AAON Inc. (AAON) Reaches New 1-Year High at $28.95
Shares of AAON Inc. (NASDAQ:AAON) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $28.95 and last traded at $28.85, with a volume of 60,016 shares trading hands. The stock had previously closed at $28.62.
Separately, Zacks Investment Research downgraded shares of AAON from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th.
The company has a market cap of $1.53 billion and a PE ratio of 30.48. The stock’s 50 day moving average price is $27.27 and its 200 day moving average price is $26.70.
AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business earned $102.30 million during the quarter, compared to analyst estimates of $98.03 million. AAON’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. On average, analysts forecast 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 company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $28.00, for a total value of $50,176.00. Following the sale, the insider now owns 20,365 shares in the company, valued at approximately $570,220. The transaction was disclosed in a legal filing with the SEC, which is available at 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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