---
title: "Top Reliance Steel Executive Makes Major Insider Move"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294301967.md"
description: "Reliance Steel Senior Vice President William A. Smith II sold 2,353 shares worth $974,630 on July 29, 2026. This insider sale occurred despite the company's strong Q2 performance, which featured record tons sold and robust pricing. While analysts note sector-wide headwinds like deflating steel premiums, TipRanks' AI Analyst Spark rates RS stock as an 'Outperform,' citing solid financial health and strong technical momentum."
datetime: "2026-07-30T02:04:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294301967.md)
  - [en](https://longbridge.com/en/news/294301967.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294301967.md)
generator: "portal-rs"
---

# Top Reliance Steel Executive Makes Major Insider Move

New insider activity at Reliance Steel ( (RS) ) has taken place on July 29, 2026.

William A. Smith II, Senior Vice President, General Counsel, and Corporate Secretary of Reliance Steel, has sold 2,353 shares of Reliance Steel stock in a transaction valued at $974,630, reflecting a substantial insider sale at the company.

Reliance Steel’s shares reacted to a strong Q2 beat, with record tons sold and robust pricing supported by extended mill lead times and healthy demand, including initial contributions from a large U.S. border wall contract. However, analysts’ price target tweaks reflect sector-wide factors such as deflating steel “safe-haven” premiums after shipping disruptions eased, volatile aluminum and diesel markets, and the impact of higher building materials costs and LIFO-driven margin noise on forward assumptions.

**Spark’s Take on RS Stock**

According to Spark, TipRanks’ AI Analyst, RS is a Outperform.

The score is driven primarily by solid financial health (notably low leverage) and strong technical trend/momentum. The latest earnings call adds support through upbeat EPS guidance and strong operating metrics, but the overall rating is tempered by compressed TTM margins/cash conversion and a less attractive valuation (P/E 23.57 with a ~1.20% dividend yield).

To see Spark’s full report on RS stock,  
 click here. 

**More about Reliance Steel**

**YTD Price Performance:** 44.51%

**Average Trading Volume:** 354,473

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $20.64B

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- [RS.US](https://longbridge.com/en/quote/RS.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**