Yesterday, a Director at Reliance Steel (RS), Douglas Hayes, bought shares of RS for $228K.
Following this transaction Douglas Hayes’ holding in the company was increased by 40.5% to a total of $1.34 million. In addition to Douglas Hayes, 4 other RS executives reported Buy trades in the last month.
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Based on Reliance Steel’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.81 billion and quarterly net profit of $85.6 million. In comparison, last year the company earned revenue of $2.38 billion and had a net profit of $301 million. RS’s market cap is $6.44B and the company has a P/E ratio of 10.36. Currently, Reliance Steel has an average volume of 470.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $84.33, reflecting a -6.5% downside.
In the last 30 days, insiders have sold $9.02M worth of RS shares and purchased $228K worth of RS shares.
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Reliance Steel & Aluminum Co. engages in processing and distributing of metal products. Its products include alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
