AAON, Inc. (NASDAQ: AAON – Get Rating) Vice Chairman Rony D. Gadiwalla sold 2,000 shares of the company in a trade dated Tuesday, May 10. The shares were sold at an average price of $54.70, for a total transaction of $109,400.00. Following the transaction, the vice president now owns 27,144 shares of the company, valued at approximately $1,484,776.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
The NASDAQ AAON opened at $50.20 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.01 and a debt ratio of 0.09. The company has a fifty-day simple moving average of $53.39 and a 200-day simple moving average of $64.91. AAON, Inc. has a 12-month low of $47.50 and a 12-month high of $83.79. The company has a market capitalization of $2.64 billion, a P/E ratio of 45.23 and a beta of 0.73.
AAON (NASDAQ:AAON – Get Rating) last released its results on Thursday, May 5. The construction company reported earnings per share (EPS) of $0.33 for the quarter, beating the consensus estimate of $0.27 by $0.06. AAON had a net margin of 10.05% and a return on equity of 15.31%. The company posted revenue of $182.77 million in the quarter, versus analyst estimates of $158.47 million. In the same quarter a year earlier, the company posted EPS of $0.30. The company’s revenues increased by 57.8% compared to the same quarter last year. As a group, sell-side analysts expect AAON, Inc. to post 1.68 EPS for the current fiscal year.
AAON has been the subject of a number of research reports. DA Davidson upgraded AAON from a “neutral” rating to a “buy” rating in a Friday, May 6 research note. Sidoti upgraded AAON shares from a “neutral” rating to a “buy” rating and set a price target of $72.00 for the company in a Tuesday, March 29 research report. Zacks Investment Research upgraded AAON shares from a “hold” rating to a “buy” rating and set a price target of $60.00 for the company in a research note on Tuesday. StockNews.com upgraded AAON’s shares from a “sell” rating to a “hold” rating in a Friday, May 6 research rating. Finally, TheStreet downgraded AAON shares from a “b” rating to a “c+” rating in a Tuesday, March 1 report. One investment analyst has assigned the stock a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $67.33.
A number of large investors have recently bought and sold shares of the company. BOKF NA bought a new position in AAON stock in Q3 worth approximately $32,481,000. ProShare Advisors LLC increased its holdings in AAON by 62.4% during the fourth quarter. ProShare Advisors LLC now owns 10,461 shares of the construction company worth $831,000 after acquiring 4,018 additional shares during the period. Los Angeles Capital Management LLC increased its position in AAON by 190.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 36,113 shares of the construction company worth $2,868,000 after buying 23,673 additional shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in AAON in Q3 worth $542,000. Finally, Cubist Systematic Strategies LLC increased its position in AAON shares by 27.5% during the third quarter. Cubist Systematic Strategies LLC now owns 17,360 shares of the construction company valued at $1,134,000 after purchasing 3,742 additional shares in the last quarter. Hedge funds and other institutional investors own 71.28% of the company’s shares.
About AAON (Get an assessment)
AAON, Inc, together with its subsidiaries, is engaged in the engineering, manufacturing, marketing and sales of 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, clean room systems, chillers, packaged outdoor mechanical rooms, air handling units, make-up air units, heat recovery units, condensing units, geothermal/water source heat pumps, coils and controls.
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