AAON, Inc. (NASDAQ:AAON) Given Average Rating of “Strong Sell” by Analysts

Shares of AAON, Inc. (NASDAQ:AAON) have been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation. AAON’s rating score has declined by 66.7% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective 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 233 out of 256 based on the ratings given to its competitors.

Several brokerages have recently commented on AAON. Zacks Investment Research raised AAON from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. BidaskClub lowered shares of AAON from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. TheStreet lowered shares of AAON from a “b+” rating to a “c” rating in a research report on Thursday, May 9th. Finally, DA Davidson lowered shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research report on Monday, May 6th. They noted that the move was a valuation call.

In other AAON news, CFO Scott M. Asbjornson sold 3,824 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $48.83, for a total value of $186,725.92. Following the completion of the transaction, the chief financial officer now directly owns 856,247 shares of the company’s stock, valued at $41,810,541.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stephen E. Wakefield sold 1,118 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total transaction of $53,473.94. Following the completion of the transaction, the vice president now directly owns 6,878 shares of the company’s stock, valued at $328,974.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,042 shares of company stock valued at $292,967. Insiders own 22.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PRW Wealth Management LLC purchased a new position in shares of AAON during the 4th quarter valued at about $46,000. Ellis Investment Partners LLC acquired a new position in shares of AAON in the first quarter valued at about $65,000. Belpointe Asset Management LLC purchased a new stake in shares of AAON in the first quarter worth about $116,000. Wakefield Asset Management LLLP purchased a new stake in shares of AAON in the fourth quarter worth about $133,000. Finally, Advisor Group Inc. boosted its stake in shares of AAON by 95.5% in the fourth quarter. Advisor Group Inc. now owns 5,635 shares of the construction company’s stock worth $198,000 after buying an additional 2,752 shares during the last quarter. 73.38% of the stock is owned by institutional investors and hedge funds.

Shares of AAON opened at $49.71 on Friday. The company’s 50 day simple moving average is $47.86. The company has a market cap of $2.59 billion, a P/E ratio of 61.37, a PEG ratio of 2.59 and a beta of 0.99. AAON has a 12-month low of $31.55 and a 12-month 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). AAON had a return on equity of 19.79% and a net margin of 10.97%. The firm had revenue of $113.82 million during the quarter, compared to the consensus estimate of $109.92 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that AAON will post 1.28 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 31st. AAON’s dividend payout ratio is presently 39.51%.

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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