Shares of AAON Inc. (NASDAQ:AAON) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus price target of $28.00 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 47 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of AAON from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
In other AAON news, insider Rebecca Thompson sold 1,792 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total transaction of $50,176.00. Following the sale, the insider now directly owns 20,365 shares of the company’s stock, valued at $570,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 24.91% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in AAON during the fourth quarter valued at approximately $9,311,000. Teachers Advisors Inc. boosted its stake in AAON by 7.4% in the first quarter. Teachers Advisors Inc. now owns 68,487 shares of the company’s stock valued at $1,918,000 after buying an additional 4,748 shares during the period. Prudential Financial Inc. boosted its stake in AAON by 0.6% in the first quarter. Prudential Financial Inc. now owns 135,236 shares of the company’s stock valued at $3,787,000 after buying an additional 800 shares during the period. Algert Global LLC bought a new stake in AAON during the first quarter valued at approximately $372,000. Finally, BlackRock Group LTD boosted its stake in AAON by 10.7% in the first quarter. BlackRock Group LTD now owns 43,361 shares of the company’s stock valued at $1,215,000 after buying an additional 4,183 shares during the period. 58.68% of the stock is currently owned by hedge funds and other institutional investors.
AAON (NASDAQ:AAON) opened at 29.50 on Friday. The company has a market cap of $1.56 billion, a PE ratio of 31.02 and a beta of 1.30. AAON has a 12-month low of $19.06 and a 12-month high of $30.80. The firm has a 50 day moving average price of $28.51 and a 200 day moving average price of $27.48.
AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $102.30 million for the quarter, compared to analysts’ expectations of $98.03 million. AAON had a net margin of 13.54% and a return on equity of 27.11%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts anticipate that AAON will post $1.00 earnings per share for the current fiscal year.
AAON Company Profile
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
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