Insider Selling: John Kita Unloads 12,900 Shares of A.O. Smith Corp. Stock (AOS)
A.O. Smith Corp. (NYSE:AOS) CFO John Kita sold 12,900 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $43.15, for a total transaction of $556,635.00. Following the transaction, the chief financial officer now directly owns 46,364 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on AOS shares. Analysts at Wedbush raised their price target on shares of A.O. Smith Corp. (NYSE:AOS) from $35.00 to $40.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of A.O. Smith Corp. (NYSE:AOS) from $45.00 to $47.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of A.O. Smith Corp. (NYSE:AOS) from $40.00 to $45.00 in a research note to investors on Thursday, July 25th. They now have a “market perform” rating on the stock.
Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.33.
A.O. Smith Corp. (NYSE:AOS) traded up 0.72% during mid-day trading on Tuesday, hitting $44.55. The stock had a trading volume of 452,735 shares. A.O. Smith Corp. has a one year low of $27.565 and a one year high of $44.36. The stock’s 50-day moving average is $42. and its 200-day moving average is $38.42. The company has a market cap of $4.121 billion and a price-to-earnings ratio of 26.28.
A.O. Smith Corp. (NYSE:AOS) last released its earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $515.96 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $1.93 earnings per share for the current fiscal year.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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