Shares of AAON, Inc. (NASDAQ:AAON) have 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 analyst has rated the stock with a strong sell rating. AAON’s rating score has declined by 66.7% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $35.00 for the company and are anticipating that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 220 out of 256 based on the ratings given to related companies.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of AAON from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. BidaskClub upgraded shares of AAON from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 30th. TheStreet downgraded shares of AAON from a “b+” rating to a “c” rating in a report on Thursday, May 9th. Finally, DA Davidson downgraded shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a report on Monday, May 6th. They noted that the move was a valuation call.
A number of hedge funds and other institutional investors have recently made changes to their positions in AAON. Texas Permanent School Fund increased its holdings in shares of AAON by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 26,590 shares of the construction company’s stock worth $932,000 after buying an additional 939 shares during the last quarter. Citigroup Inc. increased its holdings in shares of AAON by 5.6% in the 4th quarter. Citigroup Inc. now owns 32,271 shares of the construction company’s stock worth $1,131,000 after buying an additional 1,723 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of AAON by 25.7% in the 4th quarter. Stifel Financial Corp now owns 41,912 shares of the construction company’s stock worth $1,454,000 after buying an additional 8,576 shares during the last quarter. Allied Investment Advisors LLC bought a new stake in shares of AAON in the 1st quarter worth about $1,849,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of AAON in the 4th quarter worth about $542,000. Institutional investors own 72.12% of the company’s stock.
AAON opened at $46.65 on Wednesday. AAON has a fifty-two week low of $29.77 and a fifty-two week high of $52.50. The firm has a market cap of $2.43 billion, a P/E ratio of 57.59, a PEG ratio of 2.50 and a beta of 0.94.
AAON (NASDAQ:AAON) last released its earnings results 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). AAON had a net margin of 10.97% and a return on equity of 19.79%. The firm had revenue of $113.82 million for the quarter, compared to analysts’ expectations of $109.92 million. During the same quarter last year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts expect that AAON will post 1.28 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. AAON’s dividend payout ratio is currently 39.51%.
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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