AAON (NASDAQ:AAON – Get Rating) released its quarterly earnings results on Thursday. The construction company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.27 by $0.06, Briefing.com reports. The firm had revenue of $182.77 million during the quarter, compared to analyst estimates of $158.47 million. AAON had a return on equity of 15.30% and a net margin of 10.99%. The business’s revenue for the quarter was up 57.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS.
AAON stock traded up $4.18 during trading hours on Friday, hitting $52.11. 443,400 shares of the stock traded hands, compared to its average volume of 221,105. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.51 and a quick ratio of 1.01. The firm’s 50 day moving average price is $53.57 and its 200-day moving average price is $65.29. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 46.95 and a beta of 0.73. AAON has a 1 year low of $47.50 and a 1 year high of $83.79.
AAON has been the topic of several research analyst reports. Sidoti upgraded AAON from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, March 29th. TheStreet downgraded AAON from a “b” rating to a “c+” rating in a research note on Tuesday, March 1st. DA Davidson upgraded AAON from a “neutral” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded AAON from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $68.67.
In other news, Director David Raymond Stewart purchased 1,000 shares of the company’s stock in a transaction on Friday, March 4th. The shares were acquired at an average price of $53.63 per share, for a total transaction of $53,630.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 19.27% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in AAON by 2.7% during the 4th quarter. BlackRock Inc. now owns 6,298,571 shares of the construction company’s stock valued at $500,296,000 after purchasing an additional 163,628 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of AAON by 333.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 408,813 shares of the construction company’s stock worth $32,472,000 after buying an additional 314,531 shares during the last quarter. Morgan Stanley boosted its stake in shares of AAON by 15.5% in the second quarter. Morgan Stanley now owns 303,904 shares of the construction company’s stock worth $19,022,000 after buying an additional 40,764 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of AAON by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 276,050 shares of the construction company’s stock worth $21,926,000 after buying an additional 14,329 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of AAON by 3.5% in the fourth quarter. Legal & General Group Plc now owns 119,139 shares of the construction company’s stock worth $9,463,000 after buying an additional 3,988 shares during the last quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.
About AAON (Get Rating)
AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BasX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.
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