Charles T. Lauber Sells 2,473 Shares of A.O. Smith Corp. (AOS) Stock
A.O. Smith Corp. (NYSE:AOS) SVP Charles T. Lauber sold 2,473 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $48.12, for a total value of $119,000.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of A.O. Smith Corp. (NYSE:AOS) opened at 47.53 on Wednesday. The company has a market cap of $8.27 billion, a PE ratio of 25.96 and a beta of 1.40. A.O. Smith Corp. has a one year low of $30.15 and a one year high of $51.49. The stock’s 50 day moving average price is $47.95 and its 200 day moving average price is $44.97.
A.O. Smith Corp. (NYSE:AOS) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business earned $683.90 million during the quarter, compared to analysts’ expectations of $577.20 million. A.O. Smith Corp. had a return on equity of 21.84% and a net margin of 12.32%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Equities analysts predict that A.O. Smith Corp. will post $1.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, October 27th. This represents a $0.48 annualized dividend and a yield of 1.01%. A.O. Smith Corp.’s payout ratio is currently 26.30%.
A number of research firms have recently issued reports on AOS. KeyCorp restated a “buy” rating and set a $107.00 price objective on shares of A.O. Smith Corp. in a research report on Thursday, October 6th. Jefferies Group lowered their price objective on A.O. Smith Corp. from $55.50 to $43.00 and set a “buy” rating on the stock in a research report on Friday, September 23rd. Zacks Investment Research cut A.O. Smith Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, BMO Capital Markets set a $53.00 price objective on A.O. Smith Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.79.
A number of hedge funds have recently added to or reduced their stakes in AOS. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in A.O. Smith Corp. during the second quarter valued at $106,000. Nordea Investment Management AB bought a new position in shares of A.O. Smith Corp. during the second quarter valued at $150,000. Daiwa Securities Group Inc. bought a new position in shares of A.O. Smith Corp. during the second quarter valued at $150,000. Mn Services Vermogensbeheer B.V. bought a new position in shares of A.O. Smith Corp. during the second quarter valued at $150,000. Finally, Timber Hill LLC bought a new position in shares of A.O. Smith Corp. during the second quarter valued at $201,000. 38.11% of the stock is owned by institutional investors and hedge funds.
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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