A.O. Smith Corp. (AOS) – Don’t Believe the Hype: Check The Facts

A.O. Smith Corp. (NYSE: AOS) is -2.66% lower on its value in year-to-date trading and has touched a low of $63.40 and a high of $82.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AOS stock was last observed hovering at around $79.84 in the last trading session, with the day’s gains setting it 0.41%.

Currently trading at $80.25, the stock is 0.08% and 0.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 0.51% at the moment leaves the stock 10.63% off its SMA200. AOS registered 20.44% gain for a year compared to 6-month gain of 10.25%. The firm has a 50-day simple moving average (SMA 50) of $3.04 and a 200-day simple moving average (SMA200) of $14.23.

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The stock witnessed a 0.51% loss in the last 1 month and extending the period to 3 months gives it a 13.59%, and is 0.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 1.86% over the month.

A.O. Smith Corp. (AOS) has around 12000 employees, a market worth around $11.93B and $3.85B in sales. Current P/E ratio is 21.77 and Fwd P/E is 18.56. Profit margin for the company is 14.45%. Distance from 52-week low is 26.58% and -3.04% from its 52-week high. The company has generated returns on investments over the last 12 months (27.98%).

A.O. Smith Corp. quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $994.88M over the same period.The EPS is expected to grow by 6.43% this year, but quarterly earnings will post 4.10% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.

891 institutions hold shares in A.O. Smith Corp. (AOS), with institutional investors hold 97.47% of the company’s shares. The shares outstanding are 125.27M, and float is at 120.71M with Short Float at 1.88%. Institutions hold 96.70% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 14.46 million shares valued at $1.05 billion. The investor’s holdings represent 55.82% of the AOS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.05 million shares valued at $658.73 million to account for 34.95% of the shares outstanding. The other top investors are State Street Corporation which holds 7.66 million shares representing 29.58% and valued at over $557.56 million, while Impax Asset Management Group Plc holds 15.50% of the shares totaling 4.01 million with a market value of $292.09 million.

A.O. Smith Corp. (AOS) Insider Activity

A total of 20 insider transactions have happened at A.O. Smith Corp. (AOS) in the last six months, with sales accounting for 13 and purchases happening 7 times. The most recent transaction is an insider sale by WOLF IDELLE K, the company’s Director. SEC filings show that WOLF IDELLE K sold 814 shares of the company’s common stock on Feb 07 at a price of $80.00 per share for a total of $65120.0. Following the sale, the insider now owns 46140.0 shares.

A.O. Smith Corp. disclosed in a document filed with the SEC on Nov 22 that SMITH MARK D (Director) sold a total of 2,700 shares of the company’s common stock. The trade occurred on Nov 22 and was made at $76.01 per share for $0.21 million. Following the transaction, the insider now directly holds 0.11 million shares of the AOS stock.

Still, SEC filings show that on Nov 17, WOLF IDELLE K (Director) disposed off 1,000 shares at an average price of $76.16 for $76156.0. The insider now directly holds 47,954 shares of A.O. Smith Corp. (AOS).

A.O. Smith Corp. (AOS): Who are the competitors?

Carrier Global Corp. (CARR) lies in the list of competitors of the A.O. Smith Corp. and is 22.82% higher over the same period from AOSTrane Technologies PLC (TT) is 47.40% up on the 1-year trading charts.