An Analysis of A. O. Smith Corporation (AOS)’s Potential Price Growth


A. O. Smith Corporation’s recently made public that its Director BROWN RONALD D unloaded Company’s shares for reported $0.25 million on Nov 11. In the deal valued at $60.48 per share,4,165 shares were sold. As a result of this transaction, BROWN RONALD D now holds 4,731 shares worth roughly $ 0.29 million.

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Then, Carver Samuel M. sold 2,000 shares, generating $119,140 in total proceeds. Upon selling the shares at $59.57, the SVP – Global Operations now owns 5,144 shares.

Before that, Larsen Michael M bought 3,925 shares. A. O. Smith Corporation shares valued at $274,240 were divested by the Director at a price of $69.87 per share. As a result of the transaction, Larsen Michael M now holds 7,425 shares, worth roughly $0.45 million.

Loop Capital downgraded its A. O. Smith Corporation [AOS] rating to a Hold from a a Buy in a research note published on Tuesday, January 17, 2023; the price target was decreased to $65 from $67. PT values the company’s stock at a premium of 6.66 to its Tuesday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. Robert W. Baird also remained covering AOS and has decreased its forecast on July 14, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Longbow revised its rating on July 06, 2022. It rated AOS as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AOS

On Tuesday, A. O. Smith Corporation [NYSE:AOS] saw its stock jump 0.76% to $60.67. On the same session, the stock had its day’s lowest price of $59.53, but rose to a high of $60.99. Over the last five days, the stock has gained 1.07%. A. O. Smith Corporation shares have risen nearly 5.99% since the year began. Nevertheless, the stocks have fallen -21.02% over the past one year. While a 52-week high of $78.96 was reached on 01/09/23, a 52-week low of $46.58 was recorded on 01/20/23. SMA at 50 days reached $59.43, while 200 days put it at $57.80. A total of 0.7 million shares were traded, compared to the trading of 1.07 million shares in the previous session.

Levels Of Support And Resistance For AOS Stock

The 24-hour chart illustrates a support level at 59.80, which if violated will result in even more drops to 58.94. On the upside, there is a resistance level at 61.26. A further resistance level may holdings at 61.86. The Relative Strength Index (RSI) on the 14-day chart is 54.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.01%. Stochastics %K at 48.07% indicates the stock is a holding.

How much short interest is there in A. O. Smith Corporation?

A steep rise in short interest was recorded in A. O. Smith Corporation stocks on Oct 13, 2022, dropping by -0.12 million shares to a total of 6.55 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 6.67 million shares. There was a decline of -1.83%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.83% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.92.

A. O. Smith Corporation [AOS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,236,720 shares, or roughly 11.22% of the outstanding AOS shares. In other words, the investor’s shares have fallen by -120,040 from its previous 13-F filing of 14356760.0. Additionally, SSgA Funds Management, Inc. increased 2.63% of its stake after which the total value it holdings stand at $503,990,644, while BlackRock Fund Advisors added 1.39% of its stake to hold $395.83 million in the firm. Over the last quarter, Impax Asset Management Ltd. purchased 70,578 shares of A. O. Smith Corporation, while Pictet Asset Management SA bought -761,368 shares. At present, Brown Brothers Harriman & Co. is holding 3,462,013 shares valued at $198.17 million. Geode Capital Management LLC owned 2,914,474 shares of the company at the time of its most recent 13F filing, worth $166.82 million.

According to FactSet, A. O. Smith Corporation’s share price will average $60.78 in the next year, based on opinions of analysts polled by the firm. This is down nearly -0.35 percent from its previous closing price of $60.21. Analysts expect A. O. Smith Corporation stock to reach the higher price of $65.00, while the lowest price estimate is $55.00. However, 14 analysts have rated AOS stock as a Hold in their predictions for 2023. The most recent change occurred on November 23, 2021 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $100 price target.


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