American Century Companies Inc. Grows Stock Position in A. O. Smith Corporation $AOS

Key Points

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American Century Companies Inc. lifted its holdings in A. O. Smith Corporation (NYSE:AOS - Free Report) by 998.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,348,247 shares of the industrial products company's stock after buying an additional 1,225,521 shares during the quarter. American Century Companies Inc. owned approximately 0.95% of A. O. Smith worth $88,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC increased its holdings in shares of A. O. Smith by 3.1% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,847 shares of the industrial products company's stock valued at $382,000 after acquiring an additional 176 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of A. O. Smith by 3.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,532 shares of the industrial products company's stock valued at $363,000 after acquiring an additional 177 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its holdings in shares of A. O. Smith by 1.2% in the 1st quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,607 shares of the industrial products company's stock valued at $1,020,000 after acquiring an additional 184 shares during the period. National Pension Service increased its holdings in shares of A. O. Smith by 74.8% in the 1st quarter. National Pension Service now owns 458 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 196 shares during the period. Finally, TCTC Holdings LLC increased its holdings in shares of A. O. Smith by 69.9% in the 1st quarter. TCTC Holdings LLC now owns 491 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 202 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of A. O. Smith 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 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.76% of the company's stock.

A. O. Smith Stock Down 0.2%

Shares of A. O. Smith stock traded down $0.1090 during trading on Thursday, reaching $71.7410. The company's stock had a trading volume of 723,333 shares, compared to its average volume of 1,543,476. The company has a 50-day simple moving average of $68.77 and a two-hundred day simple moving average of $66.92. A. O. Smith Corporation has a 1-year low of $58.83 and a 1-year high of $92.06. The company has a quick ratio of 1.03, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.58 and a beta of 1.22.

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

A. O. Smith Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on A. O. Smith from $78.00 to $81.00 and gave the company a "buy" rating in a report on Monday, July 21st. Robert W. Baird lifted their price target on A. O. Smith from $76.00 to $82.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group reiterated a "neutral" rating and issued a $76.00 price target (up from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. JPMorgan Chase & Co. initiated 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $77.43.

A. O. Smith Company 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.