AAON (AAON) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of AAON (NASDAQ:AAON) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, Zacks Investment Research raised shares of AAON from a hold rating to a buy rating and set a $43.00 price objective for the company in a research report on Wednesday, March 28th.

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Shares of NASDAQ:AAON opened at $34.30 on Friday. AAON has a fifty-two week low of $29.95 and a fifty-two week high of $40.25. The stock has a market cap of $1,798.35, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.77.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). AAON had a net margin of 13.45% and a return on equity of 22.34%. The business had revenue of $104.16 million for the quarter, compared to the consensus estimate of $108.00 million. research analysts expect that AAON will post 1.33 earnings per share for the current year.

In other AAON news, VP Sam Neale sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $38.38, for a total transaction of $191,900.00. Following the completion of the transaction, the vice president now directly owns 33,528 shares of the company’s stock, valued at approximately $1,286,804.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.25% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Capital Analysts LLC lifted its stake in shares of AAON by 57.1% in the 4th quarter. Capital Analysts LLC now owns 5,146 shares of the construction company’s stock worth $189,000 after acquiring an additional 1,871 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in shares of AAON in the 4th quarter worth approximately $221,000. Amalgamated Bank acquired a new stake in shares of AAON in the 4th quarter worth approximately $222,000. Stone Ridge Asset Management LLC acquired a new stake in shares of AAON in the 4th quarter worth approximately $462,000. Finally, DF Dent & Co. Inc. acquired a new stake in shares of AAON in the 4th quarter worth approximately $473,000. 69.54% of the stock is owned by hedge funds and other institutional investors.

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AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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