Shares of AAON, Inc. (NASDAQ:AAON) have received an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.
Analysts have set a twelve-month consensus price objective of $35.00 for the company and are anticipating that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 249 out of 256 based on the ratings given to its competitors.
Several research firms recently weighed in on AAON. DA Davidson cut AAON from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a research note on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research cut AAON from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. TheStreet cut AAON from a “b+” rating to a “c” rating in a research note on Thursday, May 9th. Finally, BidaskClub cut AAON from a “buy” rating to a “hold” rating in a research note on Saturday.
AAON stock traded down $1.46 during trading on Tuesday, hitting $43.98. 89,531 shares of the company’s stock were exchanged, compared to its average volume of 147,630. The firm’s 50-day moving average price is $49.59. The firm has a market capitalization of $2.37 billion, a PE ratio of 54.30, a price-to-earnings-growth ratio of 2.94 and a beta of 0.95. AAON has a 52-week low of $31.55 and a 52-week high of $53.27.
AAON (NASDAQ:AAON) last posted its earnings results on Thursday, August 1st. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). The business had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $124.42 million. AAON had a return on equity of 19.78% and a net margin of 11.01%. AAON’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities research analysts predict that AAON will post 1.03 EPS for the current fiscal year.
In other AAON news, CFO Scott M. Asbjornson sold 3,824 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $48.83, for a total value of $186,725.92. Following the completion of the sale, the chief financial officer now owns 856,247 shares in the company, valued at $41,810,541.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Rebecca Thompson sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $47.97, for a total value of $52,767.00. Following the completion of the sale, the insider now owns 10,960 shares of the company’s stock, valued at approximately $525,751.20. The disclosure for this sale can be found here. 22.24% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan lifted its stake in AAON by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,130 shares of the construction company’s stock valued at $609,000 after buying an additional 220 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of AAON by 4.7% in the second quarter. Advisor Group Inc. now owns 4,903 shares of the construction company’s stock valued at $246,000 after purchasing an additional 221 shares during the period. THB Asset Management increased its holdings in shares of AAON by 0.9% in the first quarter. THB Asset Management now owns 25,317 shares of the construction company’s stock valued at $1,169,000 after purchasing an additional 229 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of AAON by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,737 shares of the construction company’s stock valued at $727,000 after purchasing an additional 284 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of AAON by 2.8% in the second quarter. Aperio Group LLC now owns 11,411 shares of the construction company’s stock valued at $573,000 after purchasing an additional 313 shares during the period. Institutional investors own 73.21% 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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