AAON (AAON) Given Consensus Recommendation of “Hold” by Brokerages

AAON (NASDAQ:AAON) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12 month consensus price target of $40.00 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 22 out of 265 based on the ratings given to related companies.

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A number of equities research analysts have recently weighed in on the company. BidaskClub lowered AAON from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. Zacks Investment Research raised AAON from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, March 28th.

In other AAON news, VP Sam Neale sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $38.38, for a total transaction of $191,900.00. Following the completion of the transaction, the vice president now owns 33,528 shares of the company’s stock, valued at approximately $1,286,804.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.25% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAON. Capital Analysts LLC raised its position in AAON by 57.1% during the 4th quarter. Capital Analysts LLC now owns 5,146 shares of the construction company’s stock valued at $189,000 after purchasing an additional 1,871 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in AAON during the 4th quarter valued at approximately $221,000. Amalgamated Bank bought a new position in AAON during the 4th quarter valued at approximately $222,000. Stone Ridge Asset Management LLC bought a new position in shares of AAON in the 4th quarter worth approximately $462,000. Finally, DF Dent & Co. Inc. bought a new position in shares of AAON in the 4th quarter worth approximately $473,000. 69.54% of the stock is owned by institutional investors and hedge funds.

NASDAQ AAON opened at $34.45 on Monday. AAON has a 1-year low of $29.95 and a 1-year high of $40.25. The stock has a market capitalization of $1,808.83, a PE ratio of 36.26, a P/E/G ratio of 1.80 and a beta of 0.77.

AAON (NASDAQ:AAON) last released its earnings results on Tuesday, February 27th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). AAON had a net margin of 13.45% and a return on equity of 22.34%. The company had revenue of $104.16 million during the quarter, compared to the consensus estimate of $108.00 million. analysts expect that AAON will post 1.28 earnings per share for the current year.

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About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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