A. O. Smith (NYSE:AOS) Given “Neutral” Rating at DA Davidson

A. O. Smith (NYSE:AOS)‘s stock had its “neutral” rating reiterated by equities researchers at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $75.00 target price on the industrial products company’s stock. DA Davidson’s price objective would suggest a potential upside of 12.39% from the stock’s previous close.

A number of other brokerages have also weighed in on AOS. Citigroup reduced their price objective on shares of A. O. Smith from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A. O. Smith in a research report on Wednesday, October 8th. Oppenheimer boosted their price target on shares of A. O. Smith from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price objective (up previously from $74.00) on shares of A. O. Smith in a report on Monday, July 28th. Finally, Stifel Nicolaus set a $80.00 target price on A. O. Smith and gave the company a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.71.

A. O. Smith Trading Up 0.5%

Shares of AOS stock traded up $0.36 during trading hours on Thursday, hitting $66.73. The company had a trading volume of 366,204 shares, compared to its average volume of 1,428,567. A. O. Smith has a fifty-two week low of $58.83 and a fifty-two week high of $77.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.54 and a quick ratio of 1.03. The company’s fifty day moving average is $70.18 and its 200 day moving average is $69.06. The stock has a market capitalization of $9.29 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The company had revenue of $942.50 million during the quarter, compared to analysts’ expectations of $946.33 million. A. O. Smith had a return on equity of 29.34% and a net margin of 13.85%.A. O. Smith’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. A. O. Smith has set its FY 2025 guidance at 3.700-3.850 EPS. Research analysts expect that A. O. Smith will post 3.76 earnings per share for the current fiscal year.

Institutional Trading of A. O. Smith

A number of institutional investors have recently bought and sold shares of AOS. Oppenheimer Asset Management Inc. purchased a new stake in A. O. Smith during the second quarter valued at about $1,045,000. Sequoia Financial Advisors LLC bought a new stake in shares of A. O. Smith in the 2nd quarter worth about $386,000. Teacher Retirement System of Texas raised its position in shares of A. O. Smith by 64.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 28,832 shares of the industrial products company’s stock valued at $1,891,000 after acquiring an additional 11,294 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in A. O. Smith by 7.0% in the first quarter. Public Sector Pension Investment Board now owns 15,833 shares of the industrial products company’s stock valued at $1,035,000 after buying an additional 1,036 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of A. O. Smith during the first quarter worth approximately $253,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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.