Analysts Expect AAON, Inc. (AAON) to Post $0.24 Earnings Per Share

Shares of AAON, Inc. (NASDAQ:AAON) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a one year consensus target price of $35.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 21 out of 255 based on the ratings given to related companies.

A number of brokerages have recently issued reports on AAON. BidaskClub upgraded shares of AAON from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, ValuEngine downgraded shares of AAON from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd.

In other AAON news, President Gary D. Fields sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $42.39, for a total transaction of $84,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 635 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $41.88, for a total transaction of $26,593.80. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. PRW Wealth Management LLC purchased a new position in AAON during the 4th quarter valued at about $46,000. Bank of Montreal Can boosted its stake in shares of AAON by 12.1% during the 4th quarter. Bank of Montreal Can now owns 2,689 shares of the construction company’s stock worth $94,000 after purchasing an additional 290 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AAON by 33.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the construction company’s stock worth $107,000 after purchasing an additional 773 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of AAON during the 4th quarter worth about $133,000. Finally, Advisor Group Inc. boosted its stake in shares of AAON by 95.5% during the 4th quarter. Advisor Group Inc. now owns 5,635 shares of the construction company’s stock worth $198,000 after purchasing an additional 2,752 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.

Shares of AAON traded up $0.36 during trading hours on Friday, reaching $46.18. The company had a trading volume of 219,344 shares, compared to its average volume of 143,326. The company has a market capitalization of $2.38 billion, a PE ratio of 57.01, a P/E/G ratio of 2.33 and a beta of 0.90. AAON has a 12-month low of $29.05 and a 12-month high of $46.69.

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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