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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- A.O. Smith Corporation (NYSE: AOS) hit a new 52-week high Friday as it is currently trading at $74.11, above its previous 52-week high of $74.07 with 80,664 shares traded as of 9:45 a.m. ET. Average volume has been 404,400 shares over the past 30 days. A.O. Smith has a market cap of $2.89 billion and is part of the industrial goods sector and industrial industry. Shares are up 17.3% 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 20.9, above the S&P 500 P/E ratio of 17.7.