NEW YORK ( TheStreet) -- A.O. Smith Corporation (NYSE: AOS) hit a new 52-week high Tuesday as it is currently trading at $49.09, above its previous 52-week high of $48.94 with 34,965 shares traded as of 10:30 a.m. ET. Average volume has been 417,600 shares over the past 30 days. A.O. Smith has a market cap of $1.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.2% year to date as of the close of trading on Monday. 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 16.5, above the average industrial industry P/E ratio of 7.1 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates A.O. Smith as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full A.O. Smith Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.