Eagle Bay Advisors LLC Lowers Stake in A. O. Smith Co. (NYSE:AOS)

Eagle Bay Advisors LLC cut its position in A. O. Smith Co. (NYSE:AOS) by 36.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 778 shares of the industrial products company’s stock after selling 453 shares during the quarter. Eagle Bay Advisors LLC’s holdings in A. O. Smith were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in A. O. Smith in the 2nd quarter worth $25,000. Quarry LP boosted its stake in shares of A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the period. Waldron Private Wealth LLC bought a new position in shares of A. O. Smith in the third quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new stake in shares of A. O. Smith during the third quarter worth about $37,000. Finally, Brooklyn Investment Group bought a new stake in A. O. Smith during the 3rd quarter valued at approximately $43,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AOS has been the subject of several recent analyst reports. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a research note on Wednesday, October 23rd. Stifel Nicolaus dropped their target price on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Citigroup cut their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, A. O. Smith has a consensus rating of “Hold” and an average price target of $82.33.

A. O. Smith Stock Performance

Shares of NYSE:AOS opened at $68.77 on Tuesday. The firm has a fifty day simple moving average of $71.58 and a two-hundred day simple moving average of $78.51. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $9.97 billion, a P/E ratio of 18.10, a PEG ratio of 1.92 and a beta of 1.18. A. O. Smith Co. has a 52 week low of $67.17 and a 52 week high of $92.44.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, analysts expect that A. O. Smith Co. will post 3.77 earnings per share for the current fiscal year.

A. O. Smith 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.