A. O. Smith Co. (NYSE:AOS - Get Free Report)'s share price dropped 5.1% on Wednesday . The stock traded as low as $65.38 and last traded at $65.10. Approximately 969,873 shares were traded during trading, a decline of 18% from the average daily volume of 1,177,111 shares. The stock had previously closed at $68.57.
Analyst Ratings Changes
AOS has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. Citigroup cut their price target on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group cut their price target on shares of A. O. Smith from $80.00 to $74.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, May 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $76.17.
Read Our Latest Research Report on AOS
A. O. Smith Stock Down 0.7%
The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.46 and a beta of 1.28. The stock's fifty day moving average price is $65.74 and its 200-day moving average price is $68.04.
A. O. Smith (NYSE:AOS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. A. O. Smith had a net margin of 13.98% and a return on equity of 28.87%. The company had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. During the same period last year, the company earned $1.00 earnings per share. The firm's revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that A. O. Smith Co. will post 3.76 earnings per share for the current fiscal year.
A. O. Smith Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.12%. A. O. Smith's dividend payout ratio (DPR) is presently 37.99%.
Hedge Funds Weigh In On A. O. Smith
Institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith during the first quarter worth $26,000. National Pension Service increased its holdings in A. O. Smith by 74.8% during the first quarter. National Pension Service now owns 458 shares of the industrial products company's stock worth $30,000 after buying an additional 196 shares during the last quarter. TCTC Holdings LLC increased its holdings in A. O. Smith by 69.9% during the first quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company's stock worth $32,000 after buying an additional 202 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in A. O. Smith by 161.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 539 shares of the industrial products company's stock worth $35,000 after buying an additional 333 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in A. O. Smith during the first quarter worth $48,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.
About A. O. Smith
(
Get Free Report)
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.
Further Reading
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