A.O. Smith Corp. (AOS) Sets New 52-Week High at $96.16
Shares of A.O. Smith Corp. (NYSE:AOS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $96.16 and last traded at $95.93, with a volume of 239,749 shares trading hands. The stock had previously closed at $94.65.
Several analysts have issued reports on the company. BMO Capital Markets set a $106.00 price objective on A.O. Smith Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock 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 on the stock in a research report on Thursday, July 14th. Longbow Research initiated coverage on A.O. Smith Corp. in a research report on Friday, June 17th. They set a “neutral” rating on the stock. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.71.
The stock has a market capitalization of $8.31 billion and a PE ratio of 26.98. The stock’s 50-day moving average price is $92.35 and its 200 day moving average price is $81.42.
A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.08. The company earned $667 million during the quarter, compared to the consensus estimate of $696.69 million. During the same quarter last year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts predict that A.O. Smith Corp. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Friday, July 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other A.O. Smith Corp. news, Director Mark D. Smith sold 1,146 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $93.76, for a total transaction of $107,448.96. Following the completion of the sale, the director now owns 54,850 shares in the company, valued at approximately $5,142,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter R. Martineau sold 3,800 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $83.10, for a total transaction of $315,780.00. Following the sale, the senior vice president now owns 2,800 shares of the company’s stock, valued at approximately $232,680. The disclosure for this sale can be found here.
An institutional investor recently raised its position in A.O. Smith Corp. stock. Principal Financial Group Inc. raised its stake in shares of A.O. Smith Corp. (NYSE:AOS) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,719 shares of the company’s stock after buying an additional 5,317 shares during the period. Principal Financial Group Inc. owned about 0.28% of A.O. Smith Corp. worth $19,207,000 as of its most recent filing with the SEC.
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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