Riverhead Capital Management LLC grew its position in shares of A. O. Smith Corp (NYSE:AOS) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,485 shares of the industrial products company’s stock after purchasing an additional 14,129 shares during the period. Riverhead Capital Management LLC’s holdings in A. O. Smith were worth $3,442,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fort L.P. bought a new stake in A. O. Smith during the second quarter worth about $116,000. Signet Financial Management LLC bought a new stake in A. O. Smith during the second quarter worth about $119,000. Captrust Financial Advisors lifted its stake in A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,031 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in A. O. Smith during the second quarter worth about $142,000. Finally, Federated Investors Inc. PA bought a new stake in A. O. Smith during the second quarter worth about $145,000. 77.02% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Paul W. Jones sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $45.99, for a total transaction of $413,910.00. Following the transaction, the director now owns 200,967 shares in the company, valued at approximately $9,242,472.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.

Several equities research analysts have issued reports on AOS shares. Goldman Sachs Group started coverage on A. O. Smith in a research note on Tuesday, October 2nd. They set a “sell” rating and a $50.00 price target for the company. ValuEngine lowered A. O. Smith from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research raised A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Stephens started coverage on A. O. Smith in a research note on Monday, November 19th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, BMO Capital Markets lowered their target price on A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $64.00.

NYSE AOS opened at $43.91 on Friday. A. O. Smith Corp has a 1-year low of $40.34 and a 1-year high of $68.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.16 and a quick ratio of 1.75. The stock has a market capitalization of $7.58 billion, a PE ratio of 20.24, a P/E/G ratio of 1.54 and a beta of 1.45.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The business had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $805.92 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that A. O. Smith Corp will post 2.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Wednesday, October 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, October 30th. This is an increase from A. O. Smith’s previous quarterly dividend of $0.18. A. O. Smith’s payout ratio is currently 40.55%.

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A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

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Institutional Ownership by Quarter for A. O. Smith (NYSE:AOS)

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