UBS Group Has Lowered Expectations for A. O. Smith (NYSE:AOS) Stock Price

A. O. Smith (NYSE:AOS) had its price objective cut by equities research analysts at UBS Group from $80.00 to $74.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective indicates a potential upside of 10.45% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Citigroup cut their price target on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus reduced their target price on A. O. Smith from $90.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird reduced their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A. O. Smith in a research report on Saturday, January 18th. Finally, DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $80.86.

A. O. Smith Stock Up 0.0 %

Shares of NYSE:AOS traded up $0.03 on Friday, reaching $67.00. The company had a trading volume of 916,357 shares, compared to its average volume of 1,372,907. A. O. Smith has a 52-week low of $65.53 and a 52-week high of $92.44. The firm’s 50 day simple moving average is $70.84 and its 200-day simple moving average is $77.53. The firm has a market capitalization of $9.71 billion, a PE ratio of 17.65, a PEG ratio of 1.44 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. As a group, analysts expect that A. O. Smith will post 3.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On A. O. Smith

Several hedge funds and other institutional investors have recently made changes to their positions in AOS. Public Sector Pension Investment Board increased its holdings in shares of A. O. Smith by 65.3% in the second quarter. Public Sector Pension Investment Board now owns 4,649 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 1,836 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of A. O. Smith by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 98,178 shares of the industrial products company’s stock valued at $8,029,000 after purchasing an additional 807 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in A. O. Smith by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock worth $164,000 after acquiring an additional 134 shares during the last quarter. Quarry LP increased its stake in A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the last quarter. Finally, Truist Financial Corp increased its stake in A. O. Smith by 1.4% during the second quarter. Truist Financial Corp now owns 13,844 shares of the industrial products company’s stock worth $1,132,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

About A. O. Smith

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.