AAON, Inc. (NASDAQ:AAON) Sees Significant Decline in Short Interest

AAON, Inc. (NASDAQ:AAON) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,690,000 shares, a decline of 5.4% from the December 15th total of 4,960,000 shares. Based on an average daily volume of 147,500 shares, the short-interest ratio is presently 31.8 days. Currently, 11.6% of the shares of the company are sold short.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of AAON by 0.8% during the 2nd quarter. BlackRock Inc. now owns 5,940,898 shares of the construction company’s stock worth $298,114,000 after buying an additional 44,527 shares during the period. State Street Corp boosted its holdings in shares of AAON by 1.7% during the 3rd quarter. State Street Corp now owns 1,204,971 shares of the construction company’s stock worth $55,356,000 after buying an additional 20,572 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AAON by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 583,729 shares of the construction company’s stock worth $29,291,000 after buying an additional 26,154 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of AAON by 34.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 383,666 shares of the construction company’s stock worth $19,252,000 after buying an additional 98,825 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of AAON by 352.2% during the 2nd quarter. Morgan Stanley now owns 213,273 shares of the construction company’s stock worth $10,702,000 after buying an additional 166,112 shares during the period. 75.23% of the stock is owned by institutional investors and hedge funds.

Shares of AAON stock opened at $51.90 on Wednesday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 64.07 and a beta of 0.94. The company has a 50-day simple moving average of $49.83 and a 200 day simple moving average of $48.68. AAON has a 52 week low of $34.88 and a 52 week high of $53.27.

AAON (NASDAQ:AAON) last announced its earnings results on Thursday, October 31st. The construction company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). The company had revenue of $113.50 million for the quarter, compared to the consensus estimate of $126.84 million. AAON had a return on equity of 19.11% and a net margin of 10.94%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts anticipate that AAON will post 0.99 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 26th. AAON’s payout ratio is 39.51%.

Several research firms have recently weighed in on AAON. Zacks Investment Research upgraded shares of AAON from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 1st. BidaskClub upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine lowered shares of AAON from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. AAON has an average rating of “Hold” and an average target price of $40.50.

About AAON

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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