AAON, Inc. (NASDAQ:AAON) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Monday.
Separately, Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
Shares of AAON (NASDAQ:AAON) traded down 5.63% on Monday, hitting $35.20. 259,691 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $36.95 and its 200 day moving average price is $35.60. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 36.29 and a beta of 0.98. AAON has a 12-month low of $25.33 and a 12-month high of $38.20.
AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.01. AAON had a net margin of 13.43% and a return on equity of 25.28%. The company had revenue of $86.10 million during the quarter, compared to analyst estimates of $87.58 million. During the same quarter last year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts predict that AAON will post $1.08 earnings per share for the current fiscal year.
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In other news, VP Scott M. Asbjornson sold 9,815 shares of AAON stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total transaction of $360,308.65. Following the completion of the sale, the vice president now directly owns 860,165 shares in the company, valued at $31,576,657.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 22.25% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Rockefeller Financial Services Inc. increased its stake in AAON by 4.0% in the first quarter. Rockefeller Financial Services Inc. now owns 409,705 shares of the construction company’s stock worth $14,483,000 after buying an additional 15,709 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in AAON by 1.1% in the first quarter. Glen Harbor Capital Management LLC now owns 53,142 shares of the construction company’s stock worth $1,879,000 after buying an additional 578 shares during the last quarter. Personal Capital Advisors Corp increased its stake in AAON by 5.1% in the first quarter. Personal Capital Advisors Corp now owns 566,065 shares of the construction company’s stock worth $19,784,000 after buying an additional 27,549 shares during the last quarter. Nationwide Fund Advisors increased its stake in AAON by 4.3% in the first quarter. Nationwide Fund Advisors now owns 235,853 shares of the construction company’s stock worth $8,337,000 after buying an additional 9,659 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in AAON by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the construction company’s stock worth $154,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 66.12% of the company’s stock.
AAON Company Profile
AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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