Zacks: Analysts Set $35.00 Price Target for AAON, Inc. (NASDAQ:AAON)

Shares of AAON, Inc. (NASDAQ:AAON) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.

Brokerages have set a one year consensus target price of $35.00 for the company and are predicting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 114 out of 255 based on the ratings given to its competitors.

A number of brokerages have issued reports on AAON. Zacks Investment Research raised shares of AAON from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 2nd. ValuEngine lowered shares of AAON from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of AAON from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th.

In related news, VP Rony D. Gadiwalla sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $50.38, for a total value of $201,520.00. Following the completion of the sale, the vice president now directly owns 31,934 shares in the company, valued at $1,608,834.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Scott M. Asbjornson sold 21,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $49.90, for a total value of $1,047,900.00. Following the completion of the sale, the chief financial officer now owns 869,267 shares of the company’s stock, valued at $43,376,423.30. The disclosure for this sale can be found here. Company insiders own 22.24% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Belpointe Asset Management LLC bought a new stake in shares of AAON in the first quarter valued at about $116,000. HBK Sorce Advisory LLC acquired a new position in AAON in the second quarter valued at approximately $201,000. Stone Ridge Asset Management LLC acquired a new position in AAON in the second quarter valued at approximately $232,000. Advisor Group Inc. lifted its holdings in AAON by 4.7% in the second quarter. Advisor Group Inc. now owns 4,903 shares of the construction company’s stock valued at $246,000 after acquiring an additional 221 shares during the period. Finally, HighTower Advisors LLC acquired a new position in AAON in the second quarter valued at approximately $286,000. Institutional investors own 72.73% of the company’s stock.

Shares of AAON opened at $45.51 on Friday. AAON has a 1 year low of $31.55 and a 1 year high of $53.27. The company has a 50 day simple moving average of $47.16 and a two-hundred day simple moving average of $47.71. The firm has a market cap of $2.34 billion, a P/E ratio of 56.19 and a beta of 0.97.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). AAON had a net margin of 11.01% and a return on equity of 19.78%. The company had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $124.42 million. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that AAON will post 1.03 EPS for the current year.

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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