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%.

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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.

About AAON

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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