Published On: Tue, Sep 13th, 2016

A.O. Smith Corp. (AOS) Sees Unusually-High Trading Volume

A.O. Smith Corp. (NYSE:AOS) shares saw unusually-strong trading volume on Monday . Approximately 461,439 shares changed hands during trading, an increase of 1% from the previous session’s volume of 455,247 shares.The stock last traded at $92.13 and had previously closed at $91.08.
Several analysts recently issued reports on AOS shares. Sterne Agee CRT reiterated a “buy” rating on shares of A.O. Smith Corp. in a research report on Monday, May 16th. SunTrust Banks Inc. reduced their price target on shares of A.O. Smith Corp. from $103.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. BMO Capital Markets set a $106.00 price target on shares of A.O. Smith Corp. and gave the stock a “buy” rating in a research report on Monday, August 8th. Longbow Research started coverage on shares of A.O. Smith Corp. in a research report on Friday, June 17th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of A.O. Smith Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $88.71.
The firm has a market capitalization of $8.11 billion, a PE ratio of 26.34 and a beta of 1.49. The stock’s 50-day moving average is $94.27 and its 200-day moving average is $83.62. A.O. Smith Corp. shares are set to split before the market opens on Thursday, October 6th. The 2-1 split was announced on Wednesday, September 7th. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, October 5th.

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A.O. Smith Corp. (NYSE:AOS) last posted its earnings results on Tuesday, July 26th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.08. The business had revenue of $667 million for the quarter, compared to analyst estimates of $696.69 million. A.O. Smith Corp. had a net margin of 12.23% and a return on equity of 21.57%. A.O. Smith Corp.’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, analysts forecast that A.O. Smith Corp. will post $3.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Friday, July 29th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, July 27th. A.O. Smith Corp.’s dividend payout ratio (DPR) is presently 27.20%.
In related news, Director Mark D. Smith sold 1,146 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $93.76, for a total transaction of $107,448.96. Following the sale, the director now owns 54,850 shares of the company’s stock, valued at approximately $5,142,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilfridus M. Brouwer sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $93.29, for a total transaction of $578,398.00. Following the sale, the insider now directly owns 19,449 shares in the company, valued at approximately $1,814,397.21. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
A.O. Smith Corp. Company Profile
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

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