A.O. Smith Corp. (AOS) Given Consensus Rating of “Buy” by Brokerages
A.O. Smith Corp. (NYSE:AOS) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $53.79.
A number of 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 $52.50 target price on the stock in a report on Thursday, July 28th. Longbow Research assumed coverage on A.O. Smith Corp. in a report on Friday, June 17th. They issued a “neutral” rating on the stock. BMO Capital Markets set a $53.00 target price on A.O. Smith Corp. and gave the company a “buy” rating in a report on Monday, August 8th. SunTrust Banks Inc. lowered their target price on A.O. Smith Corp. from $51.50 to $45.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. Finally, Jefferies Group lowered their target price on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 23rd.
In related news, insider Wilfridus M. Brouwer sold 6,200 shares of the firm’s 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 completion of the sale, the insider now directly owns 19,449 shares of the company’s stock, valued at approximately $1,814,397.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark D. Smith sold 1,146 shares of the firm’s 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 sale, the director now directly owns 54,850 shares of the company’s stock, valued at $5,142,736. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. British Columbia Investment Management Corp boosted its stake in A.O. Smith Corp. by 0.6% in the third quarter. British Columbia Investment Management Corp now owns 67,153 shares of the company’s stock worth $6,634,000 after buying an additional 395 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in A.O. Smith Corp. by 37.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 34,898 shares of the company’s stock worth $3,448,000 after buying an additional 9,556 shares in the last quarter. Copper Rock Capital Partners LLC boosted its stake in A.O. Smith Corp. by 8.4% in the third quarter. Copper Rock Capital Partners LLC now owns 4,443 shares of the company’s stock worth $435,000 after buying an additional 346 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in A.O. Smith Corp. by 1.0% in the second quarter. Evercore Wealth Management LLC now owns 439,975 shares of the company’s stock worth $38,766,000 after buying an additional 4,568 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in A.O. Smith Corp. during the second quarter worth $2,420,000. 76.34% of the stock is owned by hedge funds and other institutional investors.
Shares of A.O. Smith Corp. (NYSE:AOS) traded down 0.49% on Friday, reaching $49.05. The company had a trading volume of 476,439 shares. The company’s 50-day moving average is $48.33 and its 200 day moving average is $43.81. The firm has a market capitalization of $8.56 billion, a PE ratio of 27.77 and a beta of 1.36. A.O. Smith Corp. has a 12 month low of $30.15 and a 12 month high of $51.49.
A.O. Smith Corp. (NYSE:AOS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.08. The business had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. A.O. Smith Corp. had a return on equity of 21.57% and a net margin of 12.23%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Equities analysts forecast that A.O. Smith Corp. will post $3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.97%. A.O. Smith Corp.’s dividend payout ratio (DPR) is presently 27.20%.
A.O. Smith Corp. Company Profile
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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