A. O. Smith (NYSE:AOS) Stock Rating Upgraded by Zacks Research

A. O. Smith (NYSE:AOS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on AOS. The Goldman Sachs Group decreased their price objective on A. O. Smith from $69.00 to $61.00 and set a “sell” rating for the company in a report on Monday, April 13th. Stifel Nicolaus reduced their price target on A. O. Smith from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $60.00 price target (down from $65.00) on shares of A. O. Smith in a research note on Friday, May 15th. Robert W. Baird set a $70.00 price objective on shares of A. O. Smith in a report on Friday, May 1st. Finally, Oppenheimer set a $75.00 price objective on shares of A. O. Smith and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, A. O. Smith has a consensus rating of “Hold” and an average price target of $67.75.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $63.62 on Monday. The company has a fifty day moving average price of $60.36 and a 200 day moving average price of $64.92. The firm has a market cap of $8.65 billion, a PE ratio of 17.67, a PEG ratio of 1.39 and a beta of 1.17. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. A. O. Smith has a 1-year low of $54.16 and a 1-year high of $81.86.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $994.89 million. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Research analysts predict that A. O. Smith will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AOS. Assenagon Asset Management S.A. boosted its holdings in shares of A. O. Smith by 5,521.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 489,264 shares of the industrial products company’s stock valued at $30,687,000 after buying an additional 480,561 shares during the last quarter. ProShare Advisors LLC increased its holdings in A. O. Smith by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 2,344,631 shares of the industrial products company’s stock worth $156,809,000 after buying an additional 60,260 shares during the last quarter. ING Groep NV acquired a new position in A. O. Smith during the fourth quarter worth $980,000. Nomura Asset Management Co. Ltd. raised its position in A. O. Smith by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,179,709 shares of the industrial products company’s stock worth $78,899,000 after acquiring an additional 43,320 shares in the last quarter. Finally, CWM LLC raised its position in A. O. Smith by 116.3% during the fourth quarter. CWM LLC now owns 34,146 shares of the industrial products company’s stock worth $2,284,000 after acquiring an additional 18,362 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Company Profile

A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.

The company operates through two primary segments: North America and Asia.