How Analysts Feel About A. O. Smith Corp After Today’s Bearish Options Activity?


 How Analysts Feel About A. O. Smith Corp After Today's Bearish Options Activity?

In today’s session A. O. Smith Corp (AOS) recorded an unusually high (1,251) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious AOS decrease. With 1,251 contracts traded and 13514 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: AOS161021P00095000 closed last at: $0.45 or 25% down. About 264,645 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 38.68% since March 4, 2016 and is uptrending. It has outperformed by 30.64% the S&P500.

Analysts await A. O. Smith Corp (NYSE:AOS) to report earnings on October, 19. They expect $0.90 EPS, up 9.76% or $0.08 from last year’s $0.82 per share. AOS’s profit will be $39.71 million for 14.04 P/E if the $0.90 EPS becomes a reality. After $0.98 actual EPS reported by A. O. Smith Corp for the previous quarter, Wall Street now forecasts -8.16% negative EPS growth.

A. O. Smith Corp (NYSE:AOS) Ratings Coverage

Out of 10 analysts covering AO Smith Corp (NYSE:AOS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $111 is the highest target while $80 is the lowest. The $92 average target is 82.03% above today’s ($50.54) stock price. AO Smith Corp has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. BMO Capital Markets initiated the shares of AOS in a report on Tuesday, April 5 with “Outperform” rating. Longbow initiated the shares of AOS in a report on Friday, June 17 with “Neutral” rating. The company was initiated on Tuesday, March 8 by Northland Capital. The stock has “Buy” rating given by SunTrust on Thursday, July 14. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Buy”. BB&T Capital initiated A. O. Smith Corp (NYSE:AOS) rating on Wednesday, September 23. BB&T Capital has “Buy” rating and $80 price target. William Blair initiated A. O. Smith Corp (NYSE:AOS) on Friday, September 11 with “Outperform” rating. KeyBanc Capital Markets maintained A. O. Smith Corp (NYSE:AOS) on Friday, April 8 with “Overweight” rating. The stock of A. O. Smith Corp (NYSE:AOS) has “Hold” rating given on Friday, January 8 by Maxim Group. SunTrust initiated the stock with “Buy” rating in Tuesday, November 3 report.

According to Zacks Investment Research, “A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world’s leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America’s largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.06, from 1.07 in 2016Q1. The ratio increased, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.
Utah Retirement Systems holds 0.03% of its portfolio in A. O. Smith Corp (NYSE:AOS) for 13,300 shares. Kcg Hldg reported 3,789 shares or 0.01% of all its holdings. Victory Cap owns 1.15M shares or 0.41% of their US portfolio. Checchi Capital Advisers Ltd Company owns 611 shares or 0.01% of their US portfolio. Bowen Hanes Communications holds 260,000 shares or 1.24% of its portfolio. Twin Tree Ltd Partnership reported 10,870 shares or 0.02% of all its holdings. Toronto Dominion Fincl Bank reported 411 shares or 0% of all its holdings. Moreover, Sii Invests Wi has 0.03% invested in A. O. Smith Corp (NYSE:AOS) for 4,316 shares. Timber Hill Limited Liability last reported 0% of its portfolio in the stock. Menta Ltd Company, a California-based fund reported 3,060 shares. Alps Advisors last reported 5,481 shares in the company. Trillium Asset Mgmt Ltd Liability Corporation reported 63,077 shares or 0.37% of all its holdings. Citigroup owns 14,826 shares or 0% of their US portfolio. Ftb Incorporated holds 0.02% or 1,846 shares in its portfolio. Nordea Invest Mngmt reported 1,700 shares or 0% of all its holdings.

Insider Transactions: Since April 29, 2016, the stock had 0 buys, and 12 sales for $12.42 million net activity. Heideman Robert J had sold 12,000 shares worth $923,219. WOLF IDELLE K also sold $147,809 worth of A. O. Smith Corp (NYSE:AOS) on Friday, May 13. Martineau Peter R sold $315,775 worth of A. O. Smith Corp (NYSE:AOS) on Friday, May 27. The insider JONES PAUL W sold 80,400 shares worth $6.33 million. The insider KITA JOHN J sold $886,042. The insider Rajendra Ajita G sold $418,500. On Monday, May 2 Ding Wei sold $639,516 worth of the stock or 8,182 shares.

A. O. Smith Corporation operates its business through two divisions, which include North America and Rest of World. The company has a market cap of $2.23 billion. The Company’s Rest of World segment primarily comprises China, Europe and India. It has a 28.6 P/E ratio. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

AOS Company Profile

A. O. Smith Corporation, incorporated on July 09, 1986, operates its business through two divisions, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. Both divisions manufacture and market a range of residential and commercial gas, gas tankless and electric water heaters. Both divisions primarily manufacture and market in their respective regions of the world. The Company’s North America segment also makes and markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also makes and markets water treatment products. The Firm also markets in-home air purification products in China.

More notable recent A. O. Smith Corp (NYSE:AOS) news were published by: which released: “A. O. Smith announces two-for-one stock split” on September 07, 2016, also with their article: “A. O. Smith Corp(NYSE:AOS) Below Average” published on October 07, 2016, published: “Marquette, AO Smith collaborate on water technology study” on September 27, 2016. More interesting news about A. O. Smith Corp (NYSE:AOS) were released by: and their article: “A. O. Smith acquires water treatment company Aquasana” published on August 08, 2016 as well as‘s news article titled: “City approaches AO Smith for water filters” with publication date: September 16, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply