A.O. Smith Corp. (AOS) Reaches New 12-Month High at $94.88
A.O. Smith Corp. (NYSE:AOS)’s share price reached a new 52-week high on Thursday . The stock traded as high as $94.88 and last traded at $94.82, with a volume of 235,520 shares. The stock had previously closed at $94.34.
Several research firms have weighed in on AOS. BMO Capital Markets set a $106.00 price target on A.O. Smith Corp. and gave the stock a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research raised A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, July 28th. SunTrust Banks Inc. dropped their price target on A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Longbow Research began coverage on A.O. Smith Corp. in a research report on Friday, June 17th. They set a “neutral” rating for the company. Finally, Sterne Agee CRT reissued a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $88.71.
The stock has a market cap of $8.21 billion and a PE ratio of 26.65. The firm’s 50-day moving average price is $90.45 and its 200 day moving average price is $79.81.
A.O. Smith Corp. (NYSE:AOS) last released its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.08. During the same quarter last year, the company earned $0.79 earnings per share. The firm earned $667 million during the quarter, compared to analyst estimates of $696.69 million. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that A.O. Smith Corp. will post $3.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be given a $0.24 dividend. The ex-dividend date is Wednesday, July 27th. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%.
In other A.O. Smith Corp. news, SVP Charles T. Lauber sold 1,072 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $83.54, for a total value of $89,554.88. Following the transaction, the senior vice president now owns 13,324 shares of the company’s stock, valued at $1,113,086.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $93.29, for a total value of $578,398.00. Following the completion of the transaction, the insider now directly owns 19,449 shares in the company, valued at approximately $1,814,397.21. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of AOS. Redwood Investments LLC boosted its position in A.O. Smith Corp. by 37.3% in the fourth quarter. Redwood Investments LLC now owns 28,376 shares of the company’s stock valued at $2,174,000 after buying an additional 7,715 shares in the last quarter. US Bancorp DE boosted its position in A.O. Smith Corp. by 0.5% in the fourth quarter. US Bancorp DE now owns 62,773 shares of the company’s stock valued at $4,809,000 after buying an additional 292 shares in the last quarter. State of Tennessee Treasury Department boosted its position in A.O. Smith Corp. by 83.1% in the fourth quarter. State of Tennessee Treasury Department now owns 140,531 shares of the company’s stock valued at $10,766,000 after buying an additional 63,800 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in A.O. Smith Corp. during the fourth quarter valued at about $15,086,000. Finally, Principal Financial Group Inc. boosted its position in A.O. Smith Corp. by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 250,719 shares of the company’s stock valued at $19,207,000 after buying an additional 5,317 shares in the last quarter.
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.
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