A. O. Smith (NYSE:AOS) Stock Rating Reaffirmed by Oppenheimer

A. O. Smith (NYSE:AOS)‘s stock had its “market perform” rating reissued by Oppenheimer in a research note issued on Thursday, Benzinga reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus raised their price target on A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday. StockNews.com downgraded A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Citigroup raised their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group raised their price target on A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.50.

A. O. Smith Stock Down 0.7 %

Shares of A. O. Smith stock opened at $86.07 on Thursday. The stock has a 50-day moving average price of $85.22 and a 200 day moving average price of $79.19. The company has a market cap of $12.67 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.35 and a beta of 1.25. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. A. O. Smith has a 1 year low of $63.88 and a 1 year high of $89.96.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $988.10 million during the quarter, compared to the consensus estimate of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. As a group, analysts expect that A. O. Smith will post 4.09 EPS for the current fiscal year.

Insider Activity at A. O. Smith

In related news, Director Ajita G. Rajendra sold 24,669 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total value of $2,048,020.38. Following the transaction, the director now directly owns 56,951 shares of the company’s stock, valued at approximately $4,728,072.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total value of $2,048,020.38. Following the sale, the director now owns 56,951 shares of the company’s stock, valued at approximately $4,728,072.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ajita G. Rajendra sold 60,258 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $84.51, for a total value of $5,092,403.58. Following the completion of the sale, the director now directly owns 56,951 shares in the company, valued at approximately $4,812,929.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,631 shares of company stock valued at $8,042,535. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of A. O. Smith

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Artemis Wealth Advisors LLC acquired a new stake in A. O. Smith in the 3rd quarter valued at approximately $37,000. FinTrust Capital Advisors LLC grew its holdings in shares of A. O. Smith by 628.0% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 515 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of A. O. Smith by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 189 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of A. O. Smith by 393.1% during the 3rd quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 684 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of A. O. Smith during the 2nd quarter worth approximately $66,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.