BidaskClub upgraded shares of AAON (NASDAQ:AAON) from a sell rating to a hold rating in a report published on Friday, March 16th.
Separately, Zacks Investment Research upgraded shares of AAON from a strong sell rating to a hold rating in a research report on Wednesday, January 3rd.
AAON traded down $1.05 during trading on Friday, hitting $34.30. 261,399 shares of the company traded hands, compared to its average volume of 230,987. The firm has a market cap of $1,798.35, a P/E ratio of 36.11, a PEG ratio of 1.72 and a beta of 0.77. AAON has a one year low of $29.95 and a one year high of $40.25.
AAON (NASDAQ:AAON) last issued its earnings results 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). The business had revenue of $104.16 million for the quarter, compared to the consensus estimate of $108.00 million. AAON had a return on equity of 22.34% and a net margin of 13.45%. equities analysts predict that AAON will post 1.33 EPS for the current year.
In other AAON news, VP Sam Neale sold 7,840 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $35.60, for a total transaction of $279,104.00. Following the completion of the transaction, the vice president now owns 33,028 shares in the company, valued at $1,175,796.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.25% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in AAON. Nationwide Fund Advisors lifted its holdings in shares of AAON by 17.8% in the third quarter. Nationwide Fund Advisors now owns 285,313 shares of the construction company’s stock worth $9,836,000 after buying an additional 43,057 shares in the last quarter. First Trust Advisors LP raised its stake in AAON by 18.5% in the third quarter. First Trust Advisors LP now owns 31,105 shares of the construction company’s stock valued at $1,072,000 after purchasing an additional 4,853 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in AAON by 11.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 72,723 shares of the construction company’s stock valued at $2,507,000 after purchasing an additional 7,321 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in AAON in the third quarter valued at approximately $341,000. Finally, State of Wisconsin Investment Board raised its stake in AAON by 5.9% in the third quarter. State of Wisconsin Investment Board now owns 238,300 shares of the construction company’s stock valued at $8,215,000 after purchasing an additional 13,200 shares in the last quarter. 69.54% of the stock is currently 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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