A. O. Smith (NYSE:AOS) Rating Lowered to “Hold” at StockNews.com

A. O. Smith (NYSE:AOS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages also recently commented on AOS. Robert W. Baird lowered their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. DA Davidson downgraded shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, October 23rd. Citigroup cut their target price on shares of A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus decreased their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $84.14.

A. O. Smith Stock Down 0.1 %

Shares of AOS opened at $72.88 on Tuesday. The stock has a 50 day simple moving average of $76.79 and a two-hundred day simple moving average of $80.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. A. O. Smith has a 1 year low of $70.73 and a 1 year high of $92.44. The firm has a market cap of $10.57 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.92 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. During the same period in the previous year, the firm earned $0.90 EPS. On average, analysts forecast that A. O. Smith will post 3.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AOS. University of Texas Texas AM Investment Management Co. bought a new position in A. O. Smith in the 2nd quarter worth $25,000. Isthmus Partners LLC bought a new position in A. O. Smith during the second quarter valued at $27,000. Quarry LP boosted its holdings in shares of A. O. Smith by 214.9% in the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 245 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of A. O. Smith during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC purchased a new stake in A. O. Smith in the third quarter worth $37,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.