AAON (NASDAQ:AAON) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of AAON (NASDAQ:AAON – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the construction company’s stock.

A number of other research firms also recently weighed in on AAON. CJS Securities downgraded shares of AAON from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th. DA Davidson boosted their price objective on shares of AAON from $100.00 to $115.00 in a research note on Friday, May 5th.

AAON Trading Up 0.1 %

Shares of NASDAQ:AAON opened at $91.48 on Thursday. AAON has a 52-week low of $48.97 and a 52-week high of $104.32. The company has a market capitalization of $4.89 billion, a P/E ratio of 41.77 and a beta of 0.79. The company has a 50-day simple moving average of $94.75 and a 200 day simple moving average of $83.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.34 and a current ratio of 2.79.

AAON (NASDAQ:AAON – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13. The firm had revenue of $265.95 million during the quarter, compared to the consensus estimate of $248.28 million. AAON had a net margin of 12.26% and a return on equity of 21.81%. The business’s revenue for the quarter was up 45.5% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Sell-side analysts forecast that AAON will post 2.84 earnings per share for the current year.

Insider Transactions at AAON

In other news, CEO Gary D. Fields sold 504 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $97.04, for a total transaction of $48,908.16. Following the completion of the sale, the chief executive officer now directly owns 39,827 shares of the company’s stock, valued at $3,864,812.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AAON news, CEO Gary D. Fields sold 504 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $97.04, for a total value of $48,908.16. Following the completion of the sale, the chief executive officer now directly owns 39,827 shares of the company’s stock, valued at approximately $3,864,812.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gordon Douglas Wichman sold 5,620 shares of the stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $92.87, for a total transaction of $521,929.40. Following the transaction, the vice president now directly owns 3,992 shares of the company’s stock, valued at $370,737.04. The disclosure for this sale can be found here. Insiders sold a total of 7,731 shares of company stock valued at $719,694 over the last three months. Corporate insiders own 19.16% of the company’s stock.

Institutional Trading of AAON

Institutional investors have recently modified their holdings of the business. Eaton Vance Management lifted its stake in AAON by 1.6% in the 3rd quarter. Eaton Vance Management now owns 1,055,187 shares of the construction company’s stock worth $56,853,000 after purchasing an additional 16,225 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of AAON during the 3rd quarter valued at about $2,351,000. Cowa LLC purchased a new position in shares of AAON during the third quarter valued at about $54,000. Vestmark Advisory Solutions Inc. increased its position in shares of AAON by 45.3% during the third quarter. Vestmark Advisory Solutions Inc. now owns 5,427 shares of the construction company’s stock valued at $292,000 after buying an additional 1,692 shares during the period. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of AAON during the third quarter valued at about $433,000. 70.08% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

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AAON, Inc engages in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment. It operates through the following segments: Units, Parts-External, Parts-Internal, and Other. Its products include air handling units, self contained units, packaged rooftop units, geothermal heat units, controls, and coils.