A.O. Smith Corp. (NYSE: AOS) is 7.53% higher on its value in year-to-date trading and has touched a low of $63.40 and a high of $89.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AOS stock was last observed hovering at around $88.55 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $88.65, the stock is 1.72% and 6.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 0.11% at the moment leaves the stock 17.36% off its SMA200. AOS registered 28.20% gain for a year compared to 6-month gain of 34.22%. The firm has a 50-day simple moving average (SMA 50) of $3.33 and a 200-day simple moving average (SMA200) of $15.56.
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The stock witnessed a 4.17% loss in the last 1 month and extending the period to 3 months gives it a 8.85%, and is 0.88% 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 1.13% over the week and 1.54% over the month.
A.O. Smith Corp. (AOS) has around 12000 employees, a market worth around $13.05B and $3.85B in sales. Current P/E ratio is 24.05 and Fwd P/E is 20.50. Profit margin for the company is 14.45%. Distance from 52-week low is 39.83% and -1.46% 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 $995.56M 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 3.00% in year-over-year returns.
912 institutions hold shares in A.O. Smith Corp. (AOS), with institutional investors hold 98.51% of the company’s shares. The shares outstanding are 121.63M, and float is at 119.28M with Short Float at 2.78%. Institutions hold 97.69% 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
The most recent transaction is an insider sale by Heideman Robert J, the company’s Senior VP, CTO. SEC filings show that Heideman Robert J sold 9,890 shares of the company’s common stock on Mar 05 ’24 at a price of $84.63 per share for a total of $0.84 million. Following the sale, the insider now owns 9455.0 shares.
A.O. Smith Corp. disclosed in a document filed with the SEC on Mar 04 ’24 that Rajendra Ajita G (Director) sold a total of 60,258 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $84.51 per share for $5.09 million. Following the transaction, the insider now directly holds 56951.0 shares of the AOS stock.
Still, SEC filings show that on Mar 01 ’24, Rajendra Ajita G (Director) disposed off 43,137 shares at an average price of $84.01 for $3.62 million. The insider now directly holds 56,951 shares of A.O. Smith Corp. (AOS).
