Reliance Steel & Aluminum

  • The Four Best Mid-Cap Industrials For Your Money

    By Damon Churchwell - August 19, 2013 | Tickers: KMT, LECO, RS, VMI

    Given positive trends in U.S. and global manufacturing activity, industrial production, and construction, there may well be opportunities for investors within the industrial sector. The CAPS Community Stock Screener provides an efficient means of narrowing down one's choices, once he or she has decided upon a portfolio strategy. Incorporating the following parameters into the screener, I have selected four mid-capitalization (between $1 billion and $10 billion market cap more »

  • Chuck Royce’s Top Stock Picks

    By Meena Krishnamsetty - July 18, 2013 | Tickers: FII, LECO, NUS, RS, BKE

    We maintain a database of quarterly 13F filings from hundreds of hedge funds and other notable investors, which we use to develop investment strategies; for example, we have found that the most popular small cap stocks among hedge funds outperform the S&P 500 by an average of 18 percentage points per year.

    Individual funds’ filings can also be tracked over time, and while we don’t recommend blindly imitating more »

  • Big Steel Merger Coming Up

    By Mike Thiessen - March 25, 2013 | Tickers: AA, MUSA, RS, WOR

    Over the past few weeks, the long-anticipated merger between Reliance Steel & Aluminum (NYSE: RS) and Metals USA (NYSE: MUSA) has taken several important steps forward. First announced in early February, the merger values Metals USA at around $1.2 billion and offers considerable value for the company's shareholders and employees. From Reliance Steel's standpoint, it also has the potential to create exciting synergies that may ultimately reduce its more »

  • 3 Outstanding Outsourcing Stocks

    By Anthony Reilley - March 22, 2013 | Tickers: PAYX, RS

    It's welcome news that the long-term trend in outsourcing by US manufacturers is in decline, if not outright reverse. Shorter delivery times, higher quality, and less expensive logistics, coupled with a smaller wage gap with countries like China, make "Made in the USA" a new reality. Yet outsourcing many other business services can still be the best option, usually when it delivers an expertise that is still too expensive more »

  • 3 Gems in the Metals & Mining Space

    By Masam Abbas - February 11, 2013 | Tickers: BTU, RS, X

    The metals and mining industry within the basic materials sector has been receiving some favorable comments from the start of the year given some improvement in the macro-environment dynamics. This has led to some capital appreciation of players within this space.  However, I still believe that there are some players out there that haven’t realized fully from the ongoing improvement sector-related dynamics. Here are some of them:

    Reliance Steel more »

  • The Small-Cap King’s Five Best Stock Picks

    By Meena Krishnamsetty - January 29, 2013 | Tickers: LECO, RS, TER, BKE, WLK

    In the financial universe, large-caps receive the most focus from investors, which often leaves their smaller peers less efficiently priced. Expectedly, hedge funds seek to take advantage of this phenomenon by dedicating their research teams to work on the market’s lesser-known companies.

    Interestingly, our analysis at Insider Monkey shows that the most popular small-cap stocks among hedge funds can earn about 120 basis points of alpha per month. Best more »

  • Have We Seen The Bottom in the Steel Industry?

    By Masam Abbas - January 10, 2013 | Tickers: AKS, MUSA, NUE, ZEUS, RS, STLD, X, WOR

    The steel sector has lately been a hot topic amongst the traders. This was not the case a couple of weeks ago. People had lost interest in this sector, given the fact that it was running on massive overcapacity. Therefore, investors had heavily shorted the players in the steel industry. However, some experts believe that bullish catalysts for this industry are on the horizon. This has generated some genuine interest more »

  • Watch These Stocks at Goldman's Steel Conference

    By John Macris - November 27, 2012 | Tickers: CLF, NUE, RS, STLD, X | Editor's Choice

    Goldman Sachs is hosting its annual Steel Conference this Tuesday Nov. 27 and Wednesday Nov. 28 in New York. Since inception in 2005, the conference has solely focused on investment opinions, market trends, and perspectives for the steel industry, however Goldman decided to broaden the conference for 2012 to include metals and mining.

    Here is my synopsis on a select few of the Companies presenting, and which details investors should more »

  • It’s Showtime for this Aluminum Producer

    By Piyush Arora - October 29, 2012 | Tickers: AA, KALU, RS, RIO

    The industrial output of China rose by 9.2% in September and 8.9% in August, and it’s evident now that China is not slowing down. The ministry of industry and information technology further improved the economic sentiment when it announced that it expects the industrial growth in Q4 to be faster than Q3. The US also joined the party when it reported better than expected industrial output numbers more »

  • This Stock is Reducing its Reliance on Aluminum Pricing

    By Gulab Ram Parab - October 18, 2012 | Tickers: AA, KALU, RS

    Earnings season kicked off last Tuesday, as Alcoa (NYSE: AA) reported EPS ex-items of $0.03. Underlying the figure is a divergence in performance between upstream and downstream segments:

    Segment After-Tax Operating Income (ATOI)
    Alumina  ($9 million)
    Primary Metals  ($14 million)
    Global Rolled Products   $98 million
    Engineered Products & Solutions $160 million

     

    Lower LME-based pricing hurt both upstream segments. Year-on-year, Alumina ATOI dropped $163 million, while Primary Metals ATOI fell $124 more »

  • Why Does Chuck Royce Love Reliance Steel & Aluminum?

    By Meena Krishnamsetty - August 31, 2012 | Tickers: ATI, PCP, RS, WOR

    Large investment fund Royce & Associates, managed by Chuck Royce, recently filed its 13F for the second quarter of 2012 and reported that its fourth largest position was $4 billion market cap metal fabricator Reliance Steel & Aluminum (NYSE: RS). The fund’s 6.2 million shares was slightly down from the end of March but the fund has been a major investor for over a year and have shared in the more »