A.O. Smith (AOS) has been recognized as a top momentum stock for long-term investors. Over the past five years, shareholders have achieved an 18% compound annual growth rate (CAGR). The company has had a strong Q1 performance, with earnings surpassing estimates and sales rising year-over-year. A.O. Smith has also been making strategic acquisitions to broaden their presence and expand their offerings, including acquiring water treatment solutions providers Atlantic Filter and Master Water Conditioning Corporation, and water heater manufacturer Giant Factories, Inc. Despite these successes, the company has been given an average recommendation of 'Hold' by brokerages, and some of its major holders, including Wells Fargo & Company MN and UBS Group AG, have decreased their stock positions. However, others such as Assetmark Inc., Orion Portfolio Solutions LLC, and Norges Bank have seen this as an opportunity to increase their shares. In terms of value, there is ongoing debate whether AOS or RXN is the better stock investment.
Stephen Shafer has been appointed as the new President and Chief Operating Officer, and the company has announced the retirement of long-time executive Mark Petrarca.
A O Smith Corporation AOS News Analytics from Mon, 08 Apr 2019 07:00:00 GMT to Wed, 29 May 2024 16:00:26 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 2
