The Vanguard Group, Inc. recently announced the acquisition of new stake in A. O. Smith Corporation (NYSE:AOS). The institutional investor has increased its shareholding in the Industrials company by 0.22% to 15.68 million shares with purchase of 33802.0 shares. This fresh investment now brings its stake to 11.61% valued currently at $738.72 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.46 million to 9.73 million shares. And Brown Brothers Harriman & Co. (In… has lifted its position by 12.70% or 0.86 million shares – to 7.66 million shares.
With over 0.93 million A. O. Smith Corporation (AOS) shares trading Friday and a closing price of $51.31 on the day, the dollar volume was approximately $47.67 million. The shares have shown a positive weekly performance of 1.54% and its price on 07/24/20 gained nearly 0.21%. Currently, there are 161.87M common shares owned by the public and among those 133.78M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for AOS have a consensus price objective of $48.38. The analysts have set the share’s price value over the next 12 months at a high of $54.00 and a low of $34.00 should the stock experience a downside. Incidentally, analysts’ outlook for the A. O. Smith Corporation stock is 2.60 for the next 12 months. The average price target is -10.75% below its last price level and a downside to the estimated low will see the stock lose -50.91% over that period. But an upside of 4.98% will see the stock hit the forecast high price target while mean target price for the stock is $50.00.
Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 282,605 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 237,567 shares.
The top 3 mutual fund holders in A. O. Smith Corporation are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and Mackenzie US Mid Cap Growth Class. Vanguard Total Stock Market Index owns 3.86 million shares of the company’s stock, all valued at over $181.85 million. The company sold -0.11 million shares recently to bring their total holdings to about 2.86% of the shares outstanding. Vanguard 500 Index Fund bought 3095.0 shares to see its total holdings expand to 2.8 million shares valued at over $132.16 million and representing 2.08% of the shares outstanding. Mackenzie US Mid Cap Growth Class now owns shares totaling to 1.84% of the shares outstanding.
Shares of A. O. Smith Corporation (NYSE: AOS) opened at $51.19, down -$0.01 from a prior closing price of $51.20. However, the script later closed the day at $51.31, up 0.21%. The company’s stock has a 5-day price change of 1.54% and 27.04% over the past three months. AOS shares are trading 7.70% year to date (YTD), with the 12-month market performance up to 13.82% higher. It has a 12-month low price of $33.81 and touched a high of $52.70 over the same period. Currently, 0.93 million shares have been traded, compared to an average intraday trading volume of 1.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.78%, 8.80%, and 13.32% respectively.
Institutional ownership of A. O. Smith Corporation (NYSE: AOS) 161.87M shares outstanding. Mutual fund holders own 53.12%, while other institutional holders and individual stakeholders account for 8.84% and 48.07% respectively.
It has a market capitalization of $8.31B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 25.55, while the earnings-per-share (ttm) stands at $2.01. The company has a PEG of 3.19 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.47% over the week and 2.04% over the month.
Analysts forecast that A. O. Smith Corporation (AOS) will achieve an EPS of $0.42 for the current quarter, $0.51 for the next quarter and $2.28 for 2021. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -14.00%, and 26.45% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 14.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate A. O. Smith Corporation (AOS) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 7 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the AOS, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on May 29, 2020, with the firm’s price target at $54. Boenning & Scattergood coverage for the A. O. Smith Corporation (AOS) stock in a research note released on May 06, 2020 offered a Outperform rating with a price target of . Stifel was of a view on April 03, 2020 that the stock is Buy, while Robert W. Baird gave the stock Neutral rating on February 26, 2020, issuing a price target of $53- $45. Northcoast on their part issued Neutral rating on January 30, 2020.