A.O. Smith Corp. Director Sells $2,007,200 in Stock (AOS)
A.O. Smith Corp. (NYSE:AOS) Director Paul Jones sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $50.18, for a total value of $2,007,200.00. Following the completion of the sale, the director now directly owns 253,740 shares in the company, valued at approximately $12,732,673. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AOS has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of A.O. Smith Corp. from $47.00 to $56.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of A.O. Smith Corp. from $48.00 to $55.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of A.O. Smith Corp. from $50.00 to $58.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $48.71.
A.O. Smith Corp. (NYSE:AOS) traded down 2.22% on Wednesday, hitting $50.25. 984,359 shares of the company’s stock traded hands. A.O. Smith Corp. has a 1-year low of $27.695 and a 1-year high of $44.92. The stock has a 50-day moving average of $42.42 and a 200-day moving average of $38.. The company has a market cap of $4.649 billion and a price-to-earnings ratio of 30.53.
A.O. Smith Corp. (NYSE:AOS) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.11. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $509.77 million. During the same quarter last year, the company posted $0.79 earnings per share. A.O. Smith Corp.’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that A.O. Smith Corp. will post $2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, October 29th.
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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