AAON, Inc. (AAON) Given $35.00 Consensus Target Price by Analysts

AAON, Inc. (NASDAQ:AAON) has been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation. AAON’s rating score has declined by 66.7% in the last three months as a result of various analysts’ ratings changes.

Brokerages have set a 12 month consensus price objective of $35.00 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 195 out of 256 based on the ratings given to its competitors.

A number of research firms have weighed in on AAON. BidaskClub upgraded AAON from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 30th. TheStreet cut AAON from a “b+” rating to a “c” rating in a report on Thursday. Zacks Investment Research upgraded AAON from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, March 4th. Finally, DA Davidson cut AAON from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a report on Monday, May 6th. They noted that the move was a valuation call.

In other news, VP Stephen E. Wakefield sold 635 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $41.88, for a total transaction of $26,593.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stephen E. Wakefield sold 1,118 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total value of $53,473.94. Following the transaction, the vice president now owns 6,878 shares in the company, valued at $328,974.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,753 shares of company stock worth $164,848. Insiders own 22.24% of the company’s stock.

Several institutional investors have recently modified their holdings of AAON. PRW Wealth Management LLC purchased a new position in shares of AAON during the fourth quarter worth about $46,000. Ellis Investment Partners LLC acquired a new stake in shares of AAON in the first quarter valued at approximately $65,000. Bank of Montreal Can raised its holdings in shares of AAON by 12.1% in the fourth quarter. Bank of Montreal Can now owns 2,689 shares of the construction company’s stock valued at $94,000 after purchasing an additional 290 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AAON by 33.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the construction company’s stock valued at $107,000 after purchasing an additional 773 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of AAON in the fourth quarter valued at approximately $133,000. Institutional investors and hedge funds own 73.06% of the company’s stock.

Shares of NASDAQ AAON traded up $0.93 during mid-day trading on Tuesday, reaching $48.40. The company’s stock had a trading volume of 129,174 shares, compared to its average volume of 153,204. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 59.75, a price-to-earnings-growth ratio of 2.47 and a beta of 0.94. AAON has a 52 week low of $29.05 and a 52 week high of $52.50.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $113.82 million during the quarter, compared to the consensus estimate of $109.92 million. AAON had a return on equity of 19.79% and a net margin of 10.97%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. On average, sell-side analysts forecast that AAON will post 1.28 earnings per share for the current fiscal year.

AAON Company Profile

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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