The stock of A. O. Smith Corp (NYSE:AOS) hit a new 52-week high and has $138.08 target or 39.00% above today’s $99.34 share price. The 6 months bullish chart indicates low risk for the $8.74 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $138.08 price target is reached, the company will be worth $3.41 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 235,460 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 40.37% since February 29, 2016 and is uptrending. It has outperformed by 28.15% the S&P500.
Analysts await A. O. Smith Corp (NYSE:AOS) to report earnings on October, 19. They expect $0.90 earnings per share, up 9.76% or $0.08 from last year’s $0.82 per share. AOS’s profit will be $79.18 million for 27.59 P/E if the $0.90 EPS becomes a reality. After $0.98 actual earnings per share reported by A. O. Smith Corp for the previous quarter, Wall Street now forecasts -8.16% negative EPS growth.
A. O. Smith Corp (NYSE:AOS) Ratings Coverage
Out of 10 analysts covering AO Smith Corp (NYSE:AOS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. AO Smith Corp has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. On Thursday, July 14 the stock rating was maintained by SunTrust with “Buy”. The stock of A. O. Smith Corp (NYSE:AOS) has “Neutral” rating given on Friday, June 17 by Longbow. SunTrust initiated A. O. Smith Corp (NYSE:AOS) on Tuesday, November 3 with “Buy” rating. The stock of A. O. Smith Corp (NYSE:AOS) has “Buy” rating given on Tuesday, March 8 by Northland Capital. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, April 8. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. As per Wednesday, September 23, the company rating was initiated by BB&T Capital. Maxim Group downgraded the stock to “Hold” rating in Friday, January 8 report. Jefferies maintained the stock with “Buy” rating in Friday, September 23 report. As per Friday, September 11, the company rating was initiated by William Blair.
According to Zacks Investment Research, “A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world’s leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America’s largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.”
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.06, from 1.07 in 2016Q1. The ratio is positive, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.
The Georgia-based Voya Investment Mgmt Limited Liability Co has invested 0.01% in A. O. Smith Corp (NYSE:AOS). Garrison Bradford Assocs Incorporated accumulated 2.94% or 34,010 shares. Ontario Teachers Pension Plan Board has 57,800 shares for 0.06% of their US portfolio. Bokf Na accumulated 4,217 shares or 0.01% of the stock. Swarthmore Inc reported 153,150 shares or 2.29% of all its holdings. United Svcs Automobile Association owns 11,220 shares or 0% of their US portfolio. Neuberger Berman Grp Incorporated Limited Co, a New York-based fund reported 1.25 million shares. Fayez Sarofim & owns 4,500 shares or 0% of their US portfolio. Louisiana State Employees Retirement Sys accumulated 0.09% or 19,800 shares. Peak6 Investments Lp holds 7,745 shares or 0.01% of its portfolio. State Street, a Massachusetts-based fund reported 3.87 million shares. The California-based California Pub Employees Retirement Systems has invested 0.04% in A. O. Smith Corp (NYSE:AOS). Holland Capital Mngmt Limited Liability Company holds 0.1% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 30,264 shares. The Georgia-based Synovus Corp has invested 0.01% in A. O. Smith Corp (NYSE:AOS). Mutual Of America Capital Mngmt Limited Liability Co, a New York-based fund reported 60,147 shares.
Insider Transactions: Since April 29, 2016, the stock had 0 buys, and 12 sales for $12.42 million net activity. On Monday, May 16 the insider JONES PAUL W sold $6.33M. 1,146 shares were sold by SMITH MARK D, worth $107,449 on Thursday, July 28. 3,800 shares were sold by Martineau Peter R, worth $315,775 on Friday, May 27. $1.65 million worth of A. O. Smith Corp (NYSE:AOS) shares were sold by Rajendra Ajita G. $89,559 worth of A. O. Smith Corp (NYSE:AOS) was sold by Lauber Charles T on Tuesday, May 24. Ding Wei sold $639,516 worth of A. O. Smith Corp (NYSE:AOS) on Monday, May 2. $322,751 worth of A. O. Smith Corp (NYSE:AOS) was sold by BROWN RONALD D.
More important recent A. O. Smith Corp (NYSE:AOS) news were published by: Prnewswire.com which released: “A. O. Smith announces two-for-one stock split” on September 07, 2016, also Jsonline.com published article titled: “Marquette, AO Smith collaborate on water technology study”, Pehub.com published: “L Catterton to sell Aquasana to AO Smith Corp” on August 08, 2016. More interesting news about A. O. Smith Corp (NYSE:AOS) was released by: Jsonline.com and their article: “Jagler: Self-disruption propels AO Smith” with publication date: September 17, 2016.
AOS Company Profile
A. O. Smith Corporation, incorporated on July 09, 1986, operates its business through two divisions, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. Both divisions manufacture and market a range of residential and commercial gas, gas tankless and electric water heaters. Both divisions primarily manufacture and market in their respective regions of the world. The Company’s North America segment also makes and markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also makes and markets water treatment products. The Firm also markets in-home air purification products in China.
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