AAON Inc. (AAON) Sees Large Volume Increase
AAON Inc. (NASDAQ:AAON) saw an uptick in trading volume on Friday . 141,526 shares traded hands during trading, a decline of 4% from the previous session’s volume of 147,946 shares.The stock last traded at $27.20 and had previously closed at $26.84.
Separately, Zacks Investment Research downgraded AAON from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 2nd.
The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 30.77. The firm has a 50 day moving average of $27.04 and a 200-day moving average of $25.07.
AAON (NASDAQ:AAON) last announced its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $85.40 million for the quarter, compared to analyst estimates of $81.94 million. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. Analysts predict that AAON Inc. will post $0.99 EPS for the current year.
The firm also recently announced a semiannual dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were paid a dividend of $0.11 per share. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, June 8th.
Several hedge funds and institutional investors have made changes to their positions in the company. Eagle Asset Management Inc. increased its position in shares of AAON by 4.7% in the fourth quarter. Eagle Asset Management Inc. now owns 85,350 shares of the company’s stock valued at $1,981,000 after buying an additional 3,839 shares during the last quarter. California Public Employees Retirement System increased its position in AAON by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 203,200 shares of the company’s stock valued at $4,718,000 after buying an additional 3,400 shares in the last quarter. Principal Financial Group Inc. increased its position in AAON by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 267,038 shares of the company’s stock valued at $6,200,000 after buying an additional 11,100 shares in the last quarter. Finally, Henderson Group PLC increased its position in AAON by 1.6% in the fourth quarter. Henderson Group PLC now owns 331,207 shares of the company’s stock valued at $7,691,000 after buying an additional 5,263 shares in the last quarter.
AAON, Inc (AAON) is engaged in the manufacture and sale of air-conditioning and heating equipment. The Company’s products consist of rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, self-contained units and coils.
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