A.O. Smith Stock Closes On Key Rating Benchmark As Homeowners Continue Upgrades

The boom in housing and home upgrades that began during the strictest stay-at-home part of the Covid pandemic last year continues. That’s lifting sales and profits for companies like water heater maker A.O. Smith, along with A.O. Smith stock. On Wednesday, the Relative Strength (RS) Rating for A.O. Smith (AOS) climbed to 73, up from 69 the prior trading session.

The 73 RS Rating shows that A.O. Smith stock has outperformed 73% of all stocks over the past year. Top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if A.O. Smith can continue to show renewed price strength and hit that benchmark.

Among other key ratings, A.O. Smith stock carries an 88 Composite Rating, putting it in the top 12% of stocks.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

The water heater maker also carries a B- Accumulation/Distribution Rating, on an A+ to E scale. The B- rating means mutual funds and other institutional investors are moderately buying shares.

In its latest quarter, A.O. Smith’s EPS grew 62% year over year, to 73 cents, on a 30% increase in revenue to $858.8 million. The Milwaukee-based company has reported double-digit EPS growth for the past four quarters and double-digit revenue growth three of the past four quarters.

A.O. Smith stock earns the No. 3 rank among its peers in the Building-A/C & Heating Products industry group. Watsco (WSOB) and Carrier Global (CARR) are also among the group’s highest-rated stocks.

Looking For Winning Stocks? Try This Simple Routine

Smith AO stock is working on a flat base with a 73.15 entry. See if it can break out in heavy trading.

When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating identifies technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.


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