BidaskClub downgraded shares of AAON (NASDAQ:AAON) from a hold rating to a sell rating in a report issued on Thursday.

Separately, Zacks Investment Research upgraded AAON from a sell rating to a hold rating in a report on Tuesday, September 12th.

AAON (NASDAQ AAON) traded up $0.65 on Thursday, reaching $35.20. The company’s stock had a trading volume of 366,282 shares, compared to its average volume of 144,344. The stock has a market cap of $1,846.87, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01. AAON has a 52 week low of $29.95 and a 52 week high of $38.20.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $113.67 million during the quarter, compared to analysts’ expectations of $111.76 million. AAON had a net margin of 12.77% and a return on equity of 23.17%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. equities analysts predict that AAON will post 0.97 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 30th will be issued a $0.13 dividend. This represents a yield of 0.76%. The ex-dividend date is Wednesday, November 29th. AAON’s dividend payout ratio (DPR) is 27.66%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in shares of AAON by 1.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,634,697 shares of the construction company’s stock worth $125,306,000 after purchasing an additional 46,644 shares during the period. Vanguard Group Inc. grew its holdings in shares of AAON by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock worth $130,715,000 after purchasing an additional 43,958 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of AAON by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,740,717 shares of the construction company’s stock worth $60,012,000 after purchasing an additional 5,824 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of AAON by 8.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,704,008 shares of the construction company’s stock worth $58,746,000 after purchasing an additional 137,691 shares during the period. Finally, Wasatch Advisors Inc. grew its holdings in shares of AAON by 7.4% during the 3rd quarter. Wasatch Advisors Inc. now owns 1,102,189 shares of the construction company’s stock worth $37,998,000 after purchasing an additional 76,324 shares during the period. Institutional investors own 68.28% of the company’s stock.

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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.

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