Camarda Financial Advisors LLC Purchases 1,174 Shares of Reliance Steel & Aluminum Co. (NYSE:RS)

Camarda Financial Advisors LLC increased its holdings in Reliance Steel & Aluminum Co. (NYSE:RS - Free Report) by 25.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,821 shares of the industrial products company's stock after acquiring an additional 1,174 shares during the quarter. Reliance Steel & Aluminum comprises approximately 1.1% of Camarda Financial Advisors LLC's portfolio, making the stock its 19th biggest position. Camarda Financial Advisors LLC's holdings in Reliance Steel & Aluminum were worth $1,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RS. Envestnet Asset Management Inc. lifted its stake in Reliance Steel & Aluminum by 814.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,436,988 shares of the industrial products company's stock worth $47,995,000 after acquiring an additional 1,279,892 shares during the period. CI Private Wealth LLC purchased a new position in Reliance Steel & Aluminum during the fourth quarter valued at $82,101,000. Norges Bank purchased a new position in Reliance Steel & Aluminum during the fourth quarter valued at $78,366,000. State Street Corp lifted its position in Reliance Steel & Aluminum by 16.4% during the first quarter. State Street Corp now owns 2,549,898 shares of the industrial products company's stock valued at $467,524,000 after buying an additional 359,364 shares during the period. Finally, First Trust Advisors LP lifted its position in Reliance Steel & Aluminum by 121.1% during the first quarter. First Trust Advisors LP now owns 515,735 shares of the industrial products company's stock valued at $94,560,000 after buying an additional 282,481 shares during the period. Hedge funds and other institutional investors own 83.51% of the company's stock.

NYSE RS traded up $0.95 on Thursday, reaching $275.29. The company had a trading volume of 62,991 shares, compared to its average volume of 413,443. The company has a quick ratio of 2.83, a current ratio of 5.18 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $16.12 billion, a PE ratio of 10.86 and a beta of 0.91. The firm's 50 day moving average price is $277.09 and its 200 day moving average price is $256.53. Reliance Steel & Aluminum Co. has a 12 month low of $168.24 and a 12 month high of $295.98.

Reliance Steel & Aluminum (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $6.49 EPS for the quarter, missing analysts' consensus estimates of $6.52 by ($0.03). Reliance Steel & Aluminum had a return on equity of 20.88% and a net margin of 9.63%. The business had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same period in the previous year, the business earned $9.15 earnings per share. The business's quarterly revenue was down 17.1% on a year-over-year basis. As a group, equities analysts predict that Reliance Steel & Aluminum Co. will post 22.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.45%. Reliance Steel & Aluminum's dividend payout ratio is presently 15.84%.

Several equities analysts have recently issued reports on RS shares. StockNews.com raised Reliance Steel & Aluminum from a "hold" rating to a "buy" rating in a research report on Wednesday, August 16th. Wolfe Research downgraded Reliance Steel & Aluminum from an "outperform" rating to a "peer perform" rating in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $270.00.

Read Our Latest Report on Reliance Steel & Aluminum

In related news, VP Jeffrey Wayne Durham sold 6,503 shares of Reliance Steel & Aluminum stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $275.42, for a total transaction of $1,791,056.26. Following the completion of the sale, the vice president now owns 23,651 shares in the company, valued at approximately $6,513,958.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Jeffrey Wayne Durham sold 6,503 shares of Reliance Steel & Aluminum stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $275.42, for a total transaction of $1,791,056.26. Following the completion of the sale, the vice president now owns 23,651 shares in the company, valued at approximately $6,513,958.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark V. Kaminski sold 5,000 shares of Reliance Steel & Aluminum stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $277.65, for a total transaction of $1,388,250.00. Following the sale, the director now owns 10,482 shares of the company's stock, valued at approximately $2,910,327.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,503 shares of company stock valued at $7,287,166. Company insiders own 0.62% of the company's stock.

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 distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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