AAON, Inc. (NASDAQ:AAON) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of AAON, Inc. (NASDAQ:AAON) from a buy rating to a hold rating in a research note published on Monday, July 24th.

Separately, Zacks Investment Research upgraded AAON from a sell rating to a hold rating in a research report on Wednesday, July 5th.

AAON (AAON) opened at 31.65 on Monday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 32.97 and a beta of 0.96. AAON has a one year low of $26.51 and a one year high of $38.20. The stock’s 50 day moving average is $35.26 and its 200 day moving average is $35.60.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.02. AAON had a return on equity of 24.33% and a net margin of 13.32%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $111.24 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that AAON will post $1.00 EPS for the current 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 stock was 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 approximately $31,576,657.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 22.25% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in AAON. LS Investment Advisors LLC raised its stake in shares of AAON by 86.0% in the first quarter. LS Investment Advisors LLC now owns 2,899 shares of the construction company’s stock valued at $102,000 after buying an additional 1,340 shares in the last quarter. Capital Analysts LLC bought a new stake in AAON during the second quarter valued at $121,000. Ameritas Investment Partners Inc. bought a new stake in AAON during the first quarter valued at $123,000. Victory Capital Management Inc. raised its stake in AAON by 16.1% in the first quarter. Victory Capital Management Inc. now owns 4,140 shares of the construction company’s stock valued at $146,000 after buying an additional 573 shares during the period. Finally, State of Alaska Department of Revenue raised 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 valued at $154,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 66.18% of the company’s stock.

About AAON

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.