A. O. Smith Corp Short Interest Down 28.6% in June (AOS)
Shares of A. O. Smith Corp (NYSE:AOS) saw a large decrease in short interest in the month of June. As of June 13th, there was short interest totalling 806,306 shares, a decrease of 28.6% from the May 30th total of 1,129,456 shares, AnalystRatings.NET reports. Based on an average trading volume of 500,508 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% of the company’s shares are short sold.
A number of research firms have recently commented on AOS. Analysts at Northland Securities initiated coverage on shares of A. O. Smith Corp in a research note on Tuesday. They set an “outperform” rating and a $57.00 price target on the stock. Separately, analysts at Zacks upgraded shares of A. O. Smith Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Finally, analysts at Sterne Agee upgraded shares of A. O. Smith Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $58.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $59.60.
Shares of A. O. Smith Corp (NYSE:AOS) opened at 48.30 on Thursday. A. O. Smith Corp has a 52-week low of $37.51 and a 52-week high of $55.18. The stock’s 50-day moving average is $49.4 and its 200-day moving average is $48.64. The company has a market cap of $4.376 billion and a price-to-earnings ratio of 25.20.
A. O. Smith Corp (NYSE:AOS) last announced its earnings results on Tuesday, April 22nd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $552.20 million for the quarter, compared to the consensus estimate of $559.51 million. During the same quarter last year, the company posted $0.96 earnings per share. A. O. Smith Corp’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that A. O. Smith Corp will post $2.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, July 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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