Company shares are trading at $59.55 marginally over $55.25, the 50 day moving average and which is just a bit higher than the 200 day moving average of $54.19. The 50 day moving average went up by +7.78% whereas the 200 day moving average was up $5.36 or +9.89%. 556K shares changed hands in the last trading session. Trading volume was up 1.01% over the stocks average daily volume.
Investors are feeling more bearish on A.O. Smith Corporation of late at least if you consider the change in short interest. The company realized a rise in short interest of 9.65% between August 15, 2017 and August 31, 2017. Short interest grew 303,743 over that timeframe. The days to cover increased to 5.0 and the short interest percentage is 0.02% as of August 31.
A few notable investment firms have updated their holdings. As of the end of the quarter Next Financial Group, Inc had disposed of a total of 300 shares trimming its stake by 60.0%. The value of the investment in (AOS) increased from $27,000 to $11,000,000 increasing 40,640.7% quarter to quarter. As of quarter end Janus Capital Management LLC had sold 5,265,140 shares trimming its position 85.6%. The value of the investment in A.O. Smith Corporation went from $291,139,000 to $45,201,000 a change of $245,938,000 since the last quarter.
Baird Financial Group, Inc. cut its holdings by selling 27,643 shares a decrease of 2.0%. Baird Financial Group, Inc. now holds 1,356,468 shares worth $76,410,000. The value of the position overall is up by 7.9%. Cantab Capital Partners Llp added to its investment by buying 1,202 shares an increase of 7.3% from 03/31/2017 to 06/30/2017. Cantab Capital Partners Llp currently owns 17,671 shares valued at $995,000,000. The total value of its holdings increased 117,930.8%.
The company currently has a P/E ratio of 30.23 and market cap is 10.27B. In the last earnings report the EPS was $1.97 and is projected to be $2.11 for the current year with 172,538,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.55 with next year’s EPS anticipated to be $2.37.
A. O. Smith Corporation, launched on July 9, 1986, operates through two segments: North America and Rest of World. The Business’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products. Both segments primarily manufacture and market in their respective regions of the world. Its North America segment also manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. The Company also manufactures and markets in-home air purification products in China..