A. O. Smith Co. (NYSE:AOS) Director Ronald D. Brown sold 12,000 shares of the firm’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $68.71, for a total value of $824,520.00.
AOS stock traded up $1.24 during mid-day trading on Tuesday, hitting $71.53. 1,041,509 shares of the company were exchanged, compared to its average volume of 1,219,450. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 1.77. A. O. Smith Co. has a 1-year low of $38.51 and a 1-year high of $71.57. The firm’s 50 day simple moving average is $67.75 and its 200 day simple moving average is $59.68. The firm has a market cap of $11.57 billion, a P/E ratio of 36.68, a P/E/G ratio of 2.67 and a beta of 1.06.
A. O. Smith (NYSE:AOS) last announced its earnings results on Wednesday, April 28th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $769.00 million during the quarter, compared to analyst estimates of $768.60 million. A. O. Smith had a net margin of 11.25% and a return on equity of 19.29%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. On average, equities research analysts predict that A. O. Smith Co. will post 2 EPS for the current fiscal year.
A number of analysts have recently weighed in on the company. Rosenblatt Securities raised their target price on A. O. Smith from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group boosted their price objective on A. O. Smith from $35.00 to $40.00 and gave the stock a “sell” rating in a report on Friday. DA Davidson reiterated a “buy” rating on shares of A. O. Smith in a research report on Tuesday, February 2nd. Zacks Investment Research upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Tuesday, March 30th. Finally, Stifel Nicolaus lowered shares of A. O. Smith from a “buy” rating to a “hold” rating and lifted their target price for the stock from $65.00 to $67.00 in a report on Monday, April 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. A. O. Smith presently has an average rating of “Hold” and a consensus target price of $58.56.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smith Shellnut Wilson LLC ADV boosted its position in A. O. Smith by 3.2% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 4,938 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 152 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of A. O. Smith by 4.4% during the 1st quarter. Stratos Wealth Advisors LLC now owns 4,175 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 175 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of A. O. Smith by 2.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,428 shares of the industrial products company’s stock valued at $435,000 after buying an additional 183 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of A. O. Smith by 0.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 50,884 shares of the industrial products company’s stock valued at $2,789,000 after buying an additional 200 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in A. O. Smith by 4.8% during the fourth quarter. Moors & Cabot Inc. now owns 4,468 shares of the industrial products company’s stock worth $246,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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