Why AAON (AAON) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of AAON Inc. (AAON) are trading higher 9.03% to $31.51 on Monday after the company reported sales and net income increased for the 2014 first quarter.

The company, which manufactures and sells air-conditioning and heating equipment, reported sales rose 14.3% to $76.4 million from $66.8 million in the same quarter the previous year.

AAON's net income jumped 37.6% to $9.8 million versus $7.1 million from the 2013 first quarter.

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Earnings for the most recent quarter were up 36.8% to 20 cents per diluted share from 19 cents per diluted share for the year ago quarter.

TheStreet Ratings team rates AAON INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate AAON INC (AAON) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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