A. O. Smith Corporation $AOS Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in A. O. Smith Corporation (NYSE:AOS) by 63.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,494 shares of the industrial products company’s stock after selling 30,621 shares during the quarter. Nisa Investment Advisors LLC’s holdings in A. O. Smith were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of A. O. Smith in the second quarter worth $1,045,000. Sequoia Financial Advisors LLC acquired a new position in A. O. Smith during the 2nd quarter worth $386,000. Charles Schwab Investment Management Inc. increased its holdings in A. O. Smith by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,265,091 shares of the industrial products company’s stock worth $82,952,000 after purchasing an additional 13,906 shares during the period. Magnetar Financial LLC acquired a new stake in A. O. Smith in the 2nd quarter valued at about $2,837,000. Finally, Prudential Financial Inc. boosted its stake in shares of A. O. Smith by 13.3% in the 2nd quarter. Prudential Financial Inc. now owns 72,417 shares of the industrial products company’s stock valued at $4,748,000 after buying an additional 8,487 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AOS shares. Citigroup cut their target price on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. DA Davidson restated a “neutral” rating and issued a $75.00 price objective on shares of A. O. Smith in a report on Thursday, November 13th. Stifel Nicolaus set a $80.00 price objective on shares of A. O. Smith and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group set a $75.00 target price on A. O. Smith and gave the company a “hold” rating in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of A. O. Smith in a report on Wednesday, December 24th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $76.50.

A. O. Smith Trading Up 0.8%

NYSE AOS opened at $71.15 on Thursday. The firm’s fifty day moving average price is $67.15 and its 200 day moving average price is $69.40. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $77.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 0.95. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The firm had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a net margin of 13.85% and a return on equity of 29.34%. A. O. Smith’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. On average, sell-side analysts expect that A. O. Smith Corporation will post 3.76 earnings per share for the current fiscal year.

A. O. Smith Company Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.