Investors Buy High Volume of A. O. Smith Put Options (AOS)
A. O. Smith Corp (NYSE:AOS) saw some unusual options trading on Monday. Stock traders bought 563 put options on the company. This represents an increase of approximately 1,004% compared to the typical volume of 51 put options.
In other news, Director Paul W. Jones sold 4,591 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total value of $270,501.72. Following the completion of the transaction, the director now owns 214,558 shares in the company, valued at approximately $12,641,757.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.28% of the company’s stock.
Large investors have recently made changes to their positions in the business. Fort L.P. bought a new stake in shares of A. O. Smith in the 2nd quarter worth $116,000. Signet Financial Management LLC bought a new stake in shares of A. O. Smith in the 2nd quarter worth $119,000. Captrust Financial Advisors increased its holdings in shares of A. O. Smith by 83.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,031 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of A. O. Smith in the 2nd quarter worth $142,000. Finally, Federated Investors Inc. PA bought a new stake in shares of A. O. Smith in the 2nd quarter worth $145,000. Institutional investors and hedge funds own 74.99% of the company’s stock.
Shares of NYSE:AOS opened at $58.12 on Tuesday. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.90 and a beta of 1.44. A. O. Smith has a 12-month low of $56.30 and a 12-month high of $68.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.15 and a quick ratio of 1.77.
A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The business had revenue of $833.30 million during the quarter, compared to analysts’ expectations of $811.72 million. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. research analysts anticipate that A. O. Smith will post 2.61 EPS for the current year.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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