AAON, Inc. (AAON) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of AAON, Inc. (NASDAQ:AAON) from a sell rating to a hold rating in a research report released on Wednesday morning.
According to Zacks, “Aaon Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency. “
Separately, BidaskClub lowered AAON from a buy rating to a hold rating in a research note on Monday, July 24th.
Shares of AAON (AAON) traded down 0.71% during mid-day trading on Wednesday, reaching $35.10. The company’s stock had a trading volume of 52,321 shares. The company has a 50-day moving average of $32.89 and a 200-day moving average of $35.22. The firm has a market cap of $1.85 billion, a PE ratio of 36.56 and a beta of 0.97. AAON has a 12 month low of $27.45 and a 12 month high of $38.20.
AAON (NASDAQ:AAON) last posted 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). The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $111.24 million. AAON had a return on equity of 24.33% and a net margin of 13.32%. AAON’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, analysts predict that AAON will post $0.99 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/aaon-inc-aaon-upgraded-by-zacks-investment-research-to-hold/1610754.html.
In related news, Director Jack E. Short sold 5,062 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.91, for a total transaction of $161,528.42. Following the completion of the sale, the director now owns 54,336 shares in the company, valued at $1,733,861.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.25% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in AAON by 132,761.8% during the first quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock worth $168,047,000 after buying an additional 4,750,218 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in AAON by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock worth $132,220,000 after buying an additional 13,725 shares in the last quarter. Vanguard Group Inc. grew its holdings in AAON by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock worth $130,715,000 after buying an additional 43,958 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in AAON by 5.1% during the second quarter. Conestoga Capital Advisors LLC now owns 1,566,317 shares of the construction company’s stock worth $57,719,000 after buying an additional 75,443 shares in the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in AAON by 13.2% during the second quarter. Wasatch Advisors Inc. now owns 1,025,865 shares of the construction company’s stock worth $37,803,000 after buying an additional 119,468 shares in the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.
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.
Receive News & Ratings for AAON Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAON Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.