AOS - Christopher L Mapes Of A.O. Smith Shows Optimism Buys $140K In Stock | Benzinga
On April 10, a substantial insider purchase was made by Christopher L Mapes, Board Member at A.O. Smith (NYSE:AOS), as per the latest SEC filing.
What Happened: Mapes's recent purchase of 1,626 shares of A.O. Smith, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, reflects confidence in the company's potential. The total transaction value is $140,063.
Monitoring the market, A.O. Smith's shares down by 0.21% at $85.35 during Thursday's morning.
Delving into A.O. Smith's Background
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.
Financial Insights: A.O. Smith
Positive Revenue Trend: Examining A.O. Smith's financials over 3 months reveals a positive narrative. The ...