Zacks: AAON (AAON) Given $40.00 Consensus Target Price by Analysts

Shares of AAON (NASDAQ:AAON) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus price objective of $40.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 46 out of 265 based on the ratings given to related companies.

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AAON has been the subject of a number of recent research reports. Zacks Investment Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd.

In other AAON news, VP Sam Neale sold 5,000 shares of AAON stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $38.38, for a total value of $191,900.00. Following the completion of the transaction, the vice president now directly owns 33,528 shares of the company’s stock, valued at approximately $1,286,804.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.25% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in shares of AAON during the 4th quarter worth about $221,000. DF Dent & Co. Inc. purchased a new position in shares of AAON during the 4th quarter worth about $473,000. MetLife Investment Advisors LLC purchased a new position in shares of AAON during the 4th quarter worth about $701,000. Teachers Advisors LLC boosted its stake in shares of AAON by 7.0% during the 4th quarter. Teachers Advisors LLC now owns 79,877 shares of the construction company’s stock worth $2,931,000 after purchasing an additional 5,205 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of AAON by 125.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 112,093 shares of the construction company’s stock worth $4,114,000 after purchasing an additional 62,332 shares during the period. 69.54% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AAON traded down $1.00 on Friday, reaching $34.35. The company’s stock had a trading volume of 96,377 shares, compared to its average volume of 201,573. AAON has a 52-week low of $29.95 and a 52-week high of $40.25. The stock has a market capitalization of $1,879.61, a P/E ratio of 37.21, a PEG ratio of 1.80 and a beta of 0.77.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). AAON had a return on equity of 22.34% and a net margin of 13.45%. The business had revenue of $104.16 million during the quarter, compared to analysts’ expectations of $108.00 million. equities research analysts forecast that AAON will post 1.33 earnings per share for the current year.

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About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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