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Valued at a market cap of $9.5 billion, A. O. Smith Corporation (AOS) is a leading American manufacturer specializing in residential and commercial water heating and treatment solutions. Founded in 1874, the Milwaukee, Wisconsin-based company has evolved from producing bicycle parts to becoming a global water technology leader.
Shares of AOS have lagged the broader market over the past 52 weeks. AOS has declined 20.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 10.2%. Moreover, shares of AOS are down 1.7% on a YTD basis, compared to $SPX’s 1.3% fall.