AAON (NASDAQ:AAON) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

AAON has been the topic of several other research reports. TheStreet lowered shares of AAON from a “b+” rating to a “c” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered shares of AAON from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. Finally, DA Davidson lowered shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a research note on Monday, May 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.50.

AAON stock opened at $47.07 on Friday. The company’s 50 day simple moving average is $49.05 and its 200 day simple moving average is $45.97. AAON has a fifty-two week low of $31.55 and a fifty-two week high of $53.27. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 58.11 and a beta of 0.95.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). AAON had a return on equity of 19.78% and a net margin of 11.01%. The firm had revenue of $119.40 million for the quarter, compared to the consensus estimate of $124.42 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts anticipate that AAON will post 1.03 EPS for the current fiscal year.

In other AAON news, insider Rebecca Thompson sold 1,100 shares of AAON stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $47.97, for a total value of $52,767.00. Following the transaction, the insider now owns 10,960 shares of the company’s stock, valued at $525,751.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott M. Asbjornson sold 3,824 shares of AAON stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $48.83, for a total transaction of $186,725.92. Following the completion of the transaction, the chief financial officer now directly owns 856,247 shares in the company, valued at approximately $41,810,541.01. The disclosure for this sale can be found here. Insiders own 22.24% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in AAON by 17.9% in the second quarter. Royal Bank of Canada now owns 43,821 shares of the construction company’s stock valued at $2,199,000 after buying an additional 6,665 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in AAON in the second quarter valued at approximately $893,000. Nuveen Asset Management LLC bought a new position in AAON in the second quarter valued at approximately $8,304,000. Price T Rowe Associates Inc. MD lifted its stake in AAON by 34.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 383,666 shares of the construction company’s stock valued at $19,252,000 after buying an additional 98,825 shares in the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in AAON in the second quarter valued at approximately $201,000. 73.27% of the stock is currently owned by hedge funds and other institutional investors.

AAON Company Profile

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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