A.O. Smith (AOS)

• Market cap: $9.96B
• 1 day: 0.41%
• 5 days: -4.73%
• 1 month: -4.22%
• 3 months: -17.09%
• 6 months: -18.11%
• Year to date: -15.62%
• 1 year: -14.35%
• 5 years: 44.92%
• 10 years: 148.27%
• Sector: Consumer Discretionary
• Industry: Household Appliances

About: A.O. Smith Corporation manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments, North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for both residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for Most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s.

Employees: 12,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

213% more call options, than puts

Call options by funds: $84.5M | Put options by funds: $26.9M

13% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 67

6% more capital invested

Capital invested by funds: $9.22B [Q2] → $9.74B (+$519M) [Q3]

1% more funds holding

Funds holding: 631 [Q2] → 640 (+9) [Q3]

2.9% less ownership

Funds ownership: 93.32% [Q2] → 90.42% (-2.9%) [Q3]

23% less repeat investments, than reductions

Existing positions increased: 205 | Existing positions reduced: 267

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $78 14% upside
• Avg. target: $82 19% upside
• High target: $90 31% upside

5 analyst ratings

• positive: 1 20%
• neutral: 4 80%
• negative: 0 0%

Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target	31% upside $90	Buy Maintained	11 Dec 2024
Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 67 met price target	14% upside $78	Neutral Maintained	9 Dec 2024
Baird Michael Halloran 59% 1-year accuracy 17 / 29 met price target	18% upside $81	Neutral Maintained	23 Oct 2024
UBS Damian Karas 64% 1-year accuracy 9 / 14 met price target	16% upside $80	Neutral Upgraded	23 Oct 2024
DA Davidson Matt Summerville 53% 1-year accuracy 17 / 32 met price target	16% upside $80	Neutral Downgraded	23 Oct 2024