AAON, Inc. (NASDAQ:AAON) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus price objective of $35.00 for the company and are expecting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 101 out of 255 based on the ratings given to its competitors.
Several equities research analysts have recently commented on AAON shares. Zacks Investment Research upgraded shares of AAON from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 8th. BidaskClub lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, ValuEngine upgraded shares of AAON from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd.
Shares of NASDAQ:AAON traded up $0.79 during trading hours on Friday, hitting $39.01. The company’s stock had a trading volume of 435,341 shares, compared to its average volume of 198,399. AAON has a 52 week low of $29.05 and a 52 week high of $43.30. The firm has a market cap of $2.04 billion, a P/E ratio of 41.06, a P/E/G ratio of 2.99 and a beta of 0.96.
AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 1st. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). AAON had a net margin of 10.76% and a return on equity of 17.17%. The business had revenue of $112.93 million during the quarter, compared to the consensus estimate of $130.58 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts expect that AAON will post 0.87 EPS for the current fiscal year.
In related news, CAO Rebecca Thompson sold 5,533 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $42.69, for a total transaction of $236,203.77. Following the completion of the transaction, the chief accounting officer now owns 12,196 shares in the company, valued at approximately $520,647.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Gary D. Fields sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $38.70, for a total transaction of $61,920.00. Following the transaction, the president now owns 25,343 shares of the company’s stock, valued at approximately $980,774.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,984 shares of company stock valued at $534,797. Company insiders own 22.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in shares of AAON by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 102,684 shares of the construction company’s stock worth $3,414,000 after acquiring an additional 1,453 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of AAON by 9.5% during the 2nd quarter. Congress Asset Management Co. MA now owns 84,048 shares of the construction company’s stock worth $2,795,000 after acquiring an additional 7,280 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of AAON during the 2nd quarter worth approximately $4,277,000. Schwab Charles Investment Management Inc. raised its stake in shares of AAON by 15.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 233,078 shares of the construction company’s stock worth $7,750,000 after acquiring an additional 30,800 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of AAON during the 2nd quarter worth approximately $2,684,000. Hedge funds and other institutional investors own 71.82% of the company’s stock.
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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