$RS

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Reliance Insider Sold Shares Worth $902,242, According to a Recent SEC Filing

Arthur Ajemyan, Senior Vice President, Chief Financial Officer, on July 31, 2026, sold 2,200 shares in Reliance (RS) for $902,242. Following the Form 4 filing with the SEC, Ajemyan has control over a total of 17,242 common shares of the company, with 14,640 shares held directly and 2,602 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/861884/000112329226001043/xslF345X05/form4.xml

$RS

Research101d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Reliance, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $21 to $358, led by an EV/EBITDA of 11.0x our 2027 EBITDA estimate, a modest premium to Reliance's three-year avg. forward EV/EBITDA of 10.7x. We raise our 2026 EPS estimate by $2.45 to $19.26 and our 2027 EPS forecast by $1.88 to $20.22. Reliance continues to demonstrate operational excellence with 13 consecutive quarters of market share gains, significantly outperforming the broader metals service center industry. Reliance's diversified end market exposure provides resilience, with particular strength in infrastructure, data centers, defense, and energy sectors. Extending mill lead times and tight supply conditions support a favorable pricing environment through 2026. With a strong balance sheet (1.0x net debt-to-EBITDA) and disciplined capital allocation including ongoing share repurchases and a 4% dividend increase RS is well-positioned to capitalize on current market dynamics. However, the valuation at current levels limits near-term upside, supporting our Hold opinion.

$RS

Research103d ago

Research Alert: Rs Posts Q1 Sales And Eps Beat, Record Volumes And Major Contract Wins

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RS reported Q1 2026 adj. EPS of $5.16 vs. $4.66 consensus, exceeding guidance, with net sales of $4.03B beating consensus by $118M on record tons sold of 1.67M (+9.4% Q/Q, +2.7% Y/Y). Gross margin recovered to 29.1% (+180 bps Q/Q), moving within the company's 29%-31% target range as LIFO headwinds moderated. RS outperformed industry shipments by ~8%-pts, marking the 13th consecutive of outpacing industry growth, with broad-based performance across carbon steel, aluminum, and stainless steel categories. Management guided for Q2 2026 adj. EPS of $5.15-$5.35, reflecting confidence in sustained pricing momentum across key end markets. RS secured $2.9B in government contracts, including a $2.24B border wall contract and a $654M Joint Strike Fighter renewal. We believe the aluminum recovery is particularly meaningful given 2025's tariff-related compression, and disciplined capital allocation with $301M returned to shareholders demonstrates balance sheet strength at 1.0x net debt-to-EBITDA.

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