AAON Stock Summary and Trading Ideas (Aaon | NASDAQ:AAON)

AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.

Aaon trades on the NASDAQ stock market under the symbol AAON.

As of January 28, 2025, AAON stock price declined to $110.02 with 331,938 million shares trading.

AAON has a beta of 1.62, meaning it tends to be more sensitive to market movements. AAON has a correlation of 0.29 to the broad based SPY ETF.

AAON has a market cap of $8.94 billion. This is considered a Mid Cap stock.

Last quarter Aaon reported $327 million in Revenue and $.63 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.06.

In the last 3 years, AAON traded as high as $144.07 and as low as $31.67.

The top ETF exchange traded funds that AAON belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

AAON has outperformed the market in the last year with a return of +57.8%, while the SPY ETF gained +24.9%. However, in the most recent history, AAON shares have underperformed the stock market with its stock returning -1.0% in the last 3 month period and -10.8% for the last 2 week period, while SPY has returned +4.3% and +3.5%, respectively.

AAON support price is $110.02 and resistance is $115.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAON shares will trade within this expected range on the day.