AOS Stock Summary and Trading Ideas (A.O. Smith | NYSE:AOS)

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

A.O. Smith trades on the NYSE stock market under the symbol AOS.

As of April 24, 2024, AOS stock price declined to $87.00 with 1,098,958 million shares trading.

AOS has a beta of 1.07, meaning it tends to be more sensitive to market movements. AOS has a correlation of 0.37 to the broad based SPY ETF.

AOS has a market cap of $12.81 billion. This is considered a Large Cap stock.

Last quarter A.O. Smith reported $988 million in Revenue and $.97 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.02.

In the last 3 years, AOS stock traded as high as $89.96 and as low as $46.58.

The top ETF exchange traded funds that AOS belongs to (by Net Assets): VTI, VOO, VB, NOBL, VBK.

AOS has outperformed the market in the last year with a price return of +28.7% while the SPY ETF gained +24.2%. AOS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +6.7% and +0.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

AOS support price is $86.76 and resistance is $89.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AOS stock will trade within this expected range on the day.