AAON (NASDAQ:AAON) Stock Rating Lowered by Wall Street Zen

AAON (NASDAQ:AAON) was downgraded by Wall Street Zen from a “hold” rating to a “strong sell” rating in a note issued to investors on Sunday.

A number of other equities research analysts have also recently commented on the stock. Sidoti raised shares of AAON from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Monday, June 16th. Robert W. Baird lowered their price objective on shares of AAON from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, DA Davidson lowered their price objective on shares of AAON from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AAON has an average rating of “Moderate Buy” and an average target price of $102.00.

AAON Stock Performance

NASDAQ:AAON opened at $79.55 on Friday. The company has a quick ratio of 1.80, a current ratio of 3.10 and a debt-to-equity ratio of 0.38. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $144.07. The stock has a market cap of $6.49 billion, a PE ratio of 54.12 and a beta of 0.94. The firm’s fifty day simple moving average is $77.55 and its 200-day simple moving average is $87.42.

AAON (NASDAQ:AAON) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). AAON had a return on equity of 15.45% and a net margin of 9.70%. The company had revenue of $311.57 million for the quarter, compared to analyst estimates of $326.15 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that AAON will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling at AAON

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total value of $2,225,632.96. Following the completion of the transaction, the director directly owned 8,754 shares in the company, valued at approximately $914,617.92. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.70% of the company’s stock.

Institutional Trading of AAON

Several institutional investors have recently added to or reduced their stakes in AAON. Rakuten Securities Inc. raised its holdings in AAON by 613.3% in the first quarter. Rakuten Securities Inc. now owns 321 shares of the construction company’s stock valued at $25,000 after acquiring an additional 276 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares in the last quarter. Versant Capital Management Inc increased its stake in AAON by 652.3% during the first quarter. Versant Capital Management Inc now owns 331 shares of the construction company’s stock valued at $26,000 after purchasing an additional 287 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in AAON during the second quarter valued at $26,000. Finally, Quarry LP increased its stake in AAON by 49.0% during the fourth quarter. Quarry LP now owns 313 shares of the construction company’s stock valued at $37,000 after purchasing an additional 103 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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. 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.