Shares of A.O. Smith Corporation (NYSE:AOS) traded at a new 52-week high today of $76.72. Approximately 596,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
Over the past year, A.O. Smith Corporation has traded in a range of $51.95 to $76.72 and is now at $76.72, 48% above that low.
A.O. Smith Corporation (NYSE:AOS) is currently priced 25.3% above its average consensus analyst price target of $57.30.
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.
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