AAON Inc. (AAON) Sets New 12-Month High at $28.70
AAON Inc. (NASDAQ:AAON)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $28.70 and last traded at $28.39, with a volume of 92,506 shares changing hands. The stock had previously closed at $28.18.
Separately, Zacks Investment Research raised 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 firm’s 50-day moving average is $27.09 and its 200 day moving average is $25.17. The company has a market capitalization of $1.51 billion and a PE ratio of 31.90.
AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 5th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $81.94 million. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts anticipate that AAON Inc. will post $0.99 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were given a dividend of $0.11 per share. This represents a dividend yield of 0.79%. The ex-dividend date was Wednesday, June 8th.
Several institutional investors recently added to or reduced their stakes in the stock. 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. 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. Finally, Eagle Asset Management Inc. increased its position in 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 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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