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Reliance Steel & Aluminum Co.

RS · NYSE

Market closed$395.93$-0.090000 (-0.02%)After hours $395.93 · 0.00%

Key statistics

Previous close$396.02
Open$392.65
Day high$398.68
Day low$389.62
52-week high$419.83
52-week low$260.31
Market cap20.21B
Volume184.28K
Average volume351.92K
P/E ratio25.33
Forward P/E—
EPS15.63
Dividend yield+1.24%

Market context

Why it moved

RS experienced a marginal decline as broader Wall Street sentiment turned risk-off, driven by a sharp selloff in AI and semiconductor stocks amid concerns over slowing AI-related capital spending, compounded by weak guidance from select major companies.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Reliance Steel & Aluminum closed essentially flat as investors weigh mixed signals: strategic acquisitions expanding its U.S. metals footprint and firm infrastructure demand are offset by ongoing margin headwinds from 50% Section 232 aluminum tariffs and weakness in semiconductor and commercial aerospace end-markets. JP Morgan recently maintained its Neutral rating while lowering its price target to $376, and a new analysis flags the stock as potentially ~5% overvalued even as earnings expectations edge higher ahead of Q2 2026 results. Broader basic materials sector sentiment is cautious, with Morningstar noting most names are fairly valued to overvalued entering Q3.

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July 16, 2026Reliance Steel & Aluminum closed modestly higher, outperforming the broader materials sector (XLB) and continuing to extend into after-hours gains. The move comes as investors weigh the company's ongoing acquisition strategy and reaffirmed Q2 2026 guidance for modest volume growth—including the DHS border wall project—against persistent margin headwinds from tariff-related costs, higher aluminum prices, and soft semiconductor and commercial aerospace demand. A key overhang is JP Morgan's reiterated Neutral rating with a lowered price target of $376, keeping analyst sentiment cautious even as Reliance's buybacks and rising dividends underscore management's capital return commitment.

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July 16, 2026Reliance Steel & Aluminum edged higher, outperforming the broader XLB materials sector, as investors weighed a mixed fundamental picture. JP Morgan maintained its Neutral rating while trimming its price target to $376 from $378, citing ongoing margin pressures from 50% Section 232 aluminum tariffs and weaker semiconductor and commercial aerospace end markets. Supporting the bull case, Reliance continues to benefit from strong non-residential construction demand, DHS border wall contracts via its AMI Metals subsidiary, and a string of acquisitions deepening its U.S. metals solutions footprint — with Q2 2026 guidance reaffirming modest growth in tons sold alongside continued buybacks and dividend increases.

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July 15, 2026Reliance Steel & Aluminum edged higher in regular trading and is extending gains in after-hours, outperforming the materials sector ETF (XLB) amid a favorable macro backdrop. A soft June CPI print — headline inflation falling to 3.5% from 4.2% — lifted broad market sentiment, while a Zacks analysis published today highlighted Reliance's compelling fundamentals, citing strong end-market demand and strategic acquisitions. Steel sector tailwinds from evolving U.S. tariff policy and potential supply tightening from Middle East disruptions add further context for the metals distributor.

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July 14, 2026Reliance Steel & Aluminum closed up nearly 2%, outperforming the broader XLB materials sector ETF, as the steel industry benefited from a constructive tariff backdrop and analyst re-ratings of steel peers. JPMorgan's bullish reversal on European steel names and the EU's new import safeguard regime — which cuts duty-free steel imports by ~40% — reinforced positive sentiment across the sector. Meanwhile, the broader market faced headwinds from renewed U.S.-Iran hostilities that spiked oil prices and pressured equities, making Reliance's relative strength notable heading into a pivotal Q2 earnings season for materials companies.

