As of Friday close, A. O. Smith Corporation’s (NYSE:AOS) stock was down -$0.81, moving down -1.16 percent to $68.92. The average number of shares traded per day over the past five days has been 812,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.44 fall in that time frame. In the last twenty days, the average volume was 1,080,485, while in the previous 50 days, it was 940,350.
Since last month, AOS stock retreated -9.74%. Shares of the company fell to $68.69 on 08/18/23, the lowest level in the past month. A 52-week high of $76.94 was reached on 07/20/23 after having rallying from a 52-week low of $46.58. Since the beginning of this year, AOS’s stock price has risen by 20.41% or $11.68, and marked a new high 17 times. However, the stock has declined by -10.43% since its 52-week high.
AOS stock investors should be aware that A. O. Smith Corporation (AOS) stock had its last reported insider trading activity 15 days ago on Aug 04. WOLF IDELLE K, the Director of the company, disposed of 1,142 shares for $72.77 on Aug 04. It resulted in a $83,103 divestment by the insider. Otchere Benjamin A sold 4,285 shares at an average price of $70.00 on May 09. The insider now owns 547 shares following the transaction. On May 01, Director SMITH MARK D sold 1,464 shares at $69.75 apiece. The transaction was valued at $102,108.
Valuation Metrics
Right now, A. O. Smith Corporation (AOS) has a P/E ratio of about 38.48. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 2.80, the price-to-book (PB) ratio of 5.49, and the price-to-cash flow ratio of 19.62 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Wednesday October 12 2022, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, A. O. Smith Corporation’s quick ratio stood at 1.20, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.10, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 37.80% percent. In the year ended June 29, EBITDA margin amounted to 19.49%, whereas operating margins totaled 7.50%. Based on annual data, AOS earned $1.33 billion in gross profit and brought in $3.75 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.30%. Return on equity (ROE) for the past 12 months was 15.30%.
In A. O. Smith Corporation’s quarter-end financial report for June 29, it reported total debt of $196.0 million against cash and short-term investments of $30.8 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AOS’s revenue fell -0.53% to $966.4 million during the quarter, while net income inched up to $960.8 million. While analysts expected A. O. Smith Corporation to report $0.91 quarterly earnings, the actual figure was $1.01 per share, beating the consensus estimate by 11.00%. During the quarter, the company generated $223.3 million in EBITDA. The liabilities of A. O. Smith Corporation were 1.36 billion at the end of its most recent quarter ended June 29, and its total debt was $240.9 million. The value of shareholders’ equity is $150.49 million.
Technical Picture
This quick technical analysis looks at A. O. Smith Corporation’s (AOS) price momentum. With a historical volatility rate of 11.84%, the RSI 9-day stood at 19.63% on 18 August.
With respect to its five-day moving average, the current A. O. Smith Corporation price is down by -3.42% percent or -$2.44. At present, AOS shares trade -9.30% below its 20-day simple moving average and +1.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.66% below its SMA50 and +25.81% above its SMA200.
Stochastic coefficient K was 3.87% and Stochastic coefficient D was 6.16%, while ATR was 1.30. Given the Stochastic reading of 4.09% for the 14-day period, the RSI (14) reading has been calculated as 29.67%. As of today, the MACD Oscillator reading stands at -1.51, while the 14-day reading stands at -2.09.
Analyst Ratings
Seaport Research Partners launched its rating on A. O. Smith Corporation (NYSE: AOS) to a Neutral in a note to investors on August 07, 2023. A. O. Smith Corporation (AOS) has been rated Hold by analysts. According to 2 brokerage firms, AOS is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate A. O. Smith Corporation stock as buy, with 3 recommending it as overweight.
With a median target price of $78.00, the current consensus forecast for the stock is $62.00 – $87.00. Based on these forecasts, analysts predict A. O. Smith Corporation (AOS) will achieve an average price target of $75.63.
