Is A. O. Smith Corporation (AOS) Good For Your Portfolio?

A. O. Smith Corporation (NYSE:AOS) saw a downside of -0.11% to close Monday at $64.16 after subtracting -$0.07 on the day. The 5-day average trading volume is 1,399,160 shares of the company’s common stock. It has gained $65.33 in the past week. An average of 1,287,330 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 904,880.

AOS’s 1-month performance is -8.49% or -$5.95 on its low of $60.39 reached on 10/01/21. The company’s shares have touched a 52-week low of $51.04 and high of $73.81, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, AOS has achieved 17.04% or $9.34. However, the current price is down -13.07%% from the 52-week high price.


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Insider Transactions

On Jun 02, 132 days have gone by since the last insider trading activity for A. O. Smith Corporation (AOS). WOLF IDELLE K (Director) most recently sold 1,985 shares at $71.35 per share on Jun 02. This transaction cost the insider $141,630. Director, Rajendra Ajita G, sold 50,000 shares at a price of $71.10 on May 28. Then, on May 18, Director SMITH BRUCE M sold 5,226 shares at a price of $69.65 per share. This transaction amounted to $363,999.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 39.91 and a low of 15.58. AOS stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.19 while the price-to-book (PB) in the most recent quarter is 5.66, with the price to cash flow ratio at 29.27.

A. O. Smith Corporation pays an annual dividend of $1.04 per share. Its dividend yield is 1.62% and the payout ratio is 37.30%. AOS paid $0.28 a share compared with prior rate of $0.26, up 7.14% from last year’s. The company has boosted its dividend for the last 29 consecutive years with the latest dividend increase of $0.02 reported on Monday October 11 2021. Measured over the last 3 years, the Dividend has been growing by 75.00% yearly.

It is projected that A. O. Smith Corporation’s next ex-dividend date will be on AO. AOS is expected to distribute $28-Oct-2021 as its next dividend.

A. O. Smith Corporation’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.70 meaning that AOS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.06. In terms of profitability, the gross margin trailing 12 months is 38.20%. The trailing 12-month EBITDA margin is 18.17% while for the period ending June 29; A. O. Smith Corporation’s operating margin was 17.60%. The firm’s gross profit as reported stood at $1.11 billion against revenue of $2.9 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, A. O. Smith Corporation’s cash and short-term investments amounted to $137.1 million against total debt of $152.5 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.78% to $859.8 million, while revenue of $769.0 million was 10.56% off the previous quarter. Analysts expected AOS to announce $0.65 per share in earnings in its latest quarter, but it posted $0.73, representing a 12.30% surprise. EBITDA for the quarter stood at more than $167.8 million. AOS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.32 billion, with total debt at $152.5 million. Shareholders hold equity totaling $159.18 million

Technical Picture

Let’s look briefly at A. O. Smith Corporation (AOS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 47.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.24%.

The stock’s 5-day moving average is $64.09, reflecting a +4.89% or $2.99 change from its current price. AOS is currently trading -7.95% above its 20-day SMA, -6.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -8.77% and +16.42% respectively.

Stochastic %K and %D was 80.16% and 71.34% and the average true range (ATR) pointed at 1.44. The RSI (14) points at 42.52%, while the 14-day stochastic is at 76.32% with the period’s ATR at 1.43. The stock’s 9-day MACD Oscillator is pointing at 1.27 and 0.93 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for A. O. Smith Corporation (NYSE: AOS), Robert W. Baird upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for AOS stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate AOS as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is AOS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $50.00 and a high of $85.00, with their median price target at $75.50. Looking at these predictions, the average price target given by analysts is for A. O. Smith Corporation (AOS) stock is $74.38.

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