A.O. Smith Corp. (AOS) Hits New 1-Year High at $94.88
A.O. Smith Corp. (NYSE:AOS) shares hit a new 52-week high on Friday . The company traded as high as $94.88 and last traded at $94.79, with a volume of 184,382 shares changing hands. The stock had previously closed at $93.39.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, July 28th. SunTrust Banks Inc. reduced their target price on A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Longbow Research started coverage on A.O. Smith Corp. in a report on Friday, June 17th. They issued a “neutral” rating on the stock. 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 issued a buy rating to the stock. A.O. Smith Corp. presently has an average rating of “Buy” and an average target price of $86.43.
The firm has a market cap of $8.35 billion and a price-to-earnings ratio of 26.72. The stock has a 50 day moving average price of $89.16 and a 200 day moving average price of $78.72.
A.O. Smith Corp. (NYSE:AOS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.90 by $0.08. The company had revenue of $667 million for the quarter, compared to analysts’ expectations of $696.69 million. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. On average, equities research analysts predict that A.O. Smith Corp. will post $3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, July 27th.
In other news, insider Wilfridus M. Brouwer sold 6,200 shares of the business’s stock in a transaction on Friday, July 29th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Idelle K. Wolf sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $78.56, for a total transaction of $392,800.00. Following the transaction, the director now owns 30,212 shares in the company, valued at $2,373,454.72. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of AOS. Westfield Capital Management Co. LP acquired a new stake in shares of A.O. Smith Corp. during the fourth quarter worth about $15,086,000. State of Tennessee Treasury Department boosted its stake in shares of 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 worth $10,766,000 after buying an additional 63,800 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of A.O. Smith Corp. by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,254,859 shares of the company’s stock worth $479,184,000 after buying an additional 52,859 shares in the last quarter. WBI Investments Inc. boosted its stake in shares of A.O. Smith Corp. by 374.1% in the fourth quarter. WBI Investments Inc. now owns 61,888 shares of the company’s stock worth $4,742,000 after buying an additional 48,833 shares in the last quarter. Finally, Redwood Investments LLC boosted its stake in shares of A.O. Smith Corp. by 37.3% in the fourth quarter. Redwood Investments LLC now owns 28,376 shares of the company’s stock worth $2,174,000 after buying an additional 7,715 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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