AAON, Inc. (NASDAQ:AAON) shares traded up 10.8% on Thursday . The stock traded as high as $39.14 and last traded at $38.22. 647,179 shares changed hands during trading, an increase of 206% from the average session volume of 211,644 shares. The stock had previously closed at $34.49.
Several research analysts recently weighed in on the stock. ValuEngine cut shares of AAON from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub cut shares of AAON from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research cut shares of AAON from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd.
The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.99 and a beta of 0.96.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, November 1st. The construction company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.03). The company had revenue of $112.93 million during the quarter, compared to analysts’ expectations of $130.58 million. AAON had a net margin of 10.76% and a return on equity of 17.17%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, equities research analysts forecast that AAON, Inc. will post 0.87 earnings per share for the current fiscal year.
In other AAON news, CAO Rebecca Thompson sold 5,533 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $42.69, for a total value of $236,203.77. Following the transaction, the chief accounting officer now directly owns 12,196 shares in the company, valued at $520,647.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Gary D. Fields sold 1,600 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $38.70, for a total transaction of $61,920.00. Following the completion of the transaction, the president now owns 25,343 shares in the company, valued at $980,774.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,984 shares of company stock worth $534,797. Corporate insiders own 22.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAON. Stifel Financial Corp boosted its stake in AAON by 33.7% in the first quarter. Stifel Financial Corp now owns 8,604 shares of the construction company’s stock valued at $333,000 after acquiring an additional 2,170 shares during the last quarter. Royal Bank of Canada boosted its stake in AAON by 16.7% in the first quarter. Royal Bank of Canada now owns 22,998 shares of the construction company’s stock valued at $897,000 after acquiring an additional 3,292 shares during the last quarter. WINTON GROUP Ltd purchased a new position in AAON in the first quarter valued at about $408,000. Principal Financial Group Inc. boosted its stake in AAON by 2.4% in the first quarter. Principal Financial Group Inc. now owns 309,465 shares of the construction company’s stock valued at $12,069,000 after acquiring an additional 7,136 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its stake in AAON by 3.6% in the second quarter. Pennsylvania Trust Co now owns 85,401 shares of the construction company’s stock valued at $2,839,000 after acquiring an additional 2,940 shares during the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
About AAON (NASDAQ:AAON)
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.
Further Reading: Technical Analysis
Receive News & Ratings for AAON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON and related companies with MarketBeat.com's FREE daily email newsletter.