A.O. Smith Corp. (AOS) Sets New 1-Year High at $97.13
A.O. Smith Corp. (NYSE:AOS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock 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.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of A.O. Smith Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Longbow Research assumed coverage on shares of A.O. Smith Corp. in a report on Friday, June 17th. They set a “neutral” rating on the stock. BMO Capital Markets set a $106.00 price objective on shares of A.O. Smith Corp. and gave the company a “buy” rating in a report on Monday, August 8th. SunTrust Banks Inc. dropped their target price 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 reiterated a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. A.O. Smith Corp. presently has a consensus rating of “Buy” and an average target price of $88.71.
The company has a market cap of $8.45 billion and a price-to-earnings ratio of 27.43. The company has a 50 day moving average of $93.19 and a 200-day moving average of $82.47.
A.O. Smith Corp. (NYSE:AOS) last announced its quarterly earnings data 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 company earned $667 million during the quarter, compared to analysts’ expectations of $696.69 million. During the same quarter in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast 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. 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 the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $93.29, for a total transaction of $578,398.00. Following the sale, the insider now owns 19,449 shares of the company’s stock, valued at approximately $1,814,397.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark D. Smith sold 1,146 shares of the firm’s 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 sale, the director now directly owns 54,850 shares in the company, valued at approximately $5,142,736. The disclosure for this sale can be found here.
An institutional investor recently raised its position in A.O. Smith Corp. stock. State of Tennessee Treasury Department raised its stake in A.O. Smith Corp. (NYSE:AOS) by 83.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 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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