AAON (NASDAQ:AAON) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

AAON (NASDAQ:AAON) released its earnings results on Monday. The construction company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06), FiscalAI reports. The business had revenue of $424.22 million during the quarter, compared to the consensus estimate of $374.10 million. AAON had a net margin of 7.62% and a return on equity of 12.52%.

AAON Stock Performance

NASDAQ AAON opened at $101.20 on Monday. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 83.64 and a beta of 1.09. AAON has a twelve month low of $62.00 and a twelve month high of $116.04. The stock has a fifty day simple moving average of $90.49 and a 200 day simple moving average of $90.68. The company has a quick ratio of 2.03, a current ratio of 3.04 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of AAON in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of AAON in a research note on Wednesday, January 21st. Wall Street Zen raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. DA Davidson reiterated a “buy” rating and set a $120.00 price target on shares of AAON in a report on Tuesday, February 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $115.00 price objective on shares of AAON in a report on Friday, November 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus target price of $107.00.

Insider Buying and Selling

In related news, EVP Stephen E. Wakefield purchased 4,141 shares of AAON stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $77.59 per share, for a total transaction of $321,300.19. Following the transaction, the executive vice president owned 15,212 shares of the company’s stock, valued at approximately $1,180,299.08. This represents a 37.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 18.55% of the company’s stock.

Hedge Funds Weigh In On AAON

Several institutional investors have recently added to or reduced their stakes in AAON. Wellington Management Group LLP grew its holdings in shares of AAON by 512.5% during the third quarter. Wellington Management Group LLP now owns 4,739,892 shares of the construction company’s stock valued at $442,896,000 after buying an additional 3,966,088 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of AAON by 27.1% in the 3rd quarter. Wasatch Advisors LP now owns 2,138,959 shares of the construction company’s stock worth $199,864,000 after acquiring an additional 456,560 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in AAON in the 3rd quarter valued at about $41,333,000. Amundi boosted its stake in AAON by 190.6% during the 4th quarter. Amundi now owns 439,694 shares of the construction company’s stock valued at $33,547,000 after purchasing an additional 288,393 shares during the last quarter. Finally, UBS Group AG boosted its stake in AAON by 78.5% during the 3rd quarter. UBS Group AG now owns 564,060 shares of the construction company’s stock valued at $52,706,000 after purchasing an additional 248,011 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

AAON Company Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.