AAON, Inc. (NASDAQ:AAON) Given Consensus Rating of “Buy” by Analysts

AAON, Inc. (NASDAQ:AAON) has been assigned a consensus rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $133.00.

A number of equities analysts have weighed in on the company. DA Davidson upped their price target on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com upgraded shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird increased their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and lifted their target price for the company from $102.00 to $111.00 in a research report on Tuesday, October 22nd.

Insider Buying and Selling

In related news, VP Casey Kidwell sold 4,796 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $136.38, for a total value of $654,078.48. Following the completion of the sale, the vice president now directly owns 4,953 shares in the company, valued at $675,490.14. The trade was a 49.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 18.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAON

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in AAON during the first quarter worth about $212,000. Sei Investments Co. boosted its stake in shares of AAON by 2.1% during the first quarter. Sei Investments Co. now owns 146,519 shares of the construction company’s stock valued at $12,908,000 after purchasing an additional 2,985 shares in the last quarter. Russell Investments Group Ltd. increased its position in AAON by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock valued at $3,156,000 after acquiring an additional 1,090 shares during the period. ProShare Advisors LLC raised its position in AAON by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,656 shares of the construction company’s stock worth $1,203,000 after purchasing an additional 940 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of AAON in the first quarter worth approximately $423,000. Institutional investors own 70.81% of the company’s stock.

AAON Stock Up 0.2 %

AAON stock opened at $133.46 on Friday. AAON has a twelve month low of $61.09 and a twelve month high of $144.07. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $110.69 and a 200-day moving average of $93.12. The stock has a market capitalization of $10.85 billion, a PE ratio of 58.79 and a beta of 0.79.

AAON (NASDAQ:AAON) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $327.25 million for the quarter, compared to the consensus estimate of $315.80 million. AAON had a return on equity of 24.98% and a net margin of 15.78%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. On average, equities research analysts anticipate that AAON will post 2.26 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. AAON’s payout ratio is 14.10%.

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. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.