Market Runner: AAON, Inc.’s Trend Up, Especially After Today’s 52-Week High Milestone

Market Runner: AAON, Inc.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of AAON, Inc. (NASDAQ:AAON) hit a new 52-week high and has $36.45 target or 8.00% above today’s $33.75 share price. The 5 months bullish chart indicates low risk for the $1.80 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $36.45 price target is reached, the company will be worth $144.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,716 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 $13.87 million for 32.45 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. $30 is the highest target while $21 is the lowest. The $25.50 average target is -24.44% below today’s ($33.75) stock price. 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 improved, 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.
Amer Grp last reported 29,955 shares in the company. Millennium Mgmt Lc holds 0.01% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 195,246 shares. Paradigm Asset Limited Liability Corp has invested 0% of its portfolio in AAON, Inc. (NASDAQ:AAON). Fiera Corp owns 25,500 shares or 0% of their US portfolio. Bankshares Of Montreal Can holds 1,830 shares or 0% of its portfolio. Citigroup Inc holds 0% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 19,081 shares. Strs Ohio reported 34,500 shares or 0% of all its holdings. Moreover, Gotham Asset Management Limited Com has 0% invested in AAON, Inc. (NASDAQ:AAON) for 12,363 shares. State Board Of Administration Of Florida Retirement System owns 41,387 shares or 0% of their US portfolio. Td Asset Mngmt holds 0% of its portfolio in AAON, Inc. (NASDAQ:AAON) for 18,100 shares. Vanguard Gru Inc has invested 0.01% of its portfolio in AAON, Inc. (NASDAQ:AAON). The New York-based Pinebridge Investments Limited Partnership has invested 0.01% in AAON, Inc. (NASDAQ:AAON). Tiaa Cref Invest Limited Liability Corp holds 123,831 shares or 0% of its portfolio. Henderson Group Plc reported 506,906 shares or 0.12% of all its holdings. Invesco accumulated 68,508 shares or 0% of the stock.

Insider Transactions: Since August 24, 2016, the stock had 0 insider purchases, and 2 insider sales for $115,384 net activity. $65,208 worth of shares were sold by Thompson Rebecca on Wednesday, November 23.

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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