DA Davidson Estimates A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS - Free Report) - Research analysts at DA Davidson issued their FY2024 EPS estimates for shares of A. O. Smith in a note issued to investors on Thursday, October 24th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings per share of $3.77 for the year. DA Davidson currently has a "Neutral" rating and a $80.00 price objective on the stock. The consensus estimate for A. O. Smith's current full-year earnings is $3.78 per share.

A. O. Smith (NYSE:AOS - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting analysts' consensus estimates of $0.82. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same quarter last year, the firm earned $0.90 EPS.

A number of other brokerages have also recently issued reports on AOS. Stifel Nicolaus decreased their target price on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. StockNews.com downgraded shares of A. O. Smith from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Robert W. Baird decreased their price target on shares of A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $86.71.

A. O. Smith Stock Up 0.2 %

Shares of NYSE:AOS traded up $0.13 on Monday, reaching $77.00. The company had a trading volume of 710,144 shares, compared to its average volume of 963,099. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $11.23 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.26 and a beta of 1.15. The stock has a 50-day moving average price of $82.48 and a 200 day moving average price of $83.33. A. O. Smith has a twelve month low of $67.96 and a twelve month high of $92.44.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.34 per share. This is an increase from A. O. Smith's previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. A. O. Smith's payout ratio is presently 33.68%.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares of the company's stock, valued at $194,319. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A. O. Smith

A number of hedge funds have recently made changes to their positions in AOS. University of Texas Texas AM Investment Management Co. bought a new stake in A. O. Smith in the second quarter valued at about $25,000. Isthmus Partners LLC acquired a new position in shares of A. O. Smith in the 2nd quarter worth approximately $27,000. Quarry LP lifted its position in shares of A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company's stock worth $29,000 after buying an additional 245 shares during the period. Waldron Private Wealth LLC acquired a new stake in A. O. Smith in the 3rd quarter valued at $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in A. O. Smith in the third quarter valued at $37,000. Institutional investors and hedge funds own 76.10% of the company's stock.

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.