Analysts Set $28.00 Price Target for AAON Inc. (NASDAQ:AAON)
Shares of AAON Inc. (NASDAQ:AAON) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a one year consensus target price of $28.00 for the company and are anticipating that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 49 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th.
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In other AAON news, insider Rebecca Thompson sold 1,792 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total value of $50,176.00. Following the sale, the insider now directly owns 20,365 shares of the company’s stock, valued at $570,220. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 24.91% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of AAON. Neuberger Berman Group LLC raised its stake in AAON by 7.1% in the second quarter. Neuberger Berman Group LLC now owns 3,438,699 shares of the company’s stock valued at $94,599,000 after buying an additional 228,804 shares during the last quarter. Vanguard Group Inc. raised its stake in AAON by 2.3% in the second quarter. Vanguard Group Inc. now owns 3,217,799 shares of the company’s stock valued at $88,522,000 after buying an additional 71,586 shares during the last quarter. BlackRock Fund Advisors raised its stake in AAON by 2.1% in the second quarter. BlackRock Fund Advisors now owns 2,523,401 shares of the company’s stock valued at $69,419,000 after buying an additional 52,813 shares during the last quarter. Macquarie Group Ltd. raised its stake in AAON by 26.8% in the second quarter. Macquarie Group Ltd. now owns 929,789 shares of the company’s stock valued at $25,578,000 after buying an additional 196,664 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C raised its stake in AAON by 2.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 855,930 shares of the company’s stock valued at $23,547,000 after buying an additional 19,363 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors.
AAON (NASDAQ:AAON) traded down 2.880% during trading on Friday, reaching $29.845. The company had a trading volume of 55,380 shares. AAON has a 52 week low of $19.06 and a 52 week high of $30.80. The firm has a market capitalization of $1.58 billion, a P/E ratio of 31.383 and a beta of 1.30. The stock has a 50 day moving average price of $28.33 and a 200 day moving average price of $27.42.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. AAON had a return on equity of 27.11% and a net margin of 13.54%. The firm had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.03 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Analysts predict that AAON will post $1.00 earnings per share for the current year.
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
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