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NEW YORK ( TheStreet) -- A.O. Smith Corporation (NYSE: AOS) hit a new 52-week high Friday as it is currently trading at $47.12, above its previous 52-week high of $47.08 with 134,668 shares traded as of 9:49 a.m. ET. Average volume has been 464,800 shares over the past 30 days. A.O. Smith has a market cap of $1.72 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.9% year to date as of the close of trading on Thursday. A. O. Smith Corporation engages in the manufacture and sale of water heaters and boilers to the residential and commercial markets primarily in the United States, Canada, and the People's Republic of China. The company has a P/E ratio of 18.6, above the average industrial industry P/E ratio of 6.6 and above the S&P 500 P/E ratio of 17.7.