AAON (NASDAQ:AAON) Issues Quarterly Earnings Results

AAON (NASDAQ:AAON) issued its quarterly earnings results on Thursday. The construction company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.24), Zacks reports. AAON had a return on equity of 24.98% and a net margin of 15.78%.

AAON Trading Down 22.4 %

Shares of AAON traded down $22.81 during trading hours on Thursday, hitting $79.22. 2,484,754 shares of the stock traded hands, compared to its average volume of 615,440. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. AAON has a 1-year low of $70.28 and a 1-year high of $144.07. The firm has a market capitalization of $6.44 billion, a PE ratio of 34.90 and a beta of 0.87. The business has a fifty day moving average of $118.52 and a 200-day moving average of $114.31.

Wall Street Analyst Weigh In

AAON has been the topic of a number of research reports. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AAON has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity

In related news, VP Stephen E. Wakefield sold 5,362 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $130.99, for a total value of $702,368.38. Following the completion of the sale, the vice president now owns 4,558 shares in the company, valued at approximately $597,052.42. This represents a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $138.00, for a total value of $690,000.00. Following the completion of the sale, the chief financial officer now owns 17,297 shares of the company’s stock, valued at $2,386,986. This represents a 22.42 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

AAON Company Profile

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.