Zacks: AAON, Inc. (AAON) Receives Consensus Rating of “Hold” from Brokerages

AAON, Inc. (NASDAQ:AAON) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1-year consensus target price of $38.00 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given AAON an industry rank of 108 out of 265 based on the ratings given to related companies.

Several brokerages have recently commented on AAON. Zacks Investment Research raised AAON from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of AAON by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,869 shares of the construction company’s stock worth $179,000 after acquiring an additional 729 shares in the last quarter. Pinebridge Investments L.P. lifted its stake in AAON by 0.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,198 shares of the construction company’s stock valued at $192,000 after buying an additional 48 shares in the last quarter. Amalgamated Bank purchased a new stake in AAON in the 2nd quarter valued at approximately $211,000. SG Americas Securities LLC purchased a new stake in AAON in the 2nd quarter valued at approximately $220,000. Finally, 1st Global Advisors Inc. lifted its stake in AAON by 1.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 7,294 shares of the construction company’s stock valued at $269,000 after buying an additional 97 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of AAON (AAON) traded down $1.00 during trading hours on Wednesday, hitting $36.10. The stock had a trading volume of 305,100 shares, compared to its average volume of 203,771. The stock has a market cap of $1,950.00, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00. AAON has a fifty-two week low of $29.95 and a fifty-two week high of $38.25.

AAON (NASDAQ:AAON) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $113.67 million for the quarter, compared to analysts’ expectations of $111.76 million. AAON had a return on equity of 23.17% and a net margin of 12.77%. AAON’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. equities research analysts anticipate that AAON will post 0.97 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 30th were paid a dividend of $0.13 per share. This represents a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, November 29th. AAON’s dividend payout ratio (DPR) is 27.66%.

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About AAON

AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.

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