A. O. Smith (NYSE:AOS) Stock Gets Downgrade from Longbow Research

A. O. Smith (NYSE:AOS) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat.com reports.

A number of other analysts have also weighed in on the stock. Citigroup lowered their price target on shares of A. O. Smith from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Stifel Nicolaus set a $59.00 price objective on A. O. Smith and gave the stock a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of A. O. Smith in a research report on Monday, August 24th. Finally, Zacks Research raised A. O. Smith from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $66.38.

A. O. Smith Trading Up 1.4%

NYSE:AOS opened at $59.53 on Monday. A. O. Smith has a 12 month low of $54.16 and a 12 month high of $81.86. The company’s 50 day moving average is $59.00 and its 200-day moving average is $60.15. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.31 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.

A. O. Smith (NYSE:AOS) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. A. O. Smith had a return on equity of 27.88% and a net margin of 13.15%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $994.89 million. During the same period last year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. A. O. Smith has set its FY 2026 guidance at 3.700-3.850 EPS. Equities analysts anticipate that A. O. Smith will post 3.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AOS. First Trust Advisors LP lifted its position in shares of A. O. Smith by 10.4% during the 1st quarter. First Trust Advisors LP now owns 2,168,894 shares of the industrial products company’s stock valued at $143,017,000 after acquiring an additional 203,846 shares during the period. Dimensional Fund Advisors LP boosted its position in A. O. Smith by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,959,696 shares of the industrial products company’s stock worth $129,202,000 after purchasing an additional 64,873 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in A. O. Smith by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 1,425,759 shares of the industrial products company’s stock valued at $94,014,000 after acquiring an additional 42,702 shares during the last quarter. Madison Asset Management LLC bought a new position in shares of A. O. Smith during the 2nd quarter worth $92,005,000. Finally, Sei Investments Co. boosted its holdings in A. O. Smith by 0.4% in the 1st quarter. Sei Investments Co. now owns 1,346,863 shares of the industrial products company’s stock worth $88,812,000 after buying an additional 5,175 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Company Profile

A. O. Smith Corporation is a manufacturer of water heating and water treatment products for residential, commercial and industrial customers. Its portfolio includes gas and electric storage water heaters, tankless water heaters, boilers, heat pump water heaters, water filtration systems, water softeners and reverse-osmosis products.

The company markets products under the A. O. Smith brand and other regional brands, serving applications ranging from homes and apartments to hotels, hospitals, schools, manufacturing facilities and other commercial properties.