A. O. Smith Co. (NYSE:AOS - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as $65.29 and last traded at $65.16, with a volume of 60637 shares changing hands. The stock had previously closed at $65.66.
Wall Street Analysts Forecast Growth
AOS has been the subject of several research reports. Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. DA Davidson downgraded shares of A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price for the company. in a research report on Wednesday, October 23rd. UBS Group lowered their price target on A. O. Smith from $80.00 to $74.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A. O. Smith in a research note on Saturday, February 1st. Finally, Robert W. Baird decreased their target price on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $80.86.
Get Our Latest Stock Analysis on A. O. Smith
A. O. Smith Stock Performance
The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $9.45 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.45 and a beta of 1.17. The stock has a 50 day simple moving average of $69.85 and a two-hundred day simple moving average of $76.54.
A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). A. O. Smith had a return on equity of 28.87% and a net margin of 13.98%. On average, equities analysts forecast that A. O. Smith Co. will post 3.77 EPS for the current fiscal year.
A. O. Smith Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, January 31st. A. O. Smith's dividend payout ratio is currently 37.47%.
Hedge Funds Weigh In On A. O. Smith
Hedge funds have recently made changes to their positions in the stock. Truist Financial Corp lifted its stake in A. O. Smith by 1.4% in the second quarter. Truist Financial Corp now owns 13,844 shares of the industrial products company's stock worth $1,132,000 after acquiring an additional 193 shares during the period. Cetera Investment Advisers grew its position in shares of A. O. Smith by 2.6% during the second quarter. Cetera Investment Advisers now owns 25,904 shares of the industrial products company's stock valued at $2,119,000 after purchasing an additional 649 shares in the last quarter. Czech National Bank lifted its holdings in shares of A. O. Smith by 6.2% in the 3rd quarter. Czech National Bank now owns 24,436 shares of the industrial products company's stock valued at $2,195,000 after acquiring an additional 1,419 shares during the last quarter. UMB Bank n.a. grew its holdings in A. O. Smith by 12.5% during the 3rd quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 136 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of A. O. Smith by 30.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,400 shares of the industrial products company's stock worth $1,563,000 after purchasing an additional 4,100 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
A. O. Smith Company Profile
(
Get Free Report)
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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