BidaskClub cut shares of AAON, Inc. (NASDAQ:AAON) from a buy rating to a hold rating in a research report sent to investors on Monday, July 24th.
Separately, Zacks Investment Research lowered AAON from a buy rating to a hold rating in a report on Wednesday, April 26th.
AAON (NASDAQ AAON) opened at 31.65 on Monday. The firm has a 50-day moving average of $35.26 and a 200-day moving average of $35.60. AAON has a 12-month low of $26.51 and a 12-month high of $38.20. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 32.97 and a beta of 0.96.
AAON (NASDAQ:AAON) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.02. AAON had a return on equity of 24.33% and a net margin of 13.32%. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $111.24 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts forecast that AAON will post $1.00 earnings per share for the current fiscal year.
In other AAON news, VP Scott M. Asbjornson sold 9,815 shares of AAON stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $36.71, for a total value of $360,308.65. Following the transaction, the vice president now directly owns 860,165 shares of the company’s stock, valued at approximately $31,576,657.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 22.25% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors Inc. increased its position in shares of AAON by 13.2% in the second quarter. Wasatch Advisors Inc. now owns 1,025,865 shares of the construction company’s stock valued at $37,803,000 after buying an additional 119,468 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of AAON by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 108,754 shares of the construction company’s stock valued at $4,008,000 after buying an additional 3,089 shares in the last quarter. 1st Global Advisors Inc. increased its position in shares of AAON by 1.3% in the second quarter. 1st Global Advisors Inc. now owns 7,294 shares of the construction company’s stock valued at $269,000 after buying an additional 97 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in AAON during the second quarter worth about $314,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in AAON by 0.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,402 shares of the construction company’s stock worth $2,410,000 after buying an additional 417 shares in the last quarter. 66.18% of the stock is currently owned by institutional investors.
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 MarketBeat.com's FREE daily email newsletter.