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July 10, 2026Reliance Steel & Aluminum closed modestly higher, outperforming the broader Basic Materials sector (XLB edged up ~0.2% in after-hours) as investor attention turned to a bullish six-month performance narrative. A Zacks analysis highlighted that RS shares have surged 23% over the past six months, driven by record Q1 tons sold (1.673 million, up 9.4% sequentially), 13 consecutive quarters of outperforming industry shipment trends, and strong demand from data centers, infrastructure, defense, and nuclear-related markets. Tempering enthusiasm, Bank of America Securities maintained a Sell rating with a $380 price target, signaling valuation concerns near current levels as steel sector peers including Steel Dynamics prepare Q2 earnings releases later this month.

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July 9, 2026Reliance Steel & Aluminum closed modestly lower, pulling back from recent highs after Wells Fargo analyst Timna Tanners maintained an Equal-Weight rating while trimming the price target to $372 from $376. The analyst action tempered enthusiasm following a notable report highlighting RS shares' 23% six-month rally, driven by record tons sold, strong demand, and acquisitions expanding into growth markets. Broader sector headwinds also weighed, with materials investor sentiment dropping to the 1st percentile and geopolitical uncertainty tied to renewed U.S.-Iran tensions pushing oil and inflation concerns higher.

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July 8, 2026Reliance Steel & Aluminum edged up modestly during the regular session, though shares are sliding in after-hours trade as broader risk-off sentiment grips markets following President Trump's declaration that the U.S.-Iran interim peace deal is 'over,' sending oil prices surging over 5% and rattling equities. Within the steel sector, peers like Nucor continue to attract attention ahead of Q2 earnings on July 27 amid elevated U.S. hot-rolled coil prices above $1,100/ton, while Worthington Steel's sharp impairment-driven loss highlights ongoing margin pressures across the industry. Rising Treasury yields—with the 30-year above 5%—and geopolitical uncertainty add further headwinds for materials names.

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Seeking Alpha · June 2, 2026Steel stocks rally as Trump amends tariffs on imported steel, aluminum (NYSE:CLF)Investing.com · May 29, 2026Reliance Steel stock hits all-time high at 381.3 USDStock Titan · March 10, 2026Border wall steel and F-35 aluminum plate: one company lands both dealsQuiver Quantitative · October 20, 2025RELIANCE STEEL & ALUMINUM Earnings Preview: Recent $RS Insider Trading, Hedge Fund Activity, and More
Benzinga · July 15, 2026JP Morgan Maintains Neutral on Reliance, Lowers Price Target to $376
Benzinga · July 9, 2026Wells Fargo Maintains Equal-Weight on Reliance, Lowers Price Target to $372
Benzinga · June 24, 2026Keybanc Maintains Overweight on Reliance, Raises Price Target to $418
Mt Newswire · June 24, 2026KeyBanc Raises Price Target on Reliance to $418 From $378, Keeps Overweight Rating
Benzinga · June 10, 2026JP Morgan Maintains Neutral on Reliance, Raises Price Target to $378
Benzinga · April 28, 2026Seaport Global Maintains Buy on Reliance, Raises Price Target to $390
Benzinga · April 27, 2026Keybanc Maintains Overweight on Reliance, Raises Price Target to $378
Benzinga · April 24, 2026JP Morgan Maintains Neutral on Reliance, Raises Price Target to $345

Peers

S&P 500SPX · $7,457.69-1.01%Nucor CorporationNUE · $236.61+0.40%Steel Dynamics, Inc.STLD · $235.51+0.23%Cleveland-Cliffs Inc.CLF · $9.28-2.62%Commercial Metals CompanyCMC · $66.41+0.02%Ryerson Holding CorporationRYZ · $29.60+0.65%Russel Metals Inc.RUS.TO · 70.02+0.49%ArcelorMittal S.A.MT · $66.45+1.64%POSCO Holdings Inc.PKX · $50.80-0.78%Ternium S.A.TX · $44.70+1.15%Worthington Industries, Inc.WOR · $55.77-1.59%Carpenter Technology CorporationCRS · $557.77+0.61%