A.O. Smith
About: 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.
Employees: 12,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
345% more call options, than puts
Call options by funds: $71.1M | Put options by funds: $16M
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 235 | Existing positions reduced: 240
2% less funds holding
Funds holding: 642 [Q1] → 630 (-12) [Q2]
2.36% less ownership
Funds ownership: 95.69% [Q1] → 93.33% (-2.36%) [Q2]
11% less capital invested
Capital invested by funds: $10.4B [Q1] → $9.22B (-$1.16B) [Q2]
17% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 72
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Stifel Nathan Jones 89% 1-year accuracy 57 / 64 met price target | 22%upside $91 | Buy Maintained | 23 Oct 2024 |
Baird Michael Halloran 74% 1-year accuracy 14 / 19 met price target | 8%upside $81 | Neutral Maintained | 23 Oct 2024 |
UBS Damian Karas 91% 1-year accuracy 10 / 11 met price target | 7%upside $80 | Neutral Upgraded | 23 Oct 2024 |
DA Davidson Matt Summerville 54% 1-year accuracy 14 / 26 met price target | 7%upside $80 | Neutral Downgraded | 23 Oct 2024 |
Financial journalist opinion
Based on 20 articles about AOS published over the past 30 days