AAON (AAON) Stock Rating Upgraded by BidaskClub

AAON (NASDAQ:AAON) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other brokerages also recently issued reports on AAON. ValuEngine downgraded AAON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd.

Shares of AAON opened at $43.26 on Thursday. AAON has a 52 week low of $29.05 and a 52 week high of $44.90. The stock has a market capitalization of $2.25 billion, a PE ratio of 45.54, a P/E/G ratio of 3.56 and a beta of 0.96.

AAON (NASDAQ:AAON) last issued its earnings results on Thursday, November 1st. The construction company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). AAON had a return on equity of 17.17% and a net margin of 10.76%. The company had revenue of $112.93 million during the quarter, compared to analysts’ expectations of $130.58 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that AAON will post 0.81 EPS for the current fiscal year.

In other AAON news, Director Jack E. Short sold 5,851 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $40.45, for a total transaction of $236,672.95. Following the transaction, the director now owns 53,547 shares in the company, valued at $2,165,976.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary D. Fields sold 1,600 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $44.22, for a total value of $70,752.00. Following the transaction, the president now owns 23,743 shares in the company, valued at approximately $1,049,915.46. The disclosure for this sale can be found here. Insiders have sold 22,107 shares of company stock worth $943,307 in the last quarter. 22.20% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new position in shares of AAON in the third quarter valued at approximately $113,000. Atria Investments LLC purchased a new position in shares of AAON in the second quarter valued at approximately $262,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of AAON in the second quarter valued at approximately $284,000. OppenheimerFunds Inc. lifted its position in shares of AAON by 32.5% in the second quarter. OppenheimerFunds Inc. now owns 8,568 shares of the construction company’s stock valued at $285,000 after acquiring an additional 2,101 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of AAON by 224.3% in the second quarter. SG Americas Securities LLC now owns 8,783 shares of the construction company’s stock valued at $292,000 after acquiring an additional 6,075 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

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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