A. O. Smith Corporation (NYSE:AOS) Receives Consensus Rating of "Hold" from Brokerages

Shares of A. O. Smith Corporation (NYSE:AOS - Get Free Report) have received an average rating of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $77.4286.

Several research analysts have recently commented on AOS shares. UBS Group reissued a "neutral" rating and issued a $76.00 price target (up from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. Wall Street Zen lowered A. O. Smith from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. started coverage on A. O. Smith in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price target for the company. Robert W. Baird increased their price objective on A. O. Smith from $76.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Stifel Nicolaus increased their price objective on A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a report on Monday, July 21st.

A. O. Smith Trading Down 2.9%

AOS opened at $67.68 on Friday. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.51 and a beta of 1.30. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. A. O. Smith has a 12 month low of $58.83 and a 12 month high of $83.20. The stock has a fifty day moving average price of $72.09 and a 200-day moving average price of $68.39.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.97 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a return on equity of 28.42% and a net margin of 13.68%.The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. As a group, equities research analysts anticipate that A. O. Smith will post 3.76 earnings per share for the current fiscal year.

Insider Activity at A. O. Smith

In other news, Chairman Kevin J. Wheeler sold 22,200 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the completion of the sale, the chairman owned 100,647 shares in the company, valued at approximately $7,172,105.22. This represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.76% of the company's stock.

Institutional Trading of A. O. Smith

Several hedge funds and other institutional investors have recently made changes to their positions in AOS. Wedmont Private Capital purchased a new stake in shares of A. O. Smith during the 1st quarter valued at $208,000. CX Institutional purchased a new position in A. O. Smith in the 1st quarter worth $113,000. Simon Quick Advisors LLC raised its stake in A. O. Smith by 16.5% in the 1st quarter. Simon Quick Advisors LLC now owns 6,065 shares of the industrial products company's stock worth $396,000 after acquiring an additional 857 shares during the last quarter. RMR Wealth Builders raised its stake in A. O. Smith by 4.5% in the 1st quarter. RMR Wealth Builders now owns 4,898 shares of the industrial products company's stock worth $320,000 after acquiring an additional 209 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new position in A. O. Smith in the 1st quarter worth $1,934,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.

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