A. O. Smith (AOS) Reaches $66.37 52-Week High; Noah Holdings Limited (NOAH) SI Increased By 5.21%

January 19, 2018 - By Migdalia James

The stock of A. O. Smith Corporation (NYSE:AOS) hit a new 52-week high and has $68.36 target or 3.00% above today’s $66.37 share price. The 8 months bullish chart indicates low risk for the $11.41B company. The 1-year high was reported on Jan, 19 by Barchart.com. If the $68.36 price target is reached, the company will be worth $342.33 million more. The stock increased 0.70% or $0.46 during the last trading session, reaching $66.37. About 114,651 shares traded. A. O. Smith Corporation (NYSE:AOS) has risen 35.20% since January 19, 2017 and is uptrending. It has outperformed by 18.50% the S&P500.

Noah Holdings Limited (NYSE:NOAH) had an increase of 5.21% in short interest. NOAH’s SI was 3.11 million shares in January as released by FINRA. Its up 5.21% from 2.95M shares previously. With 490,300 avg volume, 6 days are for Noah Holdings Limited (NYSE:NOAH)’s short sellers to cover NOAH’s short positions. The SI to Noah Holdings Limited’s float is 13.08%. The stock increased 0.24% or $0.12 during the last trading session, reaching $50.62. About 14,515 shares traded. Noah Holdings Limited (NYSE:NOAH) has risen 17.05% since January 19, 2017 and is uptrending. It has outperformed by 0.35% the S&P500.

A. O. Smith Corporation manufactures and markets residential and commercial gas, gas tankless, electric water heaters, and water treatment products in North America, China, Europe, and India. The company has market cap of $11.41 billion. The firm offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts. It has a 32.53 P/E ratio. It also provides heat pump and solar units, as well as combi boilers; and air purification products.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.20, from 0.94 in 2017Q2. It is positive, as 36 investors sold A. O. Smith Corporation shares while 132 reduced holdings. 73 funds opened positions while 118 raised stakes. 123.32 million shares or 19.18% less from 152.59 million shares in 2017Q2 were reported. Water Asset Management Ltd Liability Company holds 286,602 shares or 8.52% of its portfolio. Kames Cap Pcl holds 2.61% in A. O. Smith Corporation (NYSE:AOS) or 1.60 million shares. Teacher Retirement Sys Of Texas reported 0.01% in A. O. Smith Corporation (NYSE:AOS). State Board Of Administration Of Florida Retirement has invested 0.03% of its portfolio in A. O. Smith Corporation (NYSE:AOS). 16,683 are owned by Bb&T Limited Liability Co. Alpha Windward Ltd Liability holds 0.02% of its portfolio in A. O. Smith Corporation (NYSE:AOS) for 495 shares. First Tru Advisors Lp holds 0.08% or 517,722 shares. 4,309 were reported by Advisor Partners Ltd Liability Com. Aqr Mngmt Ltd Limited Liability Company has invested 0.06% in A. O. Smith Corporation (NYSE:AOS). Suntrust Banks Incorporated holds 0% or 3,388 shares. Westwood Management Corporation Il, Illinois-based fund reported 14,000 shares. Pub Employees Retirement Association Of Colorado invested in 28,667 shares. Ashmore Wealth Mngmt Ltd Co invested in 78,897 shares. Greenwood Cap Assoc Ltd Limited Liability Company has 3,897 shares for 0.06% of their portfolio. Victory Capital Management invested in 0.28% or 2.10 million shares.

Among 15 analysts covering AO Smith Corp (NYSE:AOS), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. AO Smith Corp has $111 highest and $50 lowest target. $71.38’s average target is 7.55% above currents $66.37 stock price. AO Smith Corp had 31 analyst reports since September 11, 2015 according to SRatingsIntel. The rating was initiated by Northland Capital on Tuesday, March 8 with “Buy”. The stock of A. O. Smith Corporation (NYSE:AOS) has “Hold” rating given on Wednesday, July 26 by Oppenheimer. The stock has “Hold” rating by Maxim Group on Friday, January 8. BMO Capital Markets initiated the stock with “Outperform” rating in Tuesday, April 5 report. On Friday, August 11 the stock rating was maintained by Jefferies with “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, December 10. The company was maintained on Friday, April 8 by KeyBanc Capital Markets. The company was maintained on Tuesday, September 12 by Jefferies. The stock of A. O. Smith Corporation (NYSE:AOS) earned “Buy” rating by Robert W. Baird on Wednesday, August 23. Longbow initiated A. O. Smith Corporation (NYSE:AOS) on Friday, June 17 with “Neutral” rating.

Since August 3, 2017, it had 0 buys, and 2 sales for $4.56 million activity. Another trade for 22,267 shares valued at $1.32M was sold by Martineau Peter R. On Thursday, August 3 JONES PAUL W sold $3.24 million worth of A. O. Smith Corporation (NYSE:AOS) or 60,000 shares.

Analysts await A. O. Smith Corporation (NYSE:AOS) to report earnings on February, 1. They expect $0.56 earnings per share, up 19.15% or $0.09 from last year’s $0.47 per share. AOS’s profit will be $96.28 million for 29.63 P/E if the $0.56 EPS becomes a reality. After $0.54 actual earnings per share reported by A. O. Smith Corporation for the previous quarter, Wall Street now forecasts 3.70% EPS growth.

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