AAON Inc. (AAON) Sees Unusually-High Trading Volume
AAON Inc. (NASDAQ:AAON) shares saw unusually-strong trading volume on Wednesday . Approximately 245,733 shares changed hands during trading, an increase of 138% from the previous session’s volume of 103,214 shares.The stock last traded at $28.30 and had previously closed at $28.17.
Separately, Zacks Investment Research upgraded shares of AAON from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, May 10th.
The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 29.76. The stock has a 50-day moving average price of $27.26 and a 200-day moving average price of $26.68.
AAON (NASDAQ:AAON) last issued its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $102.30 million for the quarter, compared to the consensus estimate of $98.03 million. AAON’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, equities analysts anticipate that AAON Inc. will post $0.99 earnings per share for the current year.
In other AAON news, insider Rebecca Thompson sold 1,792 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $28.00, for a total transaction of $50,176.00. Following the completion of the transaction, the insider now owns 20,365 shares in the company, valued at $570,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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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