DA Davidson Weighs in on AAON’s Q1 2018 Earnings (AAON)

AAON (NASDAQ:AAON) – Equities researchers at DA Davidson cut their Q1 2018 earnings per share (EPS) estimates for shares of AAON in a report issued on Wednesday, April 11th. DA Davidson analyst B. Thielman now expects that the construction company will earn $0.24 per share for the quarter, down from their prior forecast of $0.25.

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AAON (NASDAQ:AAON) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The business had revenue of $104.16 million for the quarter, compared to analyst estimates of $108.00 million. AAON had a return on equity of 22.34% and a net margin of 13.45%.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of AAON from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, March 28th. BidaskClub raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd.

Shares of AAON opened at $34.45 on Thursday. The stock has a market cap of $1,811.45, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. AAON has a 1 year low of $29.95 and a 1 year high of $40.25.

A number of large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new stake in AAON in the fourth quarter valued at approximately $221,000. DF Dent & Co. Inc. acquired a new stake in AAON in the fourth quarter valued at approximately $473,000. MetLife Investment Advisors LLC acquired a new stake in AAON in the fourth quarter valued at approximately $701,000. Teachers Advisors LLC raised its holdings in AAON by 7.0% in the fourth quarter. Teachers Advisors LLC now owns 79,877 shares of the construction company’s stock valued at $2,931,000 after acquiring an additional 5,205 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in AAON by 125.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 112,093 shares of the construction company’s stock valued at $4,114,000 after acquiring an additional 62,332 shares in the last quarter. 69.54% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Sam Neale sold 5,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $38.38, for a total transaction of $191,900.00. Following the sale, the vice president now owns 33,528 shares of the company’s stock, valued at $1,286,804.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.25% of the stock is currently owned by corporate insiders.

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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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