A. O. Smith (NYSE:AOS) Earns “Hold (C+)” Rating from Weiss Ratings

A. O. Smith (NYSE:AOS)‘s stock had its “hold (c+)” rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

A number of other research analysts have also recently commented on AOS. Wall Street Zen upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. UBS Group reaffirmed a “neutral” rating and issued a $76.00 price target (up previously from $74.00) on shares of A. O. Smith in a research note on Monday, July 28th. Robert W. Baird increased their price target on A. O. Smith from $76.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Oppenheimer raised their price objective on A. O. Smith from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of A. O. Smith in a research report on Tuesday, June 24th. They issued a “neutral” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and an average price target of $77.43.

A. O. Smith Trading Up 1.0%

Shares of AOS opened at $73.32 on Friday. A. O. Smith has a 12-month low of $58.83 and a 12-month high of $92.06. The firm has a market capitalization of $10.27 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.58 and a beta of 1.25. The firm has a 50-day moving average price of $71.36 and a 200 day moving average price of $67.72. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, July 24th. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.89 million. A. O. Smith had a net margin of 13.68% and a return on equity of 28.42%. A. O. Smith’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.900 EPS. Sell-side analysts forecast that A. O. Smith will post 3.76 EPS for the current year.

Insiders Place Their Bets

In other A. O. Smith news, Chairman Kevin J. Wheeler sold 22,200 shares of the business’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $71.26, for a total transaction of $1,581,972.00. Following the sale, the chairman directly owned 100,647 shares in the company, valued at $7,172,105.22. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in A. O. Smith by 21.0% during the 2nd quarter. Osaic Holdings Inc. now owns 33,395 shares of the industrial products company’s stock worth $2,190,000 after buying an additional 5,800 shares during the period. Advisory Services Network LLC grew its stake in shares of A. O. Smith by 4.0% in the second quarter. Advisory Services Network LLC now owns 27,895 shares of the industrial products company’s stock worth $1,975,000 after acquiring an additional 1,069 shares in the last quarter. State of Wyoming purchased a new stake in shares of A. O. Smith during the second quarter worth $447,000. Nomura Holdings Inc. increased its position in shares of A. O. Smith by 29.6% during the second quarter. Nomura Holdings Inc. now owns 29,341 shares of the industrial products company’s stock worth $1,924,000 after acquiring an additional 6,707 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of A. O. Smith by 50.9% in the second quarter. Public Sector Pension Investment Board now owns 23,889 shares of the industrial products company’s stock valued at $1,566,000 after acquiring an additional 8,056 shares in the last quarter. 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.