A.O. Smith Corp. (AOS) Hits New 1-Year High at $97.58
Shares of A.O. Smith Corp. (NYSE:AOS) reached a new 52-week high on Monday . The stock traded as high as $97.58 and last traded at $96.98, with a volume of 557,100 shares changing hands. The stock had previously closed at $96.36.
Several research firms have weighed in on AOS. Zacks Investment Research lowered A.O. Smith Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Longbow Research assumed coverage on A.O. Smith Corp. in a research report on Friday, June 17th. They issued a “neutral” rating on the stock. BMO Capital Markets set a $106.00 price objective on A.O. Smith Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. SunTrust Banks Inc. reduced their price objective 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. Finally, Sterne Agee CRT restated a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.71.
The firm has a market cap of $8.46 billion and a PE ratio of 27.47. The firm has a 50-day moving average of $93.59 and a 200-day moving average of $82.67.
A.O. Smith Corp. (NYSE:AOS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The firm had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. Analysts predict that A.O. Smith Corp. will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Stockholders 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 0.99%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other news, insider Wilfridus M. Brouwer sold 6,200 shares of A.O. Smith Corp. stock in a transaction on Friday, July 29th. The stock was sold at an average price of $93.29, for a total transaction of $578,398.00. Following the transaction, the insider now directly owns 19,449 shares in the company, valued at approximately $1,814,397.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark D. Smith sold 1,146 shares of A.O. Smith Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $93.76, for a total value of $107,448.96. Following the transaction, the director now owns 54,850 shares in the company, valued at $5,142,736. The disclosure for this sale can be found here.
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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