AAON (AAON) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of AAON (NASDAQ:AAON) from a hold rating to a buy rating in a report published on Wednesday. Zacks Investment Research currently has $43.00 price objective on the construction company’s stock.

According to Zacks, “Aaon Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency. “

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Separately, BidaskClub cut shares of AAON from a hold rating to a sell rating in a research report on Thursday, December 14th.

Shares of NASDAQ AAON opened at $39.00 on Wednesday. AAON has a fifty-two week low of $29.95 and a fifty-two week high of $40.25. The stock has a market capitalization of $2,044.89, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.87.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). AAON had a net margin of 13.45% and a return on equity of 22.34%. The business had revenue of $104.16 million during the quarter, compared to the consensus estimate of $108.00 million. equities analysts expect that AAON will post 1.33 earnings per share for the current year.

In other AAON news, VP Sam Neale sold 5,000 shares of AAON stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $38.38, for a total transaction of $191,900.00. Following 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 legal filing with the SEC, which is available through this link. 22.25% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Capital Analysts LLC lifted its position in shares of AAON by 57.1% during the 4th quarter. Capital Analysts LLC now owns 5,146 shares of the construction company’s stock worth $189,000 after buying an additional 1,871 shares in the last quarter. American International Group Inc. lifted its position in shares of AAON by 6.3% during the 3rd quarter. American International Group Inc. now owns 32,699 shares of the construction company’s stock worth $1,127,000 after buying an additional 1,926 shares in the last quarter. Moody Aldrich Partners LLC lifted its position in shares of AAON by 15.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 16,457 shares of the construction company’s stock worth $567,000 after buying an additional 2,172 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of AAON by 1.7% during the 3rd quarter. California Public Employees Retirement System now owns 153,725 shares of the construction company’s stock worth $5,300,000 after buying an additional 2,625 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its position in shares of AAON by 23.1% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 14,520 shares of the construction company’s stock worth $532,000 after buying an additional 2,729 shares in the last quarter. 69.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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