AAON (NASDAQ:AAON) Research Coverage Started at William Blair

Stock analysts at William Blair began coverage on shares of AAON (NASDAQ:AAON) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set an “outperform” rating on the construction company’s stock.

AAON Trading Up 0.3 %

Shares of AAON stock opened at $94.09 on Monday. The company has a 50-day moving average of $85.91 and a two-hundred day moving average of $73.93. The stock has a market cap of $7.72 billion, a PE ratio of 44.10 and a beta of 0.91. The company has a current ratio of 3.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.05. AAON has a 12-month low of $52.24 and a 12-month high of $96.34.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $306.60 million during the quarter, compared to the consensus estimate of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. AAON’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, research analysts anticipate that AAON will post 2.29 EPS for the current fiscal year.

Insider Buying and Selling at AAON

In related news, Director Norman H. Asbjornson sold 19,136 shares of AAON stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the completion of the transaction, the director now directly owns 14,874 shares in the company, valued at approximately $1,209,256.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Norman H. Asbjornson sold 19,136 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total transaction of $1,555,756.80. Following the sale, the director now owns 14,874 shares of the company’s stock, valued at $1,209,256.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now directly owns 53,093 shares of the company’s stock, valued at approximately $4,247,970.93. The disclosure for this sale can be found here. In the last three months, insiders sold 44,596 shares of company stock worth $3,613,768. 18.55% of the stock is owned by corporate insiders.

Institutional Trading of AAON

A number of hedge funds have recently bought and sold shares of AAON. TFO Wealth Partners LLC acquired a new position in AAON in the 4th quarter valued at $27,000. Operose Advisors LLC purchased a new stake in shares of AAON in the third quarter valued at $31,000. CI Investments Inc. increased its stake in AAON by 50.9% in the third quarter. CI Investments Inc. now owns 617 shares of the construction company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. GAMMA Investing LLC purchased a new position in AAON during the fourth quarter worth about $36,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in AAON in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

About AAON

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.