A. O. Smith (NYSE:AOS) Stock Rating Lowered by Longbow Research

Key Points

• Longbow Research downgraded A. O. Smith from “buy” to “neutral,” while the broader analyst consensus is “Reduce” with an average price target of $66.38.
• A. O. Smith reported quarterly EPS of $1.03, beating estimates of $0.96, but revenue declined 0.7% year over year to about $1 billion.
• Institutional investors remain heavily invested, owning 76.1% of the company’s stock, with several hedge funds recently increasing or initiating positions.

A. O. Smith (NYSE:AOS - Get Free Report) was downgraded by equities research analysts at Longbow Research from a "buy" rating to a "neutral" rating in a research note issued to investors on Monday, Briefing.com reports.

A number of other brokerages also recently weighed in on AOS. Stifel Nicolaus set a $59.00 price target on A. O. Smith and gave the stock a "hold" rating in a research report on Sunday. Citigroup dropped their price objective on A. O. Smith from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Zacks Research raised A. O. Smith from a "strong sell" rating to a "hold" rating in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of A. O. Smith in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $66.38.

A. O. Smith Stock Performance

Shares of AOS stock opened at $59.18 on Monday. The stock has a market cap of $8.04 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 1.04. The company has a fifty day moving average price of $59.16 and a two-hundred day moving average price of $60.24. A. O. Smith has a one year low of $54.16 and a one year high of $81.86.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $994.89 million. A. O. Smith had a net margin of 13.15% and a return on equity of 27.88%. A. O. Smith's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. As a group, equities analysts predict that A. O. Smith will post 3.74 EPS for the current year.

Institutional Trading of A. O. Smith

A number of hedge funds have recently modified their holdings of AOS. Assenagon Asset Management S.A. grew its stake in shares of A. O. Smith by 5,521.8% in the second quarter. Assenagon Asset Management S.A. now owns 489,264 shares of the industrial products company's stock valued at $30,687,000 after acquiring an additional 480,561 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in A. O. Smith during the second quarter worth about $14,082,000. Y Intercept Hong Kong Ltd increased its position in A. O. Smith by 3,618.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 117,380 shares of the industrial products company's stock worth $7,740,000 after acquiring an additional 114,223 shares during the period. Bank of New York Mellon Corp raised its stake in A. O. Smith by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,425,759 shares of the industrial products company's stock worth $94,014,000 after purchasing an additional 42,702 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new stake in A. O. Smith in the 2nd quarter worth about $92,005,000. Institutional investors and hedge funds own 76.10% of the company's stock.

A. O. Smith Company Profile

A. O. Smith Corporation NYSE: AOS is a manufacturer of water heating and water treatment products for residential, commercial, and industrial applications. The company's product portfolio includes electric and gas water heaters, boilers, storage tanks, heat pump water heaters, and related equipment and controls.

The company also provides water treatment solutions, including water softeners, filtration systems, and other products designed to improve water quality. Its products are marketed under the A.

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