A.O. Smith Corp. (AOS) Sets New 1-Year High at $97.13
A.O. Smith Corp. (NYSE:AOS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $97.13 and last traded at $96.97, with a volume of 204,895 shares changing hands. The stock had previously closed at $95.32.
A number of research analysts have issued reports on the company. Zacks Investment Research raised A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, July 28th. Sterne Agee CRT reaffirmed a “buy” rating on shares of A.O. Smith Corp. in a report on Monday, May 16th. BMO Capital Markets set a $106.00 price target on A.O. Smith Corp. and gave the company a “buy” rating in a report on Monday, August 8th. Longbow Research initiated coverage on A.O. Smith Corp. in a report on Friday, June 17th. They issued a “neutral” rating for the company. Finally, SunTrust Banks Inc. lowered their price objective 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. A.O. Smith Corp. presently has a consensus rating of “Buy” and an average target price of $88.71.
The stock’s 50-day moving average is $92.80 and its 200 day moving average is $81.76. The firm has a market capitalization of $8.44 billion and a price-to-earnings ratio of 27.40.
A.O. Smith Corp. (NYSE:AOS) last announced 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 business had revenue of $667 million for the quarter, compared to the consensus estimate of $696.69 million. A.O. Smith Corp.’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. Equities research analysts anticipate that A.O. Smith Corp. will post $3.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.96 annualized dividend and a dividend yield of 1.01%.
In other A.O. Smith Corp. news, Director Mark D. Smith sold 1,146 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $93.76, for a total value of $107,448.96. Following the completion of the transaction, the director now directly owns 54,850 shares in the company, valued at $5,142,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the stock in a transaction dated 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 owns 19,449 shares of the company’s stock, valued at $1,814,397.21. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in A.O. Smith Corp. stock. State of Tennessee Treasury Department boosted its stake in shares of A.O. Smith Corp. (NYSE:AOS) by 83.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,531 shares of the company’s stock after buying an additional 63,800 shares during the period. State of Tennessee Treasury Department owned 0.16% of A.O. Smith Corp. worth $10,766,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.