Thoroughbred Financial Services LLC Acquires New Holdings in A. O. Smith Co. (NYSE:AOS)

Thoroughbred Financial Services LLC bought a new stake in A. O. Smith Co. (NYSE:AOS) in the second quarter, Holdings Channel reports. The fund bought 8,549 shares of the industrial products company’s stock, valued at approximately $699,000.

Several other large investors have also recently bought and sold shares of the stock. Isthmus Partners LLC acquired a new stake in shares of A. O. Smith in the 2nd quarter worth approximately $27,000. Versant Capital Management Inc lifted its position in A. O. Smith by 157.2% in the second quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 283 shares during the period. ORG Partners LLC boosted its stake in A. O. Smith by 665.0% during the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 532 shares in the last quarter. Twin Tree Management LP increased its position in shares of A. O. Smith by 188.9% during the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 1,566 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of A. O. Smith in the 1st quarter worth $109,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Trading Up 0.7 %

A. O. Smith stock opened at $79.97 on Monday. A. O. Smith Co. has a 52 week low of $64.14 and a 52 week high of $92.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.70. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 2.17 and a beta of 1.15. The company has a 50 day moving average price of $82.36 and a 200 day moving average price of $84.01.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Research analysts forecast that A. O. Smith Co. will post 4.07 EPS for the current year.

A. O. Smith Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, July 31st. A. O. Smith’s dividend payout ratio is currently 33.16%.

Insider Activity at A. O. Smith

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the sale, the senior vice president now owns 2,399 shares in the company, valued at approximately $194,319. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of research analyst reports. UBS Group lifted their target price on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, July 8th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Robert W. Baird reduced their target price on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and upped their price target for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and a consensus target price of $89.67.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.