A. O. Smith Corp (AOS) Given Average Recommendation of “Buy” by Brokerages
Shares of A. O. Smith Corp (NYSE:AOS) have received a consensus rating of “Buy” from the seven ratings firms that are covering the company. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $47.75.
A number of research analysts have weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of A. O. Smith Corp in a research note on Friday, April 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of A. O. Smith Corp from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, February 6th. Finally, Stifel Nicolaus lifted their price target on shares of A. O. Smith Corp from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, February 3rd.
In other news, Director Idelle K. Wolf sold 750 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $54.96, for a total value of $41,220.00. Following the sale, the director now owns 54,803 shares of the company’s stock, valued at $3,011,972.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Charles T. Lauber sold 3,987 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $54.35, for a total transaction of $216,693.45. Following the completion of the sale, the senior vice president now directly owns 23,980 shares in the company, valued at approximately $1,303,313. The disclosure for this sale can be found here. In the last three months, insiders sold 136,838 shares of company stock worth $7,306,460. 1.76% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of A. O. Smith Corp during the fourth quarter worth approximately $90,462,000. Thrivent Financial for Lutherans raised its stake in shares of A. O. Smith Corp by 118.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,290 shares of the industrial products company’s stock worth $1,197,000 after buying an additional 13,730 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of A. O. Smith Corp by 136.3% in the fourth quarter. Baird Financial Group Inc. now owns 1,446,356 shares of the industrial products company’s stock worth $68,485,000 after buying an additional 834,229 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of A. O. Smith Corp by 97.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 686,638 shares of the industrial products company’s stock worth $32,514,000 after buying an additional 338,077 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of A. O. Smith Corp by 94.0% in the first quarter. Conestoga Capital Advisors LLC now owns 24,915 shares of the industrial products company’s stock worth $1,275,000 after buying an additional 12,075 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.
A. O. Smith Corp (NYSE:AOS) traded up 1.482% on Friday, reaching $53.806. 426,617 shares of the company’s stock traded hands. A. O. Smith Corp has a 52-week low of $39.75 and a 52-week high of $55.41. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 27.735 and a beta of 1.42. The stock’s 50 day moving average is $52.29 and its 200 day moving average is $49.77.
A. O. Smith Corp (NYSE:AOS) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. A. O. Smith Corp had a net margin of 12.16% and a return on equity of 21.77%. The firm had revenue of $740 million for the quarter, compared to analyst estimates of $698.38 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. On average, equities research analysts predict that A. O. Smith Corp will post $2.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 28th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Wednesday, April 26th. A. O. Smith Corp’s dividend payout ratio is presently 30.35%.
About A. O. Smith Corp
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
Receive News & Stock Ratings for A. O. Smith Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith Corp and related stocks with our FREE daily email newsletter.