AAON, Inc. (NASDAQ:AAON) Upgraded to “Buy” by BidaskClub
AAON, Inc. (NASDAQ:AAON) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.
Separately, Zacks Investment Research lowered shares of AAON from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th.
Shares of AAON (AAON) traded up 1.64% during trading on Thursday, hitting $37.20. 69,493 shares of the company were exchanged. The firm’s 50-day moving average price is $36.65 and its 200 day moving average price is $35.12. AAON has a 12 month low of $25.33 and a 12 month high of $38.20. The firm has a market capitalization of $1.96 billion, a PE ratio of 38.35 and a beta of 0.98.
AAON (NASDAQ:AAON) last posted its earnings results on Thursday, May 4th. The construction company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.01. The firm had revenue of $86.10 million for the quarter, compared to analysts’ expectations of $87.58 million. AAON had a net margin of 13.43% and a return on equity of 25.28%. AAON’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. On average, equities research analysts expect that AAON will post $1.08 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 9th were issued a $0.13 dividend. This represents a yield of 0.73%. The ex-dividend date was Wednesday, June 7th. AAON’s payout ratio is presently 27.08%.
ILLEGAL ACTIVITY WARNING: “AAON, Inc. (NASDAQ:AAON) Upgraded to “Buy” by BidaskClub” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/08/aaon-inc-nasdaqaaon-upgraded-to-buy-by-bidaskclub.html.
In related news, VP Scott M. Asbjornson sold 9,815 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total value of $360,308.65. Following the completion of the sale, the vice president now owns 860,165 shares of the company’s stock, valued at approximately $31,576,657.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.25% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of AAON by 132,761.8% in the first quarter. BlackRock Inc. now owns 4,753,796 shares of the construction company’s stock valued at $168,047,000 after buying an additional 4,750,218 shares during the last quarter. RK Capital Management LLC bought a new stake in shares of AAON during the first quarter valued at approximately $13,498,000. Norges Bank bought a new stake in shares of AAON during the fourth quarter valued at approximately $11,494,000. Bank of New York Mellon Corp raised its stake in shares of AAON by 35.3% in the first quarter. Bank of New York Mellon Corp now owns 817,320 shares of the construction company’s stock valued at $28,892,000 after buying an additional 213,289 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of AAON by 25.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 697,631 shares of the construction company’s stock valued at $24,661,000 after buying an additional 139,568 shares during the last quarter. 65.97% of the stock is 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.