AAON Inc. (AAON) Sees Unusually-High Trading Volume
AAON Inc. (NASDAQ:AAON) shares saw unusually-high trading volume on Friday . Approximately 141,526 shares changed 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 cut 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 stock has a 50-day moving average price of $27.04 and a 200 day moving average price of $25.07.
AAON (NASDAQ:AAON) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The firm earned $85.40 million during the quarter, compared to analyst estimates of $81.94 million. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, analysts anticipate that AAON Inc. will post $0.99 earnings per share for the current year.
The business also recently announced a semiannual dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 10th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a yield of 0.79%.
A number of institutional investors recently modified their holdings of AAON. 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 worth $1,981,000 after buying an additional 3,839 shares during the last quarter. California Public Employees Retirement System boosted its stake in AAON by 1.7% in the fourth quarter. California Public Employees Retirement System now owns 203,200 shares of the company’s stock worth $4,718,000 after buying an additional 3,400 shares during the period. Principal Financial Group Inc. boosted its stake in AAON by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 267,038 shares of the company’s stock worth $6,200,000 after buying an additional 11,100 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in AAON by 49.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 322,799 shares of the company’s stock worth $7,495,000 after buying an additional 107,100 shares during the period. Finally, Henderson Group PLC boosted its stake in AAON by 1.6% in the fourth quarter. Henderson Group PLC now owns 331,207 shares of the company’s stock worth $7,691,000 after buying an additional 5,263 shares during the period.
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.