10 Best Aluminum Stocks to Buy According to Billionaires

6. Reliance, Inc. (NYSE:RS)

Number of Billionaires: 10

Number of Hedge Fund Holders: 31

Reliance, Inc. (NYSE:RS), one of the biggest metals service centers in North America, offers carbon steel, aluminum, stainless steel, and specialty alloys to industries like construction, energy, and aerospace. While maintaining a robust capital allocation strategy, the company prioritizes value-added processing to enhance efficiency for its customers.

Reliance, Inc. (NYSE:RS) reported annual revenue of $13.84 billion, with tons sold climbing by 4% year-over-year as of Q4 ended December 31, 2024. The company accomplished its third-highest result in history by yielding $1.43 billion in cash flow from operations and achieving a gross margin of 29.7% for the year. While non-GAAP earnings per diluted share stood at $2.22, the revenue for Q4 amounted to $3.12 billion. However, Reliance maintained strong profitability via disciplined pricing and cost management, even with a 3.4% drop in average selling price per ton sold.

Moreover, the company broadened its footprint in 2024 with four acquisitions, which contributed approximately $400 million in annualized sales. Prioritizing automation and processing capabilities to meet growing demand, Reliance, Inc. (NYSE:RS) invested $430.6 million in capital expenditures. The company also increased its quarterly dividend by 9.1% to $1.20 per share and repurchased $1.09 billion in shares.

Furthermore, aluminum continues to be a core product for Reliance, taking advantage of the demand in the energy infrastructure, aerospace, and electric vehicles. Supporting its gross profit margin, the company witnessed steady aluminum and stainless steel prices in Q4. Fueled by infrastructure projects and data center expansion, the demand for non-residential construction, a primary end market, remained strong.

Consequently, Reliance, Inc. (NYSE:RS) remains well-positioned for growth in 2025, with strong financial performance, strategic acquisitions, and continued investment in value-added processing. Due to exposure to high-demand sectors, including aluminum, the company is placed on the list of best aluminum stocks to buy.