AAON (NASDAQ:AAON) Issues Earnings Results

AAON (NASDAQ:AAON) announced its quarterly earnings data on Thursday. The construction company reported $0.30 earnings per share (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 Stock Down 19.0 %

Shares of AAON traded down $19.39 during midday trading on Thursday, hitting $82.63. 1,381,565 shares of the company’s stock traded hands, compared to its average volume of 611,245. AAON has a 1 year low of $70.28 and a 1 year high of $144.07. The firm’s fifty day moving average is $118.52 and its 200-day moving average is $114.31. The company has a current ratio of 3.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 36.51 and a beta of 0.87.

Analyst Ratings Changes

AAON has been the topic of a number of research reports. DA Davidson raised their target price on shares of 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 objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling at AAON

In other news, VP Stephen E. Wakefield sold 5,362 shares of AAON stock in a transaction on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the sale, the vice president now directly owns 4,558 shares in the company, valued at approximately $597,052.42. The trade was a 54.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 17,297 shares in the company, valued at approximately $2,386,986. The trade was a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by company insiders.

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.