Shares of AAON, Inc. (NASDAQ:AAON) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokers have set a 12 month consensus target price of $40.00 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 32 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on AAON. BidaskClub upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd.
In related news, VP Sam Neale sold 5,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,286,804.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.25% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in AAON. Nationwide Fund Advisors increased its position in AAON by 17.8% during the 3rd quarter. Nationwide Fund Advisors now owns 285,313 shares of the construction company’s stock worth $9,836,000 after purchasing an additional 43,057 shares in the last quarter. First Trust Advisors LP increased its position in AAON by 18.5% in the 3rd quarter. First Trust Advisors LP now owns 31,105 shares of the construction company’s stock valued at $1,072,000 after acquiring an additional 4,853 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in AAON by 11.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,723 shares of the construction company’s stock valued at $2,507,000 after acquiring an additional 7,321 shares during the period. Crossmark Global Holdings Inc. acquired a new position in AAON in the 3rd quarter valued at approximately $341,000. Finally, State of Wisconsin Investment Board increased its position in AAON by 5.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 238,300 shares of the construction company’s stock valued at $8,215,000 after acquiring an additional 13,200 shares during the period. Institutional investors and hedge funds own 69.54% of the company’s stock.
Shares of AAON (NASDAQ:AAON) opened at $39.10 on Friday. AAON has a twelve month low of $29.95 and a twelve month high of $39.20. The firm has a market cap of $2,034.41, a P/E ratio of 37.96, a PEG ratio of 1.94 and a beta of 0.87.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). AAON had a return on equity of 22.34% and a net margin of 13.45%. The firm had revenue of $104.16 million for the quarter, compared to the consensus estimate of $108.00 million. equities analysts predict that AAON will post 1.33 earnings per share for the current year.
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AAON Company Profile
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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