TipRanks (Wed, 27-Mar 6:33 AM ET)
A. O. Smith Appoints Stephen Shafer President and Chief Operating Officer
PRNewswire (Mon, 18-Mar 8:00 AM ET)
A. O. Smith Reports Record Sales and Earnings in 2023 and Introduces 2024 Guidance
PRNewswire (Tue, 30-Jan 6:55 AM ET)
A. O. Smith Declares Quarterly Dividend
PRNewswire (Tue, 16-Jan 5:18 PM ET)
Nordson Corporation Elects Christopher Mapes to its Board of Directors
Business Wire (Tue, 16-Jan 8:00 AM ET)
A. O. Smith to Hold Fourth Quarter Conference Call on January 30, 2024
PRNewswire (Wed, 3-Jan 10:00 AM ET)
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 March 28, 2024, AOS stock price climbed to $89.46 with 776,000 million shares trading.
AOS has a beta of 1.18, 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 $13.17 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, VB, VOO, NOBL, VBK.
AOS has outperformed the market in the last year with a price return of +34.6% while the SPY ETF gained +33.6%. However, in the short term, AOS had mixed performance relative to the market. It has underperformed in the last 3 months, returning +9.3% vs +10.1% return in SPY. But in the last 2 weeks, AOS shares have fared better than the market returning +3.8% compared to SPY +1.7%.
AOS support price is $87.74 and resistance is $89.96 (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.