A. O. Smith Corp (NYSE:AOS) insider Wallace E. Goodwin sold 13,200 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $50.02, for a total transaction of $660,264.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE AOS opened at $49.26 on Friday. A. O. Smith Corp has a fifty-two week low of $40.34 and a fifty-two week high of $66.89. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The company has a quick ratio of 1.70, a current ratio of 2.09 and a debt-to-equity ratio of 0.13.
A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The business had revenue of $812.50 million during the quarter, compared to the consensus estimate of $821.35 million. During the same quarter last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that A. O. Smith Corp will post 2.72 EPS for the current year.
AOS has been the subject of several research analyst reports. BMO Capital Markets lowered shares of A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 price objective for the company. in a report on Wednesday, January 30th. Zacks Investment Research lowered shares of A. O. Smith from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Boenning Scattergood restated a “buy” rating on shares of A. O. Smith in a report on Tuesday, January 29th. ValuEngine upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Finally, Oppenheimer restated a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. A. O. Smith currently has a consensus rating of “Hold” and a consensus price target of $62.56.
Several hedge funds and other institutional investors have recently made changes to their positions in AOS. Ceredex Value Advisors LLC increased its stake in shares of A. O. Smith by 285.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,925,958 shares of the industrial products company’s stock valued at $82,239,000 after purchasing an additional 1,426,033 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of A. O. Smith by 3,884.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,414,865 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 1,379,356 shares in the last quarter. Morgan Stanley increased its stake in shares of A. O. Smith by 24.3% during the third quarter. Morgan Stanley now owns 4,323,398 shares of the industrial products company’s stock valued at $230,740,000 after purchasing an additional 845,117 shares in the last quarter. DF Dent & Co. Inc. bought a new position in shares of A. O. Smith during the third quarter valued at approximately $33,723,000. Finally, Marshall Wace LLP bought a new position in shares of A. O. Smith during the third quarter valued at approximately $31,802,000. 76.69% of the stock is owned by institutional investors and hedge funds.
About A. O. Smith
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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