AAON (NASDAQ:AAON) Stock Rating Lowered by Wall Street Zen

Key Points

• AAON stock rating was downgraded from "hold" to a "strong sell" by Wall Street Zen, amid mixed analyst ratings on the stock.
• The company's quarterly earnings report revealed a miss on earnings per share at $0.22, falling short of the expected $0.31 by ($0.09), and a revenue decline of 0.6% year-over-year.
• Insider trading activity was noted, as Director Gordon Douglas Wichman sold 21,302 shares, reducing his ownership in the company by 70.87%.

Wall Street Zen lowered shares of AAON (NASDAQ:AAON - Free Report) from a hold rating to a strong sell rating in a research report report published on Sunday.

Other analysts also recently issued reports about the company. DA Davidson dropped their price objective on AAON from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Robert W. Baird dropped their price objective on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Sidoti upgraded AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $102.00.

AAON Trading Up 0.5%

Shares of NASDAQ AAON traded up $0.3990 during trading on Friday, hitting $80.4890. 38,591 shares of the company traded hands, compared to its average volume of 1,016,389. The firm has a market capitalization of $6.56 billion, a P/E ratio of 54.60 and a beta of 0.94. The company has a quick ratio of 1.99, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $77.46 and a 200-day moving average price of $86.90. AAON has a 1 year low of $62.00 and a 1 year high of $144.07.

AAON (NASDAQ:AAON - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The construction company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.09). The firm had revenue of $311.57 million for the quarter, compared to analyst estimates of $326.15 million. AAON had a return on equity of 15.45% and a net margin of 9.70%.The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, equities analysts predict that AAON will post 2.26 EPS for the current year.

AAON Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. AAON's payout ratio is presently 27.21%.

Hedge Funds Weigh In On AAON

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in AAON by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 6,516,204 shares of the construction company's stock worth $509,111,000 after buying an additional 276,722 shares in the last quarter. Blair William & Co. IL lifted its holdings in AAON by 4.7% in the 2nd quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company's stock worth $168,155,000 after buying an additional 102,382 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in AAON by 7.3% in the 2nd quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company's stock worth $150,210,000 after buying an additional 139,024 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AAON by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,402,803 shares of the construction company's stock worth $109,598,000 after buying an additional 66,536 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in AAON by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,376 shares of the construction company's stock worth $98,941,000 after buying an additional 26,302 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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. 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.