Lionshead Wealth Management LLC Invests $692,000 in A. O. Smith Co. (NYSE:AOS)

Lionshead Wealth Management LLC acquired a new position in A. O. Smith Co. (NYSE:AOS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,143 shares of the industrial products company's stock, valued at approximately $692,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $66,000. Canada Post Corp Registered Pension Plan bought a new position in shares of A. O. Smith in the fourth quarter valued at $84,000. Signaturefd LLC boosted its position in shares of A. O. Smith by 40.0% in the 4th quarter. Signaturefd LLC now owns 1,299 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 371 shares during the period. Kieckhefer Group LLC acquired a new position in shares of A. O. Smith in the fourth quarter worth about $123,000. Finally, Headlands Technologies LLC purchased a new stake in shares of A. O. Smith in the 4th quarter valued at approximately $201,000. Institutional investors own 76.10% of the company's stock.

A. O. Smith Stock Up 1.6%

Shares of AOS traded up $1.07 during mid-day trading on Thursday, hitting $69.42. 1,467,997 shares of the company's stock were exchanged, compared to its average volume of 1,157,021. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.46 and a beta of 1.28. The firm has a fifty day moving average of $65.62 and a two-hundred day moving average of $68.70. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. A. O. Smith Co. has a twelve month low of $58.83 and a twelve month high of $92.45.

A. O. Smith (NYSE:AOS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. During the same period in the prior year, the business posted $1.00 earnings per share. The business's quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that A. O. Smith Co. 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 will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, April 30th. A. O. Smith's dividend payout ratio is 37.99%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research report on Saturday, May 10th. Stifel Nicolaus increased their price target on shares of A. O. Smith from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird upped their price objective on shares of A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Citigroup decreased their target price on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer lowered their price target on shares of A. O. Smith from $88.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $76.17.

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.