Shares of A.O. Smith Corporation (NYSE:AOS) traded today at $73.30, eclipsing its 52-week high. This new high was reached on below average trading volume as 112,000 shares traded hands, while the average 30-day volume is approximately 707,000 shares.
A.O. Smith Corporation (NYSE:AOS) defies analysts with a current price ($73.14) 22.5% above its average consensus price target of $56.66.
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 primarily to Asian countries and operates sales offices to expand distribution and market its product portfolio.
In the past 52 weeks, shares of A.O. Smith Corporation have traded between a low of $47.22 and a high of $73.30 and is now at $73.14, which is 55% above that low price.
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