares of the industrial products company's stock worth $987,000 after buying an additional 1,498 shares during the period. Quantamental Technologies LLC lifted its holdings in shares of Reliance Steel & Aluminum by 84.2% in the second quarter. Quantamental Technologies LLC now owns 2,547 shares of the industrial products company's stock valued at $433,000 after purchasing an additional 1,164 shares in the last quarter. CWM LLC lifted its holdings in shares of Reliance Steel & Aluminum by 30.7% in the third quarter. CWM LLC now owns 991 shares of the industrial products company's stock valued at $173,000 after purchasing an additional 233 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Reliance Steel & Aluminum by 15.0% in the second quarter. Credit Suisse AG now owns 64,835 shares of the industrial products company's stock valued at $11,012,000 after purchasing an additional 8,479 shares in the last quarter. Finally, Tobam purchased a new stake in shares of Reliance Steel & Aluminum in the third quarter valued at about $33,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About Reliance Steel & Aluminum

(Get Rating)

Reliance Steel & Aluminum Co engages in the provision of metals processing services and distribution of metal products. It offers alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. The company was founded by Thomas J. Neilan on February 3, 1939, and is headquartered in Scottsdale, AZ.