Weiss Ratings Reaffirms "Hold (C)" Rating for A. O. Smith (NYSE:AOS)

A. O. Smith (NYSE:AOS - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup reduced their target price on A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird raised their target price on A. O. Smith from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on A. O. Smith in a report on Tuesday. They set a "neutral" rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.29.

A. O. Smith Trading Up 1.5%

Shares of AOS stock opened at $65.65 on Friday. The stock's fifty day moving average price is $65.96 and its two-hundred day moving average price is $66.78. The company has a market cap of $9.33 billion, a PE ratio of 18.34, a P/E/G ratio of 1.44 and a beta of 1.21. A. O. Smith has a fifty-two week low of $58.83 and a fifty-two week high of $92.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.61.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. The firm had revenue of $963.90 million for the quarter, compared to the consensus estimate of $950.56 million. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The company's revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. Equities analysts predict that A. O. Smith will post 3.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in A. O. Smith during the 1st quarter worth about $26,000. National Pension Service lifted its holdings in A. O. Smith by 74.8% during the 1st 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 period. TCTC Holdings LLC lifted its holdings in A. O. Smith by 69.9% during the 1st 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 period. Caitong International Asset Management Co. Ltd lifted its holdings in A. O. Smith by 161.7% during the 1st 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 period. Finally, Ransom Advisory Ltd acquired a new position in A. O. Smith during the 1st quarter worth about $48,000. 76.10% of the stock is owned by institutional investors and hedge funds.

About A. O. Smith

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.

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