AAON (NASDAQ:AAON) Lowered to “Sell” Rating by Wall Street Zen

AAON (NASDAQ:AAON) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently commented on the company. Zacks Research raised AAON from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of AAON in a report on Tuesday, December 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $115.00 target price on shares of AAON in a research report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.60.

AAON Stock Performance

NASDAQ AAON opened at $94.08 on Friday. The business has a 50 day moving average price of $85.31 and a 200 day moving average price of $86.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 2.03. The company has a market capitalization of $7.68 billion, a P/E ratio of 77.75 and a beta of 1.08. AAON has a 1-year low of $62.00 and a 1-year high of $137.90.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. AAON had a net margin of 7.62% and a return on equity of 12.52%. The business had revenue of $384.24 million during the quarter, compared to analysts’ expectations of $337.20 million. During the same period last year, the company posted $0.63 EPS. The company’s revenue was up 17.4% on a year-over-year basis. Sell-side analysts expect that AAON will post 2.26 EPS for the current fiscal year.

Insider Transactions at AAON

In related news, EVP Stephen E. Wakefield bought 4,141 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was bought at an average cost of $77.59 per share, for a total transaction of $321,300.19. Following the completion of the purchase, the executive vice president directly owned 15,212 shares in the company, valued at approximately $1,180,299.08. The trade was a 37.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary D. Fields sold 3,553 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $105.14, for a total value of $373,562.42. Following the transaction, the director owned 26,340 shares of the company’s stock, valued at approximately $2,769,387.60. The trade was a 11.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On AAON

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in AAON by 512.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after purchasing an additional 3,966,088 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of AAON by 96.4% in the third quarter. Champlain Investment Partners LLC now owns 2,320,319 shares of the construction company’s stock valued at $216,811,000 after buying an additional 1,138,658 shares during the period. Blair William & Co. IL lifted its holdings in shares of AAON by 4.7% in the second quarter. Blair William & Co. IL now owns 2,280,070 shares of the construction company’s stock valued at $168,155,000 after buying an additional 102,382 shares during the period. Wasatch Advisors LP boosted its stake in AAON by 27.1% during the third quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock valued at $199,864,000 after buying an additional 456,560 shares in the last quarter. Finally, Geneva Capital Management LLC grew its holdings in AAON by 7.3% during the second quarter. Geneva Capital Management LLC now owns 2,036,752 shares of the construction company’s stock worth $150,210,000 after acquiring an additional 139,024 shares during the period. 70.81% of the stock is currently owned by institutional investors.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.