Reliance Steel Aluminum Stock Today

RS Stock  USD 336.90  5.52  1.67%   

Performance

11 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Reliance Steel is selling for under 336.90 as of the 28th of March 2024; that is 1.67% increase since the beginning of the trading day. The stock's lowest day price was 333.3. Reliance Steel has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Reliance Steel Aluminum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
15th of September 1994
Category
Basic Materials
Reliance Steel Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in the United States and is traded on New York Stock Exchange. The company has 57.43 M outstanding shares of which 697.76 K shares are at this time sold short in the market by investors with about 2.56 days to cover all shorted shares. More on Reliance Steel Aluminum

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Reliance Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Reliance Steel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Reliance Steel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Reliance Steel's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Reliance Steel's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEO and President and DirectorGregg Mollins
Thematic IdeaWholesale (View all Themes)
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, Stock Exchange Of, SP Midcap 400, Wholesale, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Reliance Steel report their recommendations after researching Reliance Steel's financial statements, talking to executives and customers, or listening in on Reliance Steel's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Reliance Steel Aluminum. The Reliance consensus assessment is calculated by taking the average forecast from all of the analysts covering Reliance Steel.
Financial Strength
Based on the analysis of Reliance Steel's profitability, liquidity, and operating efficiency, Reliance Steel Aluminum is doing better financially then in previous quarter. It has a moderate likelihood of reporting better financial numbers in April. Financial strength of Reliance Steel Aluminum is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.130.1267
Fairly Up
Slightly volatile
Asset Turnover1.731.4037
Fairly Up
Pretty Stable
Gross Profit Margin0.220.2906
Way Down
Slightly volatile
Net Debt282.2 M297.1 M
Notably Down
Pretty Stable
Total Current Liabilities518 M843.6 M
Way Down
Slightly volatile
Non Current Liabilities Total1.5 BB
Way Down
Pretty Stable
Total Assets11.1 B10.5 B
Sufficiently Up
Slightly volatile
Total Current AssetsB4.8 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.8 B1.7 B
Sufficiently Up
Slightly volatile
Reliance Steel's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Reliance Steel's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Reliance Steel's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Reliance Steel's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Reliance Steel's financial leverage. It provides some insight into what part of Reliance Steel's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Reliance Steel's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Reliance Steel deploys its capital and how much of that capital is borrowed.
Liquidity
Reliance Steel cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 1.38 B of total liabilities with total debt to equity ratio (D/E) of 0.27, which may suggest the company is not taking enough advantage from financial leverage. Reliance Steel Aluminum has a current ratio of 3.19, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Reliance Steel until it has trouble settling it off, either with new capital or with free cash flow. So, Reliance Steel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Reliance Steel Aluminum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Reliance to invest in growth at high rates of return. When we think about Reliance Steel's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

12.24 Million
Reliance Steel Aluminum (RS) is traded on New York Stock Exchange in USA. It is located in 16100 N. 71st Street, Scottsdale, AZ, United States, 85254 and employs 15,000 people. Reliance Steel is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 19.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Reliance Steel's market, we take the total number of its shares issued and multiply it by Reliance Steel's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Reliance Steel Aluminum is active under Metals & Mining sector as part of Materials industry. The entity has 57.43 M outstanding shares of which 697.76 K shares are at this time sold short in the market by investors with about 2.56 days to cover all shorted shares. Reliance Steel Aluminum reports about 1.17 B in cash with 1.67 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.97.
Check Reliance Steel Probability Of Bankruptcy
Ownership Allocation
Reliance Steel Aluminum has a total of 57.43 Million outstanding shares. The majority of Reliance Steel Aluminum outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Reliance Steel Aluminum to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Reliance Steel. Please pay attention to any change in the institutional holdings of Reliance Steel Aluminum as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Reliance Ownership Details

Reliance Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Reliance Steel jumping above the current price in 90 days from now is nearly 4.22%. The Reliance Steel Aluminum probability density function shows the probability of Reliance Steel stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 2.0127 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Reliance Steel will likely underperform. Additionally, reliance Steel Aluminum has an alpha of 0.0487, implying that it can generate a 0.0487 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 336.9HorizonTargetOdds Above 336.9
95.74%90 days
 336.90 
4.22%
Based on a normal probability distribution, the odds of Reliance Steel to move above the current price in 90 days from now is nearly 4.22 (This Reliance Steel Aluminum probability density function shows the probability of Reliance Stock to fall within a particular range of prices over 90 days) .

Reliance Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Reliance Steel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Reliance Steel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Reliance Steel's value.
InstituionRecorded OnShares
Amvescap Plc.2023-12-31
813.6 K
Lsv Asset Management2023-12-31
772 K
Norges Bank2023-12-31
667.5 K
Lord, Abbett & Co Llc2023-12-31
633.7 K
Northern Trust Corp2023-12-31
631.2 K
T. Rowe Price Investment Management,inc.2023-12-31
621.9 K
Bank Of New York Mellon Corp2023-12-31
582.8 K
Pacer Advisors, Inc.2023-12-31
536.5 K
Morgan Stanley - Brokerage Accounts2023-12-31
514.4 K
Vanguard Group Inc2023-12-31
M
Blackrock Inc2023-12-31
6.3 M
View Reliance Steel Diagnostics

Reliance Steel Historical Income Statement

Reliance Steel Aluminum Income Statement is one of the three primary financial statements used for reporting Reliance's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Reliance Steel Aluminum revenue and expense. Reliance Steel Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Reliance Steel's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.3 M in 2024, whereas Total Operating Expenses is likely to drop slightly above 1.3 B in 2024. View More Fundamentals

Reliance Stock Against Markets

Picking the right benchmark for Reliance Steel stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Reliance Steel stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Reliance Steel is critical whether you are bullish or bearish towards Reliance Steel Aluminum at a given time. Please also check how Reliance Steel's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Reliance Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Reliance Steel Corporate Directors

Reliance Steel corporate directors refer to members of a Reliance Steel board of directors. The board of directors generally takes responsibility for the Reliance Steel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Reliance Steel's board members must vote for the resolution. The Reliance Steel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Leslie WaiteIndependent DirectorProfile
Douglas HayesLead Independent DirectorProfile
Andrew SharkeyIndependent DirectorProfile
Robert McEvoyIndependent DirectorProfile

How to buy Reliance Stock?

Before investing in Reliance Steel, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Reliance Steel. To buy Reliance Steel stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Reliance Steel. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Reliance Steel stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Reliance Steel Aluminum stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Reliance Steel Aluminum stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Reliance Steel Aluminum, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Reliance Stock please use our How to Invest in Reliance Steel guide.

Already Invested in Reliance Steel Aluminum?

The danger of trading Reliance Steel Aluminum is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Reliance Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Reliance Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Reliance Steel Aluminum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
4
Earnings Share
22.63
Revenue Per Share
253.839
Quarterly Revenue Growth
(0.08)
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.