AAON, Inc. (NASDAQ:AAON) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research lowered shares of AAON from a “hold” rating to a “sell” rating in a report on Monday, May 8th.

AAON (AAON) remained flat at $31.65 during mid-day trading on Friday. The company’s stock had a trading volume of 118,746 shares. The firm has a 50 day moving average of $35.26 and a 200 day moving average of $35.60. The company has a market capitalization of $1.66 billion, a P/E ratio of 32.97 and a beta of 0.96. AAON has a 1-year low of $26.51 and a 1-year high of $38.20.

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. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $111.24 million. AAON had a net margin of 13.32% and a return on equity of 24.33%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, equities analysts predict that AAON will post $1.00 earnings per share for the current year.

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In related news, VP Scott M. Asbjornson sold 9,815 shares of AAON stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $36.71, for a total transaction of $360,308.65. Following the transaction, the vice president now owns 860,165 shares in the company, valued at approximately $31,576,657.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.25% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AAON. BlackRock Inc. increased its stake in 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 period. Neuberger Berman Group LLC increased its stake in AAON by 0.4% in the second quarter. Neuberger Berman Group LLC now owns 3,588,053 shares of the construction company’s stock valued at $132,220,000 after buying an additional 13,725 shares during the period. Vanguard Group Inc. increased its stake in AAON by 1.3% in the second quarter. Vanguard Group Inc. now owns 3,547,234 shares of the construction company’s stock valued at $130,715,000 after buying an additional 43,958 shares during the period. Conestoga Capital Advisors LLC increased its stake in AAON by 5.1% in the second quarter. Conestoga Capital Advisors LLC now owns 1,566,317 shares of the construction company’s stock valued at $57,719,000 after buying an additional 75,443 shares during the period. Finally, Wasatch Advisors Inc. increased its stake in 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 during the period. 66.18% of the stock is currently owned by hedge funds and other 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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