5 Best Aluminum Stocks To Buy

3. Reliance Steel & Aluminum Co. (NYSE:RS)

Number of Hedge Fund Holders: 28

Reliance Steel & Aluminum Co. (NYSE:RS) is one of the best aluminum stocks to buy. The Arizona-based Reliance Steel & Aluminum Co. (NYSE:RS) is North America’s biggest metals services company, with services related to hundreds of metals including aluminum, brass, alloy, copper, carbon steel, stainless steel and titanium

Reliance Steel & Aluminum Co. (NYSE:RS) looks undervalued since it’s trading at about 7x 2023 earnings. As a major chunk of the company’s revenue comes from steel, it’s poised to grow as steel demand and consumption is expected to thrive in the future.

A total of 28 hedge funds tracked by Insider Monkey reported having stakes in Reliance Steel & Aluminum Co. (NYSE:RS) as of the end of the third quarter.