Citigroup Cuts A. O. Smith (NYSE:AOS) Price Target to $65.00
by Renee Jackson · The Cerbat GemA. O. Smith (NYSE:AOS – Get Free Report) had its target price decreased by equities research analysts at Citigroup from $74.00 to $65.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 10.60% from the company’s previous close.
AOS has been the subject of several other reports. Oppenheimer reiterated an “outperform” rating and set a $80.00 price objective on shares of A. O. Smith in a research note on Friday. Wall Street Zen cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Stifel Nicolaus set a $75.00 price target on A. O. Smith in a report on Friday. The Goldman Sachs Group cut their price objective on A. O. Smith from $69.00 to $61.00 and set a “sell” rating on the stock in a research report on Monday, April 13th. Finally, DA Davidson set a $67.00 target price on A. O. Smith and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.44.
Get Our Latest Stock Report on AOS
A. O. Smith Trading Down 2.6%
AOS stock traded down $1.58 during trading on Monday, reaching $58.77. 796,906 shares of the stock traded hands, compared to its average volume of 1,481,406. The firm has a market capitalization of $8.13 billion, a PE ratio of 15.61, a P/E/G ratio of 1.31 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 1.00. The business’s 50 day moving average price is $67.68 and its 200-day moving average price is $68.97. A. O. Smith has a 52-week low of $58.47 and a 52-week high of $81.86.
A. O. Smith (NYSE:AOS – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.09). The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $974.06 million. A. O. Smith had a net margin of 13.84% and a return on equity of 28.42%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. A. O. Smith has set its FY 2026 guidance at 3.600-3.900 EPS. As a group, sell-side analysts forecast that A. O. Smith will post 3.85 earnings per share for the current year.
Insider Transactions at A. O. Smith
In other A. O. Smith news, SVP Darrell W. Schuh sold 1,104 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $74.39, for a total value of $82,126.56. Following the transaction, the senior vice president owned 2,201 shares in the company, valued at $163,732.39. The trade was a 33.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Arbejdsmarkedets Tillaegspension grew its stake in A. O. Smith by 10.6% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 387,114 shares of the industrial products company’s stock valued at $25,526,000 after purchasing an additional 36,987 shares in the last quarter. Brindle & Bay Financial Advisors LLC purchased a new position in shares of A. O. Smith during the 1st quarter valued at approximately $751,000. Fifth Third Bancorp boosted its stake in shares of A. O. Smith by 103.7% during the 1st quarter. Fifth Third Bancorp now owns 47,150 shares of the industrial products company’s stock valued at $3,109,000 after buying an additional 24,005 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of A. O. Smith by 0.5% during the first quarter. Kornitzer Capital Management Inc. KS now owns 35,267 shares of the industrial products company’s stock worth $2,326,000 after buying an additional 185 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of A. O. Smith by 8.3% in the first quarter. Hsbc Holdings PLC now owns 188,905 shares of the industrial products company’s stock worth $12,432,000 after buying an additional 14,465 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
A. O. Smith Company Profile
A. O. Smith Corporation, based in Milwaukee, Wisconsin, is a leading manufacturer of water heating and water treatment products for residential and commercial applications. Since its founding in 1874, the company has built a reputation for producing reliable, energy-efficient water heaters, boilers and pressure vessels. Its product portfolio encompasses gas, electric, condensing and tankless water heaters, as well as specialty boilers designed to meet a variety of building and industrial needs.
The company operates through two primary segments: North America and Asia.