The stock of AAON, Inc. (NASDAQ:AAON) reached all time high today, Nov, 24 and still has $35.74 target or 7.00% above today’s $33.40 share price. This indicates more upside for the $1.77B company. This technical setup was reported by Barchart.com. If the $35.74 PT is reached, the company will be worth $123.90M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.06% or $0.35 on November 23, hitting $33.4. About 117,253 shares traded hands. AAON, Inc. (NASDAQ:AAON) has risen 21.28% since April 22, 2016 and is uptrending. It has outperformed by 15.87% the S&P500.
Analysts await AAON, Inc. (NASDAQ:AAON) to report earnings on February, 23. They expect $0.26 earnings per share, up 8.33% or $0.02 from last year’s $0.24 per share. AAON’s profit will be $13.78M for 32.12 P/E if the $0.26 EPS becomes a reality. After $0.29 actual earnings per share reported by AAON, Inc. for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.
AAON, Inc. (NASDAQ:AAON) Ratings Coverage
Out of 2 analysts covering AAON Inc (NASDAQ:AAON), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. AAON Inc has been the topic of 2 analyst reports since January 12, 2016 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Aaon Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. Its products serve the new construction and replacement markets. The Company has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency.”
Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.14, from 1.53 in 2016Q1. The ratio is positive, as 14 funds sold all AAON, Inc. shares owned while 31 reduced positions. 15 funds bought stakes while 54 increased positions. They now own 29.96 million shares or 4.00% less from 31.21 million shares in 2016Q1.
Teachers Advsrs Inc has invested 0% of its portfolio in AAON, Inc. (NASDAQ:AAON). Dimensional Fund Limited Partnership owns 1.89M shares or 0.03% of their US portfolio. Prudential last reported 0.01% of its portfolio in the stock. King Luther Management, a Texas-based fund reported 34,973 shares. Zacks Mgmt has invested 0.03% of its portfolio in AAON, Inc. (NASDAQ:AAON). Principal Grp holds 0.01% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 280,813 shares. Moreover, Louisiana State Employees Retirement has 0.03% invested in AAON, Inc. (NASDAQ:AAON) for 17,650 shares. The New York-based Gotham Asset Mgmt Ltd Liability Corp has invested 0% in AAON, Inc. (NASDAQ:AAON). Wellington Mgmt Gp Ltd Liability Partnership holds 0.01% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 797,431 shares. Finemark Bancorporation has 0% invested in the company for 39 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 995 shares or 0% of the stock. Ridgeworth Mgmt Limited Co reported 19,009 shares or 0% of all its holdings. State Street Corporation, a Massachusetts-based fund reported 824,262 shares. Moreover, Fiera Corp has 0% invested in AAON, Inc. (NASDAQ:AAON) for 25,500 shares. Manufacturers Life Insurance Com The has 28,471 shares for 0% of their US portfolio.
Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 2 sales for $115,384 net activity. Thompson Rebecca also sold $50,176 worth of AAON, Inc. (NASDAQ:AAON) shares.
Another recent and important AAON, Inc. (NASDAQ:AAON) news was published by Seekingalpha.com which published an article titled: “AAON: Diamond Among The Trash?” on November 21, 2016.
AAON Company Profile
AAON, Inc. (AAON), incorporated on August 18, 1987, 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. The Company’s products serve the commercial, and industrial new construction and replacement markets. The Company’s rooftop and condenser unit markets consist of units installed on commercial or industrial structures of over 10 stories in height. The Company’s air handling units, self-contained units, chillers, packaged outdoor mechanical rooms and coils are applicable to all sizes of commercial and industrial buildings. The replacement market consists of products installed to replace existing units/components that are worn or damaged. The Company’s operating subsidiaries are AAON, Inc. and AAON Coil Products, Inc. It markets its products to over 50 states in the United States and certain provinces in Canada.
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