BidaskClub upgraded shares of AAON (NASDAQ:AAON) from a hold rating to a buy rating in a research note published on Friday morning, BidAskClub reports.

AAON has been the topic of several other reports. TheStreet downgraded Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. DA Davidson reiterated a buy rating and issued a $90.00 price target on shares of Lumentum in a report on Monday, May 6th. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $40.50.

Shares of AAON stock opened at $50.68 on Friday. The company’s 50 day moving average is $49.83. AAON has a 1 year low of $31.55 and a 1 year high of $52.75. The stock has a market capitalization of $2.66 billion, a P/E ratio of 62.57, a PEG ratio of 2.70 and a beta of 0.99.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). AAON had a return on equity of 19.79% and a net margin of 10.97%. The business had revenue of $113.82 million during the quarter, compared to analysts’ expectations of $109.92 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts expect that AAON will post 1.28 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 31st. AAON’s payout ratio is currently 39.51%.

In other AAON news, insider Rebecca Thompson sold 1,100 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $47.97, for a total transaction of $52,767.00. Following the transaction, the insider now directly owns 10,960 shares in the company, valued at approximately $525,751.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen E. Wakefield sold 1,118 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total value of $53,473.94. Following the transaction, the vice president now owns 6,878 shares in the company, valued at $328,974.74. The disclosure for this sale can be found here. Insiders have sold a total of 6,042 shares of company stock worth $292,967 over the last 90 days. 22.24% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in AAON by 0.4% during the 1st quarter. BlackRock Inc. now owns 5,896,371 shares of the construction company’s stock worth $272,295,000 after purchasing an additional 24,750 shares during the period. Capital Advisors Inc. OK boosted its position in AAON by 6.9% during the 1st quarter. Capital Advisors Inc. OK now owns 3,276,774 shares of the construction company’s stock valued at $151,119,000 after acquiring an additional 212,813 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in AAON by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,847,916 shares of the construction company’s stock valued at $64,788,000 after acquiring an additional 15,652 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in AAON by 0.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 505,253 shares of the construction company’s stock valued at $23,333,000 after acquiring an additional 2,665 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in AAON by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 476,025 shares of the construction company’s stock valued at $16,689,000 after acquiring an additional 7,624 shares in the last quarter. Institutional investors own 73.22% of the company’s stock.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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