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Valued at a market cap of $8.9 billion, A. O. Smith Corporation (AOS) manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products. The Milwaukee, Wisconsin-based company offers its products under the A. O. Smith, State, Lochinvar, Hague, Water-Right, Master Water, Atlantic Filter, and Water Tec brands.
Shares of this water treatment solutions provider have considerably lagged behind the broader market over the past 52 weeks. AOS has declined 11.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.5%. Moreover, on a YTD basis, the stock is down 7.3%, compared to SPX’s 11.2% uptick.