Aigen Investment Management LP Has $228,000 Stock Position in A. O. Smith Corporation $AOS

Key Points

• Aigen Investment Management LP sold 21,953 shares of A. O. Smith Corporation, reducing its stake by 86.3%, leaving them with 3,490 shares valued at $228,000.
• Analysts have issued varied ratings, with UBS maintaining a "neutral" rating and price targets ranging from $70 to $88, while the average stock rating is "Hold" with a target price of $77.43.
• A. O. Smith recently declared a quarterly dividend of $0.34, resulting in an annualized yield of 1.9%, with a payout ratio currently at 37.88%.

Aigen Investment Management LP lowered its stake in shares of A. O. Smith Corporation (NYSE:AOS - Free Report) by 86.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,490 shares of the industrial products company's stock after selling 21,953 shares during the quarter. Aigen Investment Management LP's holdings in A. O. Smith were worth $228,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its position 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 purchasing an additional 202 shares during the period. Intact Investment Management Inc. bought a new stake in shares of A. O. Smith in the first quarter valued at approximately $72,000. Private Trust Co. NA boosted its position in shares of A. O. Smith by 22.1% in the first quarter. Private Trust Co. NA now owns 1,181 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 214 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of A. O. Smith in the fourth quarter valued at approximately $84,000. Finally, South Dakota Investment Council bought a new stake in shares of A. O. Smith in the first quarter valued at approximately $92,000. Institutional investors own 76.10% of the company's stock.

A. O. Smith Price Performance

Shares of AOS stock traded up $0.9440 during trading hours on Tuesday, hitting $73.0940. The company had a trading volume of 159,153 shares, compared to its average volume of 1,549,156. A. O. Smith Corporation has a 12 month low of $58.83 and a 12 month high of $92.06. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.57 and a beta of 1.22. The firm's fifty day moving average is $68.50 and its 200 day moving average is $66.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.65.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations 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 was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. On average, sell-side analysts predict that A. O. Smith Corporation will post 3.76 EPS for the current fiscal year.

A. O. Smith Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 31st. A. O. Smith's payout ratio is currently 37.88%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AOS. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (up from $74.00) on shares of A. O. Smith in a research report on Monday, July 28th. JPMorgan Chase & Co. began coverage on A. O. Smith in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $70.00 price objective for the company. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Thursday, August 14th. 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 research report on Friday, July 25th. Finally, Oppenheimer increased their price objective on A. O. Smith from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $77.43.

Insider Activity

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the business's stock in a transaction dated 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 directly owned 100,647 shares of the company's stock, valued at approximately $7,172,105.22. The trade was a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is owned by corporate insiders.

A. O. Smith Profile

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.