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

Equities researchers at StockNews.com initiated coverage on shares of AAON (NASDAQ:AAON – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the construction company’s stock.

AAON Trading Down 0.4 %

AAON opened at $56.01 on Thursday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 31.00 and a beta of 0.85. AAON has a one year low of $34.70 and a one year high of $71.39. The business has a 50 day simple moving average of $57.05 and a two-hundred day simple moving average of $47.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.76 and a quick ratio of 1.36.

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AAON (NASDAQ:AAON – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $283.96 million during the quarter, compared to analyst estimates of $276.08 million. AAON had a return on equity of 25.30% and a net margin of 14.22%. The firm’s revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Analysts predict that AAON will post 2.05 EPS for the current year.

Insiders Place Their Bets

In other news, Director David Raymond Stewart acquired 500 shares of the stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $60.17 per share, with a total value of $30,085.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $120,340. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Robert Teis sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $65.80, for a total value of $138,180.00. Following the sale, the vice president now owns 13,684 shares in the company, valued at approximately $900,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Raymond Stewart acquired 500 shares of the stock in a transaction on Friday, September 15th. The shares were bought at an average price of $60.17 per share, with a total value of $30,085.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $120,340. The disclosure for this purchase can be found here. 19.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAON

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in shares of AAON during the first quarter valued at approximately $26,000. IFP Advisors Inc purchased a new stake in AAON during the 2nd quarter valued at $26,000. Group One Trading L.P. bought a new stake in shares of AAON in the 1st quarter worth $39,000. Ameritas Advisory Services LLC purchased a new position in shares of AAON in the first quarter worth $40,000. Finally, Ruedi Wealth Management Inc. bought a new position in shares of AAON during the fourth quarter valued at $42,000. 47.89% of the stock is owned by hedge funds and other institutional investors.

AAON Company Profile

(Get Free Report)

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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