AAON (NASDAQ:AAON - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Several other analysts have also recently weighed in on AAON. Wall Street Zen cut shares of AAON from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Robert W. Baird reduced their target price on shares of AAON from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. DA Davidson reduced their target price on shares of AAON from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Oppenheimer reissued an "outperform" rating and set a $105.00 price objective on shares of AAON in a report on Tuesday, September 30th. Finally, Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $102.60.
Check Out Our Latest Research Report on AAON
AAON Stock Down 0.6%
NASDAQ:AAON traded down $0.63 during mid-day trading on Wednesday, hitting $102.41. The stock had a trading volume of 393,093 shares, compared to its average volume of 1,025,852. The stock has a 50-day simple moving average of $85.61 and a two-hundred day simple moving average of $84.92. The company has a market capitalization of $8.35 billion, a PE ratio of 69.68 and a beta of 1.05. AAON has a twelve month low of $62.00 and a twelve month high of $144.07. The company has a current ratio of 3.10, a quick ratio of 1.99 and a debt-to-equity ratio of 0.38.
AAON (NASDAQ:AAON - Get Free Report) last issued its earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). The firm had revenue of $311.57 million during the quarter, compared to analyst estimates of $326.15 million. AAON had a net margin of 9.70% and a return on equity of 15.45%. The firm's revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. On average, equities research analysts anticipate that AAON will post 2.26 EPS for the current year.
Insiders Place Their Bets
In related news, insider Christopher Douglas Eason sold 12,003 shares of AAON stock in a transaction on Monday, August 25th. The shares were sold at an average price of $85.08, for a total value of $1,021,215.24. Following the transaction, the insider directly owned 5,301 shares in the company, valued at $451,009.08. This trade represents a 69.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rebecca Thompson sold 9,350 shares of AAON stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $81.09, for a total transaction of $758,191.50. Following the completion of the transaction, the chief financial officer owned 24,396 shares in the company, valued at approximately $1,978,271.64. This trade represents a 27.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.55% of the company's stock.
Institutional Investors Weigh In On AAON
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of AAON by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after purchasing an additional 276,722 shares in the last quarter. Blair William & Co. IL boosted its position in shares of AAON by 4.7% during the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company's stock worth $168,155,000 after purchasing an additional 102,382 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of AAON by 7.3% during the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company's stock worth $150,210,000 after purchasing an additional 139,024 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AAON by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after purchasing an additional 66,536 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of AAON by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company's stock worth $98,941,000 after purchasing an additional 26,302 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
About AAON
(
Get Free Report)
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.
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