Zacks Investment Research upgraded shares of AAON (NASDAQ:AAON) from a hold rating to a buy rating in a research note issued to investors on Tuesday. The firm currently has $44.00 price objective on the construction company’s stock.
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 upgraded AAON from a sell rating to a hold rating in a report on Friday, March 16th.
Shares of AAON (AAON) opened at $39.25 on Tuesday. AAON has a twelve month low of $29.95 and a twelve month high of $39.50. The company has a market capitalization of $2,050.14, a P/E ratio of 38.11, a P/E/G ratio of 1.96 and a beta of 0.87.
AAON (NASDAQ:AAON) last announced its earnings results on Tuesday, February 27th. The construction company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). AAON had a net margin of 13.45% and a return on equity of 22.34%. The company had revenue of $104.16 million during the quarter, compared to the consensus estimate of $108.00 million. equities analysts expect that AAON will post 1.33 EPS for the current fiscal year.
In other AAON news, VP Sam Neale sold 7,840 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $35.60, for a total value of $279,104.00. Following the transaction, the vice president now directly owns 33,028 shares of the company’s stock, valued at $1,175,796.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.25% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of AAON. Capital Analysts LLC lifted its stake in AAON by 57.1% in the fourth quarter. Capital Analysts LLC now owns 5,146 shares of the construction company’s stock valued at $189,000 after buying an additional 1,871 shares during the period. Xact Kapitalforvaltning AB acquired a new position in AAON in the fourth quarter valued at approximately $221,000. Amalgamated Bank acquired a new position in AAON in the fourth quarter valued at approximately $222,000. Dynamic Technology Lab Private Ltd acquired a new position in AAON in the third quarter valued at approximately $298,000. Finally, Crossmark Global Holdings Inc. acquired a new position in AAON in the third quarter valued at approximately $341,000. 69.54% of the stock is currently owned by hedge funds and other institutional investors.
AAON Company Profile
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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