AlphaCrest Capital Management LLC cut its holdings in shares of A. O. Smith Co. (NYSE:AOS – Get Rating) by 68.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,888 shares of the industrial products company’s stock after selling 27,729 shares during the period. AlphaCrest Capital Management LLC’s holdings in A. O. Smith were worth $1,106,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Paragon Capital Management Ltd acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $30,000. WASHINGTON TRUST Co lifted its position in shares of A. O. Smith by 60.4% in the 4th quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 169 shares during the period. National Bank of Canada FI acquired a new position in shares of A. O. Smith in the 4th quarter worth approximately $49,000. Eagle Bay Advisors LLC lifted its position in shares of A. O. Smith by 1,737.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 882 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 834 shares during the period. Finally, Signaturefd LLC lifted its position in shares of A. O. Smith by 73.9% in the 4th quarter. Signaturefd LLC now owns 960 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 76.55% of the company’s stock.
AOS has been the topic of a number of research reports. William Blair downgraded shares of A. O. Smith from an “outperform” rating to a “market perform” rating in a research report on Sunday, May 1st. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Robert W. Baird dropped their target price on shares of A. O. Smith from $79.00 to $72.00 in a research report on Friday, April 29th. Finally, Stifel Nicolaus dropped their target price on shares of A. O. Smith from $80.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.40.
NYSE AOS opened at $60.01 on Friday. A. O. Smith Co. has a 1 year low of $57.05 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.72 and a quick ratio of 1.23. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.80 and a beta of 1.16. The company has a fifty day moving average price of $64.11 and a 200-day moving average price of $73.25.
A. O. Smith (NYSE:AOS – Get Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The firm had revenue of $977.70 million during the quarter, compared to analyst estimates of $967.05 million. A. O. Smith had a net margin of 13.59% and a return on equity of 27.82%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. On average, research analysts anticipate that A. O. Smith Co. will post 3.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, April 28th. A. O. Smith’s dividend payout ratio (DPR) is currently 35.22%.
A. O. Smith Company Profile (Get Rating)
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.
- Get a free copy of the StockNews.com research report on A. O. Smith (AOS)
